Protasco Bhd (Malaysia) Market Value
| 5070 Stock | 0.22 0.01 4.35% |
| Symbol | Protasco |
Protasco 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 Protasco 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 Protasco Bhd.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Protasco Bhd on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Protasco Bhd or generate 0.0% return on investment in Protasco Bhd over 510 days. Protasco Bhd is related to or competes with Malayan Banking, Duopharma Biotech, Magni Tech, Sunzen Biotech, and Datasonic Group. More
Protasco 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 Protasco 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 Protasco Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 14.29 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.17 |
Protasco Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Protasco Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Protasco Bhd's standard deviation. In reality, there are many statistical measures that can use Protasco Bhd historical prices to predict the future Protasco Bhd's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.71) |
Protasco Bhd Backtested Returns
Protasco Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Protasco Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Protasco Bhd's Risk Adjusted Performance of (0.10), variance of 8.73, and Coefficient Of Variation of (694.37) to confirm the risk estimate we provide. The company holds a Beta of 0.61, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Protasco Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Protasco Bhd is expected to be smaller as well. At this point, Protasco Bhd has a negative expected return of -0.35%. Please make sure to check Protasco Bhd's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Protasco Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Protasco Bhd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Protasco Bhd time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Protasco Bhd price movement. The serial correlation of -0.19 indicates that over 19.0% of current Protasco Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Protasco Bhd lagged returns against current returns
Autocorrelation, which is Protasco 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 Protasco Bhd's stock expected returns. We can calculate the autocorrelation of Protasco Bhd returns to help us make a trade decision. For example, suppose you find that Protasco 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 |
Protasco 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 Protasco Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Protasco Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Protasco Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Protasco Bhd Lagged Returns
When evaluating Protasco Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Protasco Bhd stock have on its future price. Protasco 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, Protasco Bhd autocorrelation shows the relationship between Protasco Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Protasco 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 Protasco Stock
Protasco Bhd financial ratios help investors to determine whether Protasco 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 Protasco with respect to the benefits of owning Protasco Bhd security.