Mah Sing (Malaysia) Market Value
| 8583 Stock | 1.73 0.04 2.37% |
| Symbol | Mah |
Mah Sing '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 Mah Sing'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 Mah Sing.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Mah Sing on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mah Sing Group or generate 0.0% return on investment in Mah Sing over 30 days. Mah Sing is related to or competes with Duopharma Biotech, Press Metal, Icon Offshore, Sports Toto, Kossan Rubber, Sungei Bagan, and EA Technique. More
Mah Sing 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 Mah Sing'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 Mah Sing Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 3.03 |
Mah Sing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mah Sing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mah Sing's standard deviation. In reality, there are many statistical measures that can use Mah Sing historical prices to predict the future Mah Sing's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.154 |
Mah Sing Group Backtested Returns
As of now, Mah Stock is very risky. Mah Sing Group has Sharpe Ratio of 0.0067, which conveys that the firm had a 0.0067% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Mah Sing, which you can use to evaluate the volatility of the firm. Please verify Mah Sing's Mean Deviation of 1.58, risk adjusted performance of (0.01), and Standard Deviation of 2.18 to check out if the risk estimate we provide is consistent with the expected return of 0.0145%. The company secures a Beta (Market Risk) of -0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mah Sing are expected to decrease at a much lower rate. During the bear market, Mah Sing is likely to outperform the market. Mah Sing Group right now secures a risk of 2.18%. Please verify Mah Sing Group mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Mah Sing Group will be following its current price movements.
Auto-correlation | 0.32 |
Below average predictability
Mah Sing Group has below average predictability. Overlapping area represents the amount of predictability between Mah Sing time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Mah Sing Group price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Mah Sing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mah Sing Group lagged returns against current returns
Autocorrelation, which is Mah Sing 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 Mah Sing's stock expected returns. We can calculate the autocorrelation of Mah Sing returns to help us make a trade decision. For example, suppose you find that Mah Sing 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 |
Mah Sing 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 Mah Sing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mah Sing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mah Sing stock over time.
Current vs Lagged Prices |
| Timeline |
Mah Sing Lagged Returns
When evaluating Mah Sing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mah Sing stock have on its future price. Mah Sing 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, Mah Sing autocorrelation shows the relationship between Mah Sing stock current value and its past values and can show if there is a momentum factor associated with investing in Mah Sing Group.
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 Mah Stock
Mah Sing financial ratios help investors to determine whether Mah 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 Mah with respect to the benefits of owning Mah Sing security.