Telekom Malaysia (Malaysia) Market Value
| 4863 Stock | 6.50 0.06 0.93% |
| Symbol | Telekom |
Telekom 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 Telekom 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 Telekom Malaysia.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Telekom Malaysia on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Telekom Malaysia Bhd or generate 0.0% return on investment in Telekom Malaysia over 180 days. Telekom Malaysia is related to or competes with Al Aqar, YTL Hospitality, Central Industrial, Lotte Chemical, PMB Technology, and CB Industrial. More
Telekom 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 Telekom 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 Telekom Malaysia Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.25 |
Telekom Malaysia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telekom Malaysia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telekom Malaysia's standard deviation. In reality, there are many statistical measures that can use Telekom Malaysia historical prices to predict the future Telekom Malaysia's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.4465 |
Telekom Malaysia Bhd Backtested Returns
Telekom Malaysia Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0293, which indicates the firm had a -0.0293% return per unit of risk over the last 3 months. Telekom Malaysia Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Telekom Malaysia's Variance of 0.7386, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,262) to confirm the risk estimate we provide. The entity has a beta of -0.0814, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Telekom Malaysia are expected to decrease at a much lower rate. During the bear market, Telekom Malaysia is likely to outperform the market. At this point, Telekom Malaysia Bhd has a negative expected return of -0.0254%. Please make sure to validate Telekom Malaysia's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Telekom Malaysia Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Telekom Malaysia Bhd has weak reverse predictability. Overlapping area represents the amount of predictability between Telekom Malaysia time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Telekom Malaysia Bhd price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Telekom Malaysia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Telekom Malaysia Bhd lagged returns against current returns
Autocorrelation, which is Telekom 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 Telekom Malaysia's stock expected returns. We can calculate the autocorrelation of Telekom Malaysia returns to help us make a trade decision. For example, suppose you find that Telekom 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 |
Telekom 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 Telekom Malaysia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telekom Malaysia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telekom Malaysia stock over time.
Current vs Lagged Prices |
| Timeline |
Telekom Malaysia Lagged Returns
When evaluating Telekom Malaysia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telekom Malaysia stock have on its future price. Telekom 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, Telekom Malaysia autocorrelation shows the relationship between Telekom Malaysia stock current value and its past values and can show if there is a momentum factor associated with investing in Telekom 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 Telekom Stock
Telekom Malaysia financial ratios help investors to determine whether Telekom 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 Telekom with respect to the benefits of owning Telekom Malaysia security.