Eonmetall Group (Malaysia) Market Value
| 7217 Stock | 0.32 0.01 3.23% |
| Symbol | Eonmetall |
Eonmetall Group '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 Eonmetall Group'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 Eonmetall Group.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Eonmetall Group on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Eonmetall Group Bhd or generate 0.0% return on investment in Eonmetall Group over 720 days. Eonmetall Group is related to or competes with Mercury Industries, CB Industrial, Amalgamated Industrial, Sapura Industrial, Central Industrial, and Melewar Industrial. More
Eonmetall Group 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 Eonmetall Group'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 Eonmetall Group Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.65 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 6.45 |
Eonmetall Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eonmetall Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eonmetall Group's standard deviation. In reality, there are many statistical measures that can use Eonmetall Group historical prices to predict the future Eonmetall Group's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 0.1497 |
Eonmetall Group Bhd Backtested Returns
Eonmetall Group Bhd secures Sharpe Ratio (or Efficiency) of -0.0556, which denotes the company had a -0.0556% return per unit of risk over the last 3 months. Eonmetall Group Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eonmetall Group's Variance of 10.23, standard deviation of 3.2, and Mean Deviation of 2.13 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.2, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eonmetall Group are expected to decrease by larger amounts. On the other hand, during market turmoil, Eonmetall Group is expected to outperform it. At this point, Eonmetall Group Bhd has a negative expected return of -0.18%. Please make sure to confirm Eonmetall Group's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Eonmetall Group Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Eonmetall Group Bhd has very good predictability. Overlapping area represents the amount of predictability between Eonmetall Group time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Eonmetall Group Bhd price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Eonmetall Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eonmetall Group Bhd lagged returns against current returns
Autocorrelation, which is Eonmetall Group 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 Eonmetall Group's stock expected returns. We can calculate the autocorrelation of Eonmetall Group returns to help us make a trade decision. For example, suppose you find that Eonmetall Group 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 |
Eonmetall Group 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 Eonmetall Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eonmetall Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eonmetall Group stock over time.
Current vs Lagged Prices |
| Timeline |
Eonmetall Group Lagged Returns
When evaluating Eonmetall Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eonmetall Group stock have on its future price. Eonmetall Group 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, Eonmetall Group autocorrelation shows the relationship between Eonmetall Group stock current value and its past values and can show if there is a momentum factor associated with investing in Eonmetall Group 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 Eonmetall Stock
Eonmetall Group financial ratios help investors to determine whether Eonmetall 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 Eonmetall with respect to the benefits of owning Eonmetall Group security.