Al Aqar (Malaysia) Market Value
| 5116 Stock | 1.40 0.04 2.94% |
| Symbol | 5116 |
Al Aqar '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 Al Aqar'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 Al Aqar.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Al Aqar on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Al Aqar Healthcare or generate 0.0% return on investment in Al Aqar over 30 days. Al Aqar is related to or competes with Petronas Chemicals, TAS Offshore, Senheng New, and MClean Technologies. More
Al Aqar 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 Al Aqar'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 Al Aqar Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 2.17 |
Al Aqar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Al Aqar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Al Aqar's standard deviation. In reality, there are many statistical measures that can use Al Aqar historical prices to predict the future Al Aqar's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.1171 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.29) |
Al Aqar Healthcare Backtested Returns
As of now, 5116 Stock is moderately volatile. Al Aqar Healthcare retains Efficiency (Sharpe Ratio) of 0.14, which signifies that the company had a 0.14% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for Al Aqar, which you can use to evaluate the volatility of the firm. Please confirm Al Aqar's Standard Deviation of 0.9717, coefficient of variation of 1035.7, and Market Risk Adjusted Performance of (0.28) to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Al Aqar has a performance score of 11 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Al Aqar are expected to decrease at a much lower rate. During the bear market, Al Aqar is likely to outperform the market. Al Aqar Healthcare at this moment owns a risk of 0.85%. Please confirm Al Aqar Healthcare semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Al Aqar Healthcare will be following its current price history.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Al Aqar Healthcare has insignificant reverse predictability. Overlapping area represents the amount of predictability between Al Aqar time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Al Aqar Healthcare price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Al Aqar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Al Aqar Healthcare lagged returns against current returns
Autocorrelation, which is Al Aqar 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 Al Aqar's stock expected returns. We can calculate the autocorrelation of Al Aqar returns to help us make a trade decision. For example, suppose you find that Al Aqar 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 |
Al Aqar 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 Al Aqar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Al Aqar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Al Aqar stock over time.
Current vs Lagged Prices |
| Timeline |
Al Aqar Lagged Returns
When evaluating Al Aqar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Al Aqar stock have on its future price. Al Aqar 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, Al Aqar autocorrelation shows the relationship between Al Aqar stock current value and its past values and can show if there is a momentum factor associated with investing in Al Aqar Healthcare.
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 5116 Stock
Al Aqar financial ratios help investors to determine whether 5116 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 5116 with respect to the benefits of owning Al Aqar security.