MyNEWS Holdings' market value is the price at which a share of MyNEWS Holdings trades on a public exchange. It measures the collective expectations of myNEWS Holdings Bhd investors about its performance. MyNEWS Holdings is selling for 0.66 as of the 1st of December 2024. This is a 3.13 percent increase since the beginning of the trading day. The stock's lowest day price was 0.63. With this module, you can estimate the performance of a buy and hold strategy of myNEWS Holdings Bhd and determine expected loss or profit from investing in MyNEWS Holdings 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
MyNEWS
MyNEWS 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 MyNEWS 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 MyNEWS Holdings.
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 MyNEWS Holdings on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding myNEWS Holdings Bhd or generate 0.0% return on investment in MyNEWS Holdings over 30 days.
MyNEWS 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 MyNEWS 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 myNEWS Holdings 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 MyNEWS Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MyNEWS Holdings' standard deviation. In reality, there are many statistical measures that can use MyNEWS Holdings historical prices to predict the future MyNEWS Holdings' volatility.
As of now, MyNEWS Stock is dangerous. myNEWS Holdings Bhd has Sharpe Ratio of 0.0813, which conveys that the firm had a 0.0813% return per unit of volatility over the last 3 months. We have found thirty technical indicators for MyNEWS Holdings, which you can use to evaluate the volatility of the firm. Please verify MyNEWS Holdings' downside deviation of 2.1, and Risk Adjusted Performance of 0.102 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. MyNEWS Holdings has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MyNEWS Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding MyNEWS Holdings is expected to be smaller as well. myNEWS Holdings Bhd right now secures a risk of 1.68%. Please verify myNEWS Holdings Bhd standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if myNEWS Holdings Bhd will be following its current price movements.
Auto-correlation
0.50
Modest predictability
myNEWS Holdings Bhd has modest predictability. Overlapping area represents the amount of predictability between MyNEWS 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 myNEWS Holdings Bhd price movement. The serial correlation of 0.5 indicates that about 50.0% of current MyNEWS Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient
0.5
Spearman Rank Test
0.89
Residual Average
0.0
Price Variance
0.0
myNEWS Holdings Bhd lagged returns against current returns
Autocorrelation, which is MyNEWS 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 MyNEWS Holdings' stock expected returns. We can calculate the autocorrelation of MyNEWS Holdings returns to help us make a trade decision. For example, suppose you find that MyNEWS 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
MyNEWS 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 MyNEWS Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MyNEWS Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MyNEWS Holdings stock over time.
Current vs Lagged Prices
Timeline
MyNEWS Holdings Lagged Returns
When evaluating MyNEWS Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MyNEWS Holdings stock have on its future price. MyNEWS 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, MyNEWS Holdings autocorrelation shows the relationship between MyNEWS Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in myNEWS Holdings Bhd.
Regressed Prices
Timeline
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