ATA IMS's market value is the price at which a share of ATA IMS trades on a public exchange. It measures the collective expectations of ATA IMS Bhd investors about its performance. ATA IMS is selling for 0.29 as of the 28th of November 2024. This is a 3.57 percent increase since the beginning of the trading day. The stock's lowest day price was 0.28. With this module, you can estimate the performance of a buy and hold strategy of ATA IMS Bhd and determine expected loss or profit from investing in ATA IMS over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
ATA
ATA IMS '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 ATA IMS'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 ATA IMS.
0.00
12/09/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/28/2024
0.00
If you would invest 0.00 in ATA IMS on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding ATA IMS Bhd or generate 0.0% return on investment in ATA IMS over 720 days.
ATA IMS 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 ATA IMS'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 ATA IMS Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATA IMS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATA IMS's standard deviation. In reality, there are many statistical measures that can use ATA IMS historical prices to predict the future ATA IMS's volatility.
ATA IMS Bhd retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. ATA IMS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATA IMS's variance of 10.05, and Market Risk Adjusted Performance of 4.33 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ATA IMS are expected to decrease at a much lower rate. During the bear market, ATA IMS is likely to outperform the market. At this point, ATA IMS Bhd has a negative expected return of -0.34%. Please make sure to confirm ATA IMS's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if ATA IMS Bhd performance from the past will be repeated in the future.
Auto-correlation
-0.32
Poor reverse predictability
ATA IMS Bhd has poor reverse predictability. Overlapping area represents the amount of predictability between ATA IMS time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 ATA IMS Bhd price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current ATA IMS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.32
Spearman Rank Test
0.25
Residual Average
0.0
Price Variance
0.01
ATA IMS Bhd lagged returns against current returns
Autocorrelation, which is ATA IMS 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 ATA IMS's stock expected returns. We can calculate the autocorrelation of ATA IMS returns to help us make a trade decision. For example, suppose you find that ATA IMS 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
ATA IMS 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 ATA IMS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATA IMS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATA IMS stock over time.
Current vs Lagged Prices
Timeline
ATA IMS Lagged Returns
When evaluating ATA IMS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATA IMS stock have on its future price. ATA IMS 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, ATA IMS autocorrelation shows the relationship between ATA IMS stock current value and its past values and can show if there is a momentum factor associated with investing in ATA IMS Bhd.
Regressed Prices
Timeline
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