Oriental Food (Malaysia) Market Value
| 7107 Stock | 1.69 0.03 1.74% |
| Symbol | Oriental |
Oriental Food '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 Oriental Food'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 Oriental Food.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Oriental Food on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Oriental Food Industries or generate 0.0% return on investment in Oriental Food over 90 days. Oriental Food is related to or competes with Kossan Rubber, Kluang Rubber, British American, Computer Forms, Press Metal, and Media Prima. More
Oriental Food 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 Oriental Food'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 Oriental Food Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 2.89 |
Oriental Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oriental Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oriental Food's standard deviation. In reality, there are many statistical measures that can use Oriental Food historical prices to predict the future Oriental Food's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.61) |
Oriental Food Industries Backtested Returns
Oriental Food Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.038, which implies the firm had a -0.038% return per unit of risk over the last 3 months. Oriental Food Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oriental Food's Variance of 3.05, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,831) to confirm the risk estimate we provide. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oriental Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oriental Food is expected to be smaller as well. At this point, Oriental Food Industries has a negative expected return of -0.0679%. Please make sure to check Oriental Food's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Oriental Food Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Oriental Food Industries has insignificant reverse predictability. Overlapping area represents the amount of predictability between Oriental Food time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Oriental Food Industries price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Oriental Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oriental Food Industries lagged returns against current returns
Autocorrelation, which is Oriental Food 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 Oriental Food's stock expected returns. We can calculate the autocorrelation of Oriental Food returns to help us make a trade decision. For example, suppose you find that Oriental Food 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 |
Oriental Food 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 Oriental Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oriental Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oriental Food stock over time.
Current vs Lagged Prices |
| Timeline |
Oriental Food Lagged Returns
When evaluating Oriental Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oriental Food stock have on its future price. Oriental Food 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, Oriental Food autocorrelation shows the relationship between Oriental Food stock current value and its past values and can show if there is a momentum factor associated with investing in Oriental Food Industries.
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 Oriental Stock
Oriental Food financial ratios help investors to determine whether Oriental 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 Oriental with respect to the benefits of owning Oriental Food security.