CSC Steel (Malaysia) Market Value
| 5094 Stock | 1.18 0.01 0.84% |
| Symbol | CSC |
CSC Steel '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 CSC Steel'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 CSC Steel.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in CSC Steel on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding CSC Steel Holdings or generate 0.0% return on investment in CSC Steel over 720 days. CSC Steel is related to or competes with Press Metal, and Eonmetall Group. More
CSC Steel 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 CSC Steel'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 CSC Steel Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.68 |
CSC Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSC Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSC Steel's standard deviation. In reality, there are many statistical measures that can use CSC Steel historical prices to predict the future CSC Steel's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.77) |
CSC Steel Holdings Backtested Returns
CSC Steel Holdings retains Efficiency (Sharpe Ratio) of -0.0759, which signifies that the company had a -0.0759% return per unit of risk over the last 3 months. CSC Steel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSC Steel's market risk adjusted performance of (0.76), and Variance of 1.07 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CSC Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSC Steel is expected to be smaller as well. At this point, CSC Steel Holdings has a negative expected return of -0.0751%. Please make sure to confirm CSC Steel's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if CSC Steel Holdings performance from the past will be repeated in the future.
Auto-correlation | -0.35 |
Poor reverse predictability
CSC Steel Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between CSC Steel time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 CSC Steel Holdings price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current CSC Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CSC Steel Holdings lagged returns against current returns
Autocorrelation, which is CSC Steel 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 CSC Steel's stock expected returns. We can calculate the autocorrelation of CSC Steel returns to help us make a trade decision. For example, suppose you find that CSC Steel 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 |
CSC Steel 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 CSC Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSC Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSC Steel stock over time.
Current vs Lagged Prices |
| Timeline |
CSC Steel Lagged Returns
When evaluating CSC Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSC Steel stock have on its future price. CSC Steel 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, CSC Steel autocorrelation shows the relationship between CSC Steel stock current value and its past values and can show if there is a momentum factor associated with investing in CSC Steel Holdings.
Regressed Prices |
| Timeline |
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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 CSC Stock
CSC Steel financial ratios help investors to determine whether CSC 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 CSC with respect to the benefits of owning CSC Steel security.