Hartalega Holdings (Malaysia) Market Value
| 5168 Stock | 3.52 0.03 0.86% |
| Symbol | Hartalega |
Hartalega Holdings '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 Hartalega Holdings' 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 Hartalega Holdings.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Hartalega Holdings on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Hartalega Holdings Bhd or generate 0.0% return on investment in Hartalega Holdings over 30 days. Hartalega Holdings is related to or competes with Kossan Rubber, Minetech Resources, Sunzen Biotech, Hengyuan Refining, Impiana Hotels, and AMMB Holdings. More
Hartalega Holdings 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 Hartalega Holdings' 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 Hartalega Holdings Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.1111 | |||
| Maximum Drawdown | 40.04 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.66 |
Hartalega Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartalega Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartalega Holdings' standard deviation. In reality, there are many statistical measures that can use Hartalega Holdings historical prices to predict the future Hartalega Holdings' volatility.| Risk Adjusted Performance | 0.1173 | |||
| Jensen Alpha | 0.6718 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1755 | |||
| Treynor Ratio | (1.29) |
Hartalega Holdings Bhd Backtested Returns
Hartalega Holdings appears to be very risky, given 3 months investment horizon. Hartalega Holdings Bhd holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Hartalega Holdings' technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Hartalega Holdings' Risk Adjusted Performance of 0.1173, market risk adjusted performance of (1.28), and Downside Deviation of 2.76 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hartalega Holdings holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hartalega Holdings are expected to decrease at a much lower rate. During the bear market, Hartalega Holdings is likely to outperform the market. Please check Hartalega Holdings' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Hartalega Holdings' current trending patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Hartalega Holdings Bhd has below average predictability. Overlapping area represents the amount of predictability between Hartalega Holdings time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Hartalega Holdings Bhd price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Hartalega Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hartalega Holdings Bhd lagged returns against current returns
Autocorrelation, which is Hartalega Holdings 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 Hartalega Holdings' stock expected returns. We can calculate the autocorrelation of Hartalega Holdings returns to help us make a trade decision. For example, suppose you find that Hartalega Holdings 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 |
Hartalega Holdings 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 Hartalega Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartalega Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hartalega Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Hartalega Holdings Lagged Returns
When evaluating Hartalega Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartalega Holdings stock have on its future price. Hartalega Holdings 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, Hartalega Holdings autocorrelation shows the relationship between Hartalega Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Hartalega Holdings 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 Hartalega Stock
Hartalega Holdings financial ratios help investors to determine whether Hartalega 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 Hartalega with respect to the benefits of owning Hartalega Holdings security.