PMB Technology (Malaysia) Market Value
| 7172 Stock | 1.77 0.02 1.14% |
| Symbol | PMB |
PMB Technology '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 PMB Technology'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 PMB Technology.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in PMB Technology on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding PMB Technology Bhd or generate 0.0% return on investment in PMB Technology over 600 days. PMB Technology is related to or competes with Tex Cycle, Aeon Credit, Public Bank, Alliance Financial, Choo Bee, and Icon Offshore. More
PMB Technology 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 PMB Technology'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 PMB Technology Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.05 | |||
| Value At Risk | (6.07) | |||
| Potential Upside | 6.42 |
PMB Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PMB Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PMB Technology's standard deviation. In reality, there are many statistical measures that can use PMB Technology historical prices to predict the future PMB Technology's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (2.02) |
PMB Technology Bhd Backtested Returns
PMB Technology Bhd retains Efficiency (Sharpe Ratio) of -0.0372, which implies the firm had a -0.0372% return per unit of risk over the last 3 months. PMB Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PMB Technology's market risk adjusted performance of (2.01), and Coefficient Of Variation of (13,551) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0176, which implies not very significant fluctuations relative to the market. As returns on the market increase, PMB Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding PMB Technology is expected to be smaller as well. At this point, PMB Technology Bhd has a negative expected return of -0.13%. Please make sure to check PMB Technology's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if PMB Technology Bhd performance from the past will be repeated in the future.
Auto-correlation | 0.88 |
Very good predictability
PMB Technology Bhd has very good predictability. Overlapping area represents the amount of predictability between PMB Technology time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 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 PMB Technology Bhd price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current PMB Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
PMB Technology Bhd lagged returns against current returns
Autocorrelation, which is PMB Technology 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 PMB Technology's stock expected returns. We can calculate the autocorrelation of PMB Technology returns to help us make a trade decision. For example, suppose you find that PMB Technology 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 |
PMB Technology 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 PMB Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PMB Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PMB Technology stock over time.
Current vs Lagged Prices |
| Timeline |
PMB Technology Lagged Returns
When evaluating PMB Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PMB Technology stock have on its future price. PMB Technology 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, PMB Technology autocorrelation shows the relationship between PMB Technology stock current value and its past values and can show if there is a momentum factor associated with investing in PMB Technology 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 PMB Stock
PMB Technology financial ratios help investors to determine whether PMB 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 PMB with respect to the benefits of owning PMB Technology security.