Genting Malaysia (Malaysia) Market Value
| 4715 Stock | 2.15 0.01 0.46% |
| Symbol | Genting |
Genting Malaysia '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 Genting Malaysia'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 Genting Malaysia.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Genting Malaysia on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Genting Malaysia Bhd or generate 0.0% return on investment in Genting Malaysia over 180 days. Genting Malaysia is related to or competes with Senheng New, Mercury Industries, Melewar Industrial, Star Media, Choo Bee, Sports Toto, and PIE Industrial. More
Genting Malaysia 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 Genting Malaysia'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 Genting Malaysia Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.12 |
Genting Malaysia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genting Malaysia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genting Malaysia's standard deviation. In reality, there are many statistical measures that can use Genting Malaysia historical prices to predict the future Genting Malaysia's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.8702 |
Genting Malaysia Bhd Backtested Returns
Genting Malaysia Bhd holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Genting Malaysia Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genting Malaysia's Market Risk Adjusted Performance of 0.8802, standard deviation of 1.4, and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Genting Malaysia are expected to decrease at a much lower rate. During the bear market, Genting Malaysia is likely to outperform the market. At this point, Genting Malaysia Bhd has a negative expected return of -0.2%. Please make sure to check out Genting Malaysia's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Genting Malaysia Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Genting Malaysia Bhd has below average predictability. Overlapping area represents the amount of predictability between Genting Malaysia time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Genting Malaysia Bhd price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Genting Malaysia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Genting Malaysia Bhd lagged returns against current returns
Autocorrelation, which is Genting Malaysia 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 Genting Malaysia's stock expected returns. We can calculate the autocorrelation of Genting Malaysia returns to help us make a trade decision. For example, suppose you find that Genting Malaysia 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 |
Genting Malaysia 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 Genting Malaysia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genting Malaysia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genting Malaysia stock over time.
Current vs Lagged Prices |
| Timeline |
Genting Malaysia Lagged Returns
When evaluating Genting Malaysia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genting Malaysia stock have on its future price. Genting Malaysia 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, Genting Malaysia autocorrelation shows the relationship between Genting Malaysia stock current value and its past values and can show if there is a momentum factor associated with investing in Genting Malaysia 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 Genting Stock
Genting Malaysia financial ratios help investors to determine whether Genting 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 Genting with respect to the benefits of owning Genting Malaysia security.