Sapura Industrial (Malaysia) Market Value
| 7811 Stock | 0.85 0.01 1.19% |
| Symbol | Sapura |
Sapura Industrial '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 Sapura Industrial'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 Sapura Industrial.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sapura Industrial on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sapura Industrial Bhd or generate 0.0% return on investment in Sapura Industrial over 90 days. Sapura Industrial is related to or competes with Eversafe Rubber, Minetech Resources, Sunzen Biotech, ViTrox Bhd, and Hengyuan Refining. More
Sapura Industrial 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 Sapura Industrial'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 Sapura Industrial Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.94 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.47 |
Sapura Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sapura Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sapura Industrial's standard deviation. In reality, there are many statistical measures that can use Sapura Industrial historical prices to predict the future Sapura Industrial's volatility.| Risk Adjusted Performance | 0.085 | |||
| Jensen Alpha | 0.0947 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.06 |
Sapura Industrial Bhd Backtested Returns
As of now, Sapura Stock is risky. Sapura Industrial Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0985, which indicates the firm had a 0.0985% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sapura Industrial Bhd, which you can use to evaluate the volatility of the company. Please validate Sapura Industrial's Coefficient Of Variation of 935.02, risk adjusted performance of 0.085, and Semi Deviation of 0.7272 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Sapura Industrial has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sapura Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sapura Industrial is expected to be smaller as well. Sapura Industrial Bhd right now has a risk of 1.05%. Please validate Sapura Industrial jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Sapura Industrial will be following its existing price patterns.
Auto-correlation | -0.02 |
Very weak reverse predictability
Sapura Industrial Bhd has very weak reverse predictability. Overlapping area represents the amount of predictability between Sapura Industrial 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 Sapura Industrial Bhd price movement. The serial correlation of -0.02 indicates that only 2.0% of current Sapura Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sapura Industrial Bhd lagged returns against current returns
Autocorrelation, which is Sapura Industrial 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 Sapura Industrial's stock expected returns. We can calculate the autocorrelation of Sapura Industrial returns to help us make a trade decision. For example, suppose you find that Sapura Industrial 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 |
Sapura Industrial 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 Sapura Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sapura Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sapura Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Sapura Industrial Lagged Returns
When evaluating Sapura Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sapura Industrial stock have on its future price. Sapura Industrial 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, Sapura Industrial autocorrelation shows the relationship between Sapura Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Sapura Industrial 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 Sapura Stock
Sapura Industrial financial ratios help investors to determine whether Sapura 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 Sapura with respect to the benefits of owning Sapura Industrial security.