Tenaga Nasional's market value is the price at which a share of Tenaga Nasional trades on a public exchange. It measures the collective expectations of Tenaga Nasional Bhd investors about its performance. Tenaga Nasional is selling for 13.60 as of the 18th of January 2025. This is a 3.66 percent increase since the beginning of the trading day. The stock's lowest day price was 13.16. With this module, you can estimate the performance of a buy and hold strategy of Tenaga Nasional Bhd and determine expected loss or profit from investing in Tenaga Nasional over a given investment horizon. Check out Tenaga Nasional Correlation, Tenaga Nasional Volatility and Tenaga Nasional Alpha and Beta module to complement your research on Tenaga Nasional.
Please note, there is a significant difference between Tenaga Nasional's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenaga Nasional is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenaga Nasional's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tenaga Nasional '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 Tenaga Nasional'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 Tenaga Nasional.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tenaga Nasional'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 Tenaga Nasional 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 Tenaga Nasional's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tenaga Nasional's standard deviation. In reality, there are many statistical measures that can use Tenaga Nasional historical prices to predict the future Tenaga Nasional's volatility.
Tenaga Nasional Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0759, which indicates the firm had a -0.0759% return per unit of risk over the last 3 months. Tenaga Nasional Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tenaga Nasional's Coefficient Of Variation of (1,552), variance of 1.94, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tenaga Nasional are expected to decrease at a much lower rate. During the bear market, Tenaga Nasional is likely to outperform the market. At this point, Tenaga Nasional Bhd has a negative expected return of -0.11%. Please make sure to validate Tenaga Nasional's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Tenaga Nasional Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.73
Almost perfect reverse predictability
Tenaga Nasional Bhd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Tenaga Nasional time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tenaga Nasional Bhd price movement. The serial correlation of -0.73 indicates that around 73.0% of current Tenaga Nasional price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.73
Spearman Rank Test
-0.81
Residual Average
0.0
Price Variance
0.2
Tenaga Nasional Bhd lagged returns against current returns
Autocorrelation, which is Tenaga Nasional 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 Tenaga Nasional's stock expected returns. We can calculate the autocorrelation of Tenaga Nasional returns to help us make a trade decision. For example, suppose you find that Tenaga Nasional 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
Tenaga Nasional 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 Tenaga Nasional stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tenaga Nasional stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tenaga Nasional stock over time.
Current vs Lagged Prices
Timeline
Tenaga Nasional Lagged Returns
When evaluating Tenaga Nasional's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tenaga Nasional stock have on its future price. Tenaga Nasional 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, Tenaga Nasional autocorrelation shows the relationship between Tenaga Nasional stock current value and its past values and can show if there is a momentum factor associated with investing in Tenaga Nasional 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.
Tenaga Nasional financial ratios help investors to determine whether Tenaga 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 Tenaga with respect to the benefits of owning Tenaga Nasional security.