HeiTech Padu (Malaysia) Market Value
| 5028 Stock | 3.57 0.07 2.00% |
| Symbol | HeiTech |
HeiTech Padu '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 HeiTech Padu'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 HeiTech Padu.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in HeiTech Padu on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding HeiTech Padu Bhd or generate 0.0% return on investment in HeiTech Padu over 30 days. HeiTech Padu is related to or competes with Dagang Nexchange, Datasonic Group, Awanbiru Technology, Dataprep Holdings, Systech Bhd, Diversified Gateway, and HeiTech Padu. More
HeiTech Padu 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 HeiTech Padu'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 HeiTech Padu Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.14 | |||
| Information Ratio | 0.1653 | |||
| Maximum Drawdown | 44.99 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 11.21 |
HeiTech Padu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HeiTech Padu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HeiTech Padu's standard deviation. In reality, there are many statistical measures that can use HeiTech Padu historical prices to predict the future HeiTech Padu's volatility.| Risk Adjusted Performance | 0.1493 | |||
| Jensen Alpha | 1.19 | |||
| Total Risk Alpha | 0.2987 | |||
| Sortino Ratio | 0.2283 | |||
| Treynor Ratio | (0.71) |
HeiTech Padu Bhd Backtested Returns
HeiTech Padu appears to be very risky, given 3 months investment horizon. HeiTech Padu Bhd holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating HeiTech Padu's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please utilize HeiTech Padu's Market Risk Adjusted Performance of (0.70), downside deviation of 4.14, and Risk Adjusted Performance of 0.1493 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HeiTech Padu holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -1.47, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning HeiTech Padu are expected to decrease by larger amounts. On the other hand, during market turmoil, HeiTech Padu is expected to outperform it. Please check HeiTech Padu's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether HeiTech Padu's current trending patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
HeiTech Padu Bhd has modest reverse predictability. Overlapping area represents the amount of predictability between HeiTech Padu 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 HeiTech Padu Bhd price movement. The serial correlation of -0.46 indicates that about 46.0% of current HeiTech Padu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HeiTech Padu Bhd lagged returns against current returns
Autocorrelation, which is HeiTech Padu 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 HeiTech Padu's stock expected returns. We can calculate the autocorrelation of HeiTech Padu returns to help us make a trade decision. For example, suppose you find that HeiTech Padu 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 |
HeiTech Padu 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 HeiTech Padu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HeiTech Padu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HeiTech Padu stock over time.
Current vs Lagged Prices |
| Timeline |
HeiTech Padu Lagged Returns
When evaluating HeiTech Padu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HeiTech Padu stock have on its future price. HeiTech Padu 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, HeiTech Padu autocorrelation shows the relationship between HeiTech Padu stock current value and its past values and can show if there is a momentum factor associated with investing in HeiTech Padu 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 HeiTech Stock
HeiTech Padu financial ratios help investors to determine whether HeiTech 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 HeiTech with respect to the benefits of owning HeiTech Padu security.