Ancom Berhad (Malaysia) Market Value
| 4758 Stock | 1.02 0.01 0.99% |
| Symbol | Ancom |
Ancom Berhad '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 Ancom Berhad'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 Ancom Berhad.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ancom Berhad on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ancom Berhad or generate 0.0% return on investment in Ancom Berhad over 30 days. Ancom Berhad is related to or competes with ES Ceramics, Awanbiru Technology, Rubberex M, Leader Steel, Binasat Communications, Southern Steel, and CSC Steel. More
Ancom Berhad 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 Ancom Berhad'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 Ancom Berhad upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.12 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.06 |
Ancom Berhad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ancom Berhad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ancom Berhad's standard deviation. In reality, there are many statistical measures that can use Ancom Berhad historical prices to predict the future Ancom Berhad's volatility.| Risk Adjusted Performance | 0.0571 | |||
| Jensen Alpha | 0.1102 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.70) |
Ancom Berhad Backtested Returns
As of now, Ancom Stock is very risky. Ancom Berhad secures Sharpe Ratio (or Efficiency) of 0.0813, which signifies that the company had a 0.0813% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ancom Berhad, which you can use to evaluate the volatility of the firm. Please confirm Ancom Berhad's risk adjusted performance of 0.0571, and Mean Deviation of 1.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Ancom Berhad has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ancom Berhad are expected to decrease at a much lower rate. During the bear market, Ancom Berhad is likely to outperform the market. Ancom Berhad right now shows a risk of 1.53%. Please confirm Ancom Berhad mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Ancom Berhad will be following its price patterns.
Auto-correlation | -0.58 |
Good reverse predictability
Ancom Berhad has good reverse predictability. Overlapping area represents the amount of predictability between Ancom Berhad time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Ancom Berhad price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Ancom Berhad price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ancom Berhad lagged returns against current returns
Autocorrelation, which is Ancom Berhad 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 Ancom Berhad's stock expected returns. We can calculate the autocorrelation of Ancom Berhad returns to help us make a trade decision. For example, suppose you find that Ancom Berhad 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 |
Ancom Berhad 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 Ancom Berhad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ancom Berhad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ancom Berhad stock over time.
Current vs Lagged Prices |
| Timeline |
Ancom Berhad Lagged Returns
When evaluating Ancom Berhad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ancom Berhad stock have on its future price. Ancom Berhad 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, Ancom Berhad autocorrelation shows the relationship between Ancom Berhad stock current value and its past values and can show if there is a momentum factor associated with investing in Ancom Berhad.
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 Ancom Stock
Ancom Berhad financial ratios help investors to determine whether Ancom 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 Ancom with respect to the benefits of owning Ancom Berhad security.