Senheng New (Malaysia) Market Value
| 5305 Stock | 0.24 0.00 0.00% |
| Symbol | Senheng |
Senheng New '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 Senheng New'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 Senheng New.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Senheng New on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Senheng New Retail or generate 0.0% return on investment in Senheng New over 60 days. Senheng New is related to or competes with PMB Technology, Press Metal, Computer Forms, Malayan Banking, and K One. More
Senheng New 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 Senheng New'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 Senheng New Retail upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.17 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.0 |
Senheng New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Senheng New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Senheng New's standard deviation. In reality, there are many statistical measures that can use Senheng New historical prices to predict the future Senheng New's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.8078 |
Senheng New Retail Backtested Returns
Senheng New Retail owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0998, which indicates the firm had a -0.0998% return per unit of risk over the last 3 months. Senheng New Retail exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Senheng New's Variance of 5.09, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,084) to confirm the risk estimate we provide. The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Senheng New are expected to decrease at a much lower rate. During the bear market, Senheng New is likely to outperform the market. At this point, Senheng New Retail has a negative expected return of -0.22%. Please make sure to validate Senheng New's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Senheng New Retail performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Senheng New Retail has insignificant reverse predictability. Overlapping area represents the amount of predictability between Senheng New time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Senheng New Retail price movement. The serial correlation of -0.18 indicates that over 18.0% of current Senheng New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Senheng New Retail lagged returns against current returns
Autocorrelation, which is Senheng New 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 Senheng New's stock expected returns. We can calculate the autocorrelation of Senheng New returns to help us make a trade decision. For example, suppose you find that Senheng New 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 |
Senheng New 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 Senheng New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Senheng New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Senheng New stock over time.
Current vs Lagged Prices |
| Timeline |
Senheng New Lagged Returns
When evaluating Senheng New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Senheng New stock have on its future price. Senheng New 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, Senheng New autocorrelation shows the relationship between Senheng New stock current value and its past values and can show if there is a momentum factor associated with investing in Senheng New Retail.
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 Senheng Stock
Senheng New financial ratios help investors to determine whether Senheng 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 Senheng with respect to the benefits of owning Senheng New security.