Dagang Nexchange (Malaysia) Market Value
| 4456 Stock | 0.36 0.02 5.88% |
| Symbol | Dagang |
Dagang Nexchange 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dagang Nexchange's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dagang Nexchange.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Dagang Nexchange on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Dagang Nexchange Bhd or generate 0.0% return on investment in Dagang Nexchange over 30 days. Dagang Nexchange is related to or competes with Aeon Credit, Alliance Financial, Southern Steel, Star Media, Icon Offshore, Uchi Technologies, and EA Technique. More
Dagang Nexchange Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dagang Nexchange's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dagang Nexchange Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.62 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.86 |
Dagang Nexchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dagang Nexchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dagang Nexchange's standard deviation. In reality, there are many statistical measures that can use Dagang Nexchange historical prices to predict the future Dagang Nexchange's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.32) |
Dagang Nexchange Bhd Backtested Returns
Dagang Nexchange Bhd secures Sharpe Ratio (or Efficiency) of -0.0215, which denotes the company had a -0.0215% return per unit of risk over the last 3 months. Dagang Nexchange Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dagang Nexchange's Mean Deviation of 1.62, standard deviation of 2.47, and Variance of 6.1 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dagang Nexchange's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dagang Nexchange is expected to be smaller as well. At this point, Dagang Nexchange Bhd has a negative expected return of -0.0548%. Please make sure to confirm Dagang Nexchange's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Dagang Nexchange Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Dagang Nexchange Bhd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Dagang Nexchange time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dagang Nexchange Bhd price movement. The serial correlation of -0.75 indicates that around 75.0% of current Dagang Nexchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dagang Nexchange Bhd lagged returns against current returns
Autocorrelation, which is Dagang Nexchange stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dagang Nexchange's stock expected returns. We can calculate the autocorrelation of Dagang Nexchange returns to help us make a trade decision. For example, suppose you find that Dagang Nexchange has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dagang Nexchange regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dagang Nexchange stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dagang Nexchange stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dagang Nexchange stock over time.
Current vs Lagged Prices |
| Timeline |
Dagang Nexchange Lagged Returns
When evaluating Dagang Nexchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dagang Nexchange stock have on its future price. Dagang Nexchange autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dagang Nexchange autocorrelation shows the relationship between Dagang Nexchange stock current value and its past values and can show if there is a momentum factor associated with investing in Dagang Nexchange Bhd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Dagang Stock
Dagang Nexchange financial ratios help investors to determine whether Dagang Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dagang with respect to the benefits of owning Dagang Nexchange security.