Sunway Bhd's market value is the price at which a share of Sunway Bhd trades on a public exchange. It measures the collective expectations of Sunway Bhd investors about its performance. Sunway Bhd is selling for 4.85 as of the 1st of December 2024. This is a 1.02 percent decrease since the beginning of the trading day. The stock's lowest day price was 4.79. With this module, you can estimate the performance of a buy and hold strategy of Sunway Bhd and determine expected loss or profit from investing in Sunway 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
Sunway
Sunway 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 Sunway 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 Sunway Bhd.
0.00
11/01/2024
No Change 0.00
0.0
In 30 days
12/01/2024
0.00
If you would invest 0.00 in Sunway Bhd on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sunway Bhd or generate 0.0% return on investment in Sunway Bhd over 30 days.
Sunway 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 Sunway 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 Sunway 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 Sunway Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunway Bhd's standard deviation. In reality, there are many statistical measures that can use Sunway Bhd historical prices to predict the future Sunway Bhd's volatility.
Sunway Bhd appears to be somewhat reliable, given 3 months investment horizon. Sunway Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sunway Bhd, which you can use to evaluate the volatility of the company. Please review Sunway Bhd's Semi Deviation of 1.55, risk adjusted performance of 0.1294, and Coefficient Of Variation of 617.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sunway Bhd holds a performance score of 13. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunway Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunway Bhd is expected to be smaller as well. Please check Sunway Bhd's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sunway Bhd's existing price patterns will revert.
Auto-correlation
0.59
Modest predictability
Sunway Bhd has modest predictability. Overlapping area represents the amount of predictability between Sunway Bhd 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 Sunway Bhd price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Sunway Bhd price fluctuation can be explain by its past prices.
Correlation Coefficient
0.59
Spearman Rank Test
0.31
Residual Average
0.0
Price Variance
0.01
Sunway Bhd lagged returns against current returns
Autocorrelation, which is Sunway 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 Sunway Bhd's stock expected returns. We can calculate the autocorrelation of Sunway Bhd returns to help us make a trade decision. For example, suppose you find that Sunway 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
Sunway 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 Sunway Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunway Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunway Bhd stock over time.
Current vs Lagged Prices
Timeline
Sunway Bhd Lagged Returns
When evaluating Sunway Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunway Bhd stock have on its future price. Sunway 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, Sunway Bhd autocorrelation shows the relationship between Sunway Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Sunway 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.