Awanbiru Technology (Malaysia) Market Value
| 5204 Stock | 0.31 0.01 3.13% |
| Symbol | Awanbiru |
Awanbiru Technology '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 Awanbiru Technology'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 Awanbiru Technology.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Awanbiru Technology on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Awanbiru Technology Bhd or generate 0.0% return on investment in Awanbiru Technology over 30 days. Awanbiru Technology is related to or competes with Kluang Rubber, Daya Materials, Press Metal, Kawan Food, Riverview Rubber, Aeon Credit, and Mycron Steel. More
Awanbiru Technology 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 Awanbiru Technology'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 Awanbiru Technology Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.13 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 5.71 |
Awanbiru Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Awanbiru Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Awanbiru Technology's standard deviation. In reality, there are many statistical measures that can use Awanbiru Technology historical prices to predict the future Awanbiru Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.35) |
Awanbiru Technology Bhd Backtested Returns
Awanbiru Technology Bhd secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of standard deviation over the last 3 months. Awanbiru Technology Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Awanbiru Technology's risk adjusted performance of (0.07), and Mean Deviation of 1.98 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Awanbiru Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Awanbiru Technology is expected to be smaller as well. At this point, Awanbiru Technology Bhd has a negative expected return of -0.28%. Please make sure to confirm Awanbiru Technology's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Awanbiru Technology Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Awanbiru Technology Bhd has good reverse predictability. Overlapping area represents the amount of predictability between Awanbiru Technology time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Awanbiru Technology Bhd price movement. The serial correlation of -0.52 indicates that about 52.0% of current Awanbiru Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Awanbiru Technology Bhd lagged returns against current returns
Autocorrelation, which is Awanbiru Technology 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 Awanbiru Technology's stock expected returns. We can calculate the autocorrelation of Awanbiru Technology returns to help us make a trade decision. For example, suppose you find that Awanbiru Technology 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 |
Awanbiru Technology 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 Awanbiru Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Awanbiru Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Awanbiru Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Awanbiru Technology Lagged Returns
When evaluating Awanbiru Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Awanbiru Technology stock have on its future price. Awanbiru Technology 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, Awanbiru Technology autocorrelation shows the relationship between Awanbiru Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Awanbiru Technology 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 Awanbiru Stock
Awanbiru Technology financial ratios help investors to determine whether Awanbiru 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 Awanbiru with respect to the benefits of owning Awanbiru Technology security.