Deleum Bhd's market value is the price at which a share of Deleum Bhd trades on a public exchange. It measures the collective expectations of Deleum Bhd investors about its performance. Deleum Bhd is selling for 1.43 as of the 30th of November 2024. This is a 0.70 percent increase since the beginning of the trading day. The stock's lowest day price was 1.42. With this module, you can estimate the performance of a buy and hold strategy of Deleum Bhd and determine expected loss or profit from investing in Deleum Bhd over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Deleum
Deleum 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 Deleum 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 Deleum Bhd.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in Deleum Bhd on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Deleum Bhd or generate 0.0% return on investment in Deleum Bhd over 30 days.
Deleum 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 Deleum 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 Deleum Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deleum Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deleum Bhd's standard deviation. In reality, there are many statistical measures that can use Deleum Bhd historical prices to predict the future Deleum Bhd's volatility.
As of now, Deleum Stock is very risky. Deleum Bhd secures Sharpe Ratio (or Efficiency) of 0.0297, which denotes the company had a 0.0297% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Deleum Bhd, which you can use to evaluate the volatility of the firm. Please confirm Deleum Bhd's Coefficient Of Variation of 3974.26, mean deviation of 2.17, and Downside Deviation of 2.56 to check if the risk estimate we provide is consistent with the expected return of 0.0838%. Deleum Bhd has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Deleum Bhd are expected to decrease at a much lower rate. During the bear market, Deleum Bhd is likely to outperform the market. Deleum Bhd right now shows a risk of 2.82%. Please confirm Deleum Bhd coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Deleum Bhd will be following its price patterns.
Auto-correlation
-0.22
Weak reverse predictability
Deleum Bhd has weak reverse predictability. Overlapping area represents the amount of predictability between Deleum Bhd time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Deleum Bhd price movement. The serial correlation of -0.22 indicates that over 22.0% of current Deleum Bhd price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.22
Spearman Rank Test
-0.44
Residual Average
0.0
Price Variance
0.0
Deleum Bhd lagged returns against current returns
Autocorrelation, which is Deleum 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 Deleum Bhd's stock expected returns. We can calculate the autocorrelation of Deleum Bhd returns to help us make a trade decision. For example, suppose you find that Deleum 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
Deleum 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 Deleum Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deleum Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deleum Bhd stock over time.
Current vs Lagged Prices
Timeline
Deleum Bhd Lagged Returns
When evaluating Deleum Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deleum Bhd stock have on its future price. Deleum 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, Deleum Bhd autocorrelation shows the relationship between Deleum Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Deleum Bhd.
Regressed Prices
Timeline
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