Hibiscus Petroleum (Malaysia) Market Value
| 5199 Stock | 2.03 0.03 1.50% |
| Symbol | Hibiscus |
Hibiscus Petroleum '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 Hibiscus Petroleum'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 Hibiscus Petroleum.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hibiscus Petroleum on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Hibiscus Petroleum BHD or generate 0.0% return on investment in Hibiscus Petroleum over 90 days. Hibiscus Petroleum is related to or competes with Choo Bee, YTL Hospitality, Melewar Industrial, and IHH Healthcare. More
Hibiscus Petroleum 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 Hibiscus Petroleum'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 Hibiscus Petroleum BHD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.57 |
Hibiscus Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hibiscus Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hibiscus Petroleum's standard deviation. In reality, there are many statistical measures that can use Hibiscus Petroleum historical prices to predict the future Hibiscus Petroleum's volatility.| Risk Adjusted Performance | (0.0002) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.1678 |
Hibiscus Petroleum BHD Backtested Returns
Hibiscus Petroleum BHD holds Efficiency (Sharpe) Ratio of -0.037, which attests that the entity had a -0.037% return per unit of risk over the last 3 months. Hibiscus Petroleum BHD exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hibiscus Petroleum's Market Risk Adjusted Performance of 0.1778, risk adjusted performance of (0.0002), and Standard Deviation of 2.22 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hibiscus Petroleum are expected to decrease at a much lower rate. During the bear market, Hibiscus Petroleum is likely to outperform the market. At this point, Hibiscus Petroleum BHD has a negative expected return of -0.0817%. Please make sure to check out Hibiscus Petroleum's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Hibiscus Petroleum BHD performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Hibiscus Petroleum BHD has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hibiscus Petroleum time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Hibiscus Petroleum BHD price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Hibiscus Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hibiscus Petroleum BHD lagged returns against current returns
Autocorrelation, which is Hibiscus Petroleum 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 Hibiscus Petroleum's stock expected returns. We can calculate the autocorrelation of Hibiscus Petroleum returns to help us make a trade decision. For example, suppose you find that Hibiscus Petroleum 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 |
Hibiscus Petroleum 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 Hibiscus Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hibiscus Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hibiscus Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Hibiscus Petroleum Lagged Returns
When evaluating Hibiscus Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hibiscus Petroleum stock have on its future price. Hibiscus Petroleum 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, Hibiscus Petroleum autocorrelation shows the relationship between Hibiscus Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Hibiscus Petroleum 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 Hibiscus Stock
Hibiscus Petroleum financial ratios help investors to determine whether Hibiscus 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 Hibiscus with respect to the benefits of owning Hibiscus Petroleum security.