Dnonce Tech (Malaysia) Market Value
| 7114 Stock | 0.05 0.01 11.11% |
| Symbol | Dnonce |
Dnonce Tech '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 Dnonce Tech'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 Dnonce Tech.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Dnonce Tech on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dnonce Tech Bhd or generate 0.0% return on investment in Dnonce Tech over 60 days. Dnonce Tech is related to or competes with Alliance Financial, Greatech Technology, Malayan Banking, Hong Leong, MyTech Group, and Privasia Technology. More
Dnonce Tech 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 Dnonce Tech'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 Dnonce Tech Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Dnonce Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dnonce Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dnonce Tech's standard deviation. In reality, there are many statistical measures that can use Dnonce Tech historical prices to predict the future Dnonce Tech's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | 0.8633 |
Dnonce Tech Bhd Backtested Returns
Dnonce Tech Bhd secures Sharpe Ratio (or Efficiency) of -0.0206, which denotes the company had a -0.0206% return per unit of risk over the last 3 months. Dnonce Tech Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dnonce Tech's Mean Deviation of 1.8, variance of 15.1, and Standard Deviation of 3.89 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dnonce Tech are expected to decrease at a much lower rate. During the bear market, Dnonce Tech is likely to outperform the market. At this point, Dnonce Tech Bhd has a negative expected return of -0.0798%. Please make sure to confirm Dnonce Tech's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Dnonce Tech Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Dnonce Tech Bhd has weak reverse predictability. Overlapping area represents the amount of predictability between Dnonce Tech time series from 27th of September 2024 to 27th of October 2024 and 27th 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 Dnonce Tech Bhd price movement. The serial correlation of -0.25 indicates that over 25.0% of current Dnonce Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dnonce Tech Bhd lagged returns against current returns
Autocorrelation, which is Dnonce Tech 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 Dnonce Tech's stock expected returns. We can calculate the autocorrelation of Dnonce Tech returns to help us make a trade decision. For example, suppose you find that Dnonce Tech 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 |
Dnonce Tech 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 Dnonce Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dnonce Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dnonce Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Dnonce Tech Lagged Returns
When evaluating Dnonce Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dnonce Tech stock have on its future price. Dnonce Tech 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, Dnonce Tech autocorrelation shows the relationship between Dnonce Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Dnonce Tech 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.Other Information on Investing in Dnonce Stock
Dnonce Tech financial ratios help investors to determine whether Dnonce 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 Dnonce with respect to the benefits of owning Dnonce Tech security.