PESTECH International (Malaysia) Market Value
| 5219 Stock | 0.12 0.01 7.69% |
| Symbol | PESTECH |
PESTECH International '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 PESTECH International'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 PESTECH International.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in PESTECH International on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding PESTECH International Bhd or generate 0.0% return on investment in PESTECH International over 30 days. PESTECH International is related to or competes with Datasonic Group, Shangri La, Binasat Communications, KPJ Healthcare, and Sports Toto. More
PESTECH International 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 PESTECH International'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 PESTECH International Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 18.75 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 7.69 |
PESTECH International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PESTECH International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PESTECH International's standard deviation. In reality, there are many statistical measures that can use PESTECH International historical prices to predict the future PESTECH International's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | (11.92) |
PESTECH International Bhd Backtested Returns
PESTECH International Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.0953, which implies the firm had a -0.0953% return per unit of standard deviation over the last 3 months. PESTECH International Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PESTECH International's Coefficient Of Variation of (787.40), risk adjusted performance of (0.09), and Market Risk Adjusted Performance of (11.91) to confirm the risk estimate we provide. The company holds a Beta of 0.0501, which implies not very significant fluctuations relative to the market. As returns on the market increase, PESTECH International's returns are expected to increase less than the market. However, during the bear market, the loss of holding PESTECH International is expected to be smaller as well. At this point, PESTECH International Bhd has a negative expected return of -0.44%. Please make sure to check PESTECH International's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if PESTECH International Bhd performance from the past will be repeated at future time.
Auto-correlation | -0.05 |
Very weak reverse predictability
PESTECH International Bhd has very weak reverse predictability. Overlapping area represents the amount of predictability between PESTECH International 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 PESTECH International Bhd price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current PESTECH International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PESTECH International Bhd lagged returns against current returns
Autocorrelation, which is PESTECH International 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 PESTECH International's stock expected returns. We can calculate the autocorrelation of PESTECH International returns to help us make a trade decision. For example, suppose you find that PESTECH International 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 |
PESTECH International 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 PESTECH International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PESTECH International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PESTECH International stock over time.
Current vs Lagged Prices |
| Timeline |
PESTECH International Lagged Returns
When evaluating PESTECH International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PESTECH International stock have on its future price. PESTECH International 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, PESTECH International autocorrelation shows the relationship between PESTECH International stock current value and its past values and can show if there is a momentum factor associated with investing in PESTECH International 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 PESTECH Stock
PESTECH International financial ratios help investors to determine whether PESTECH 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 PESTECH with respect to the benefits of owning PESTECH International security.