Meridian Bhd (Malaysia) Market Value
| 5040 Stock | 0.06 0.01 20.00% |
| Symbol | Meridian |
Meridian Bhd '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 Meridian Bhd'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 Meridian Bhd.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Meridian Bhd on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Meridian Bhd or generate 0.0% return on investment in Meridian Bhd over 210 days. Meridian Bhd is related to or competes with PMB Technology, ES Ceramics, Eonmetall Group, Binasat Communications, JF Technology, and BP Plastics. More
Meridian Bhd 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 Meridian Bhd'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 Meridian Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.46 | |||
| Information Ratio | 0.0744 | |||
| Maximum Drawdown | 77.27 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Meridian Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meridian Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meridian Bhd's standard deviation. In reality, there are many statistical measures that can use Meridian Bhd historical prices to predict the future Meridian Bhd's volatility.| Risk Adjusted Performance | 0.0739 | |||
| Jensen Alpha | 1.38 | |||
| Total Risk Alpha | (1.16) | |||
| Sortino Ratio | 0.056 | |||
| Treynor Ratio | (0.67) |
Meridian Bhd Backtested Returns
Meridian Bhd is out of control given 3 months investment horizon. Meridian Bhd has Sharpe Ratio of 0.0863, which conveys that the firm had a 0.0863% return per unit of risk over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use Meridian Bhd Risk Adjusted Performance of 0.0739, downside deviation of 18.46, and Mean Deviation of 8.29 to evaluate company specific risk that cannot be diversified away. Meridian Bhd holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.72, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Meridian Bhd are expected to decrease by larger amounts. On the other hand, during market turmoil, Meridian Bhd is expected to outperform it. Use Meridian Bhd jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to analyze future returns on Meridian Bhd.
Auto-correlation | 0.25 |
Poor predictability
Meridian Bhd has poor predictability. Overlapping area represents the amount of predictability between Meridian Bhd time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 Meridian Bhd price movement. The serial correlation of 0.25 indicates that over 25.0% of current Meridian Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Meridian Bhd lagged returns against current returns
Autocorrelation, which is Meridian Bhd 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 Meridian Bhd's stock expected returns. We can calculate the autocorrelation of Meridian Bhd returns to help us make a trade decision. For example, suppose you find that Meridian Bhd 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 |
Meridian Bhd 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 Meridian Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meridian Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meridian Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Meridian Bhd Lagged Returns
When evaluating Meridian Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meridian Bhd stock have on its future price. Meridian Bhd 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, Meridian Bhd autocorrelation shows the relationship between Meridian Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Meridian 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 Meridian Stock
Meridian Bhd financial ratios help investors to determine whether Meridian 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 Meridian with respect to the benefits of owning Meridian Bhd security.