Shangri La (Malaysia) Market Value
| 5517 Stock | 1.99 0.03 1.49% |
| Symbol | Shangri |
Shangri La '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 Shangri La'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 Shangri La.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Shangri La on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Shangri La Hotels or generate 0.0% return on investment in Shangri La over 30 days. Shangri La is related to or competes with Minetech Resources, Sunzen Biotech, ViTrox Bhd, Hengyuan Refining, Impiana Hotels, and Icon Offshore. More
Shangri La 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 Shangri La'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 Shangri La Hotels upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.51 |
Shangri La Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shangri La's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shangri La's standard deviation. In reality, there are many statistical measures that can use Shangri La historical prices to predict the future Shangri La's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (1.45) |
Shangri La Hotels Backtested Returns
Shangri La Hotels owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.071, which indicates the firm had a -0.071% return per unit of risk over the last 3 months. Shangri La Hotels exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shangri La's Coefficient Of Variation of (1,808), risk adjusted performance of (0.04), and Variance of 1.18 to confirm the risk estimate we provide. The entity has a beta of 0.0483, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shangri La's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shangri La is expected to be smaller as well. At this point, Shangri La Hotels has a negative expected return of -0.0804%. Please make sure to validate Shangri La's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Shangri La Hotels performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Shangri La Hotels has weak predictability. Overlapping area represents the amount of predictability between Shangri La time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Shangri La Hotels price movement. The serial correlation of 0.24 indicates that over 24.0% of current Shangri La price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shangri La Hotels lagged returns against current returns
Autocorrelation, which is Shangri La 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 Shangri La's stock expected returns. We can calculate the autocorrelation of Shangri La returns to help us make a trade decision. For example, suppose you find that Shangri La 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 |
Shangri La 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 Shangri La stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shangri La stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shangri La stock over time.
Current vs Lagged Prices |
| Timeline |
Shangri La Lagged Returns
When evaluating Shangri La's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shangri La stock have on its future price. Shangri La 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, Shangri La autocorrelation shows the relationship between Shangri La stock current value and its past values and can show if there is a momentum factor associated with investing in Shangri La Hotels.
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 Shangri Stock
Shangri La financial ratios help investors to determine whether Shangri 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 Shangri with respect to the benefits of owning Shangri La security.