Texchem Resources' market value is the price at which a share of Texchem Resources trades on a public exchange. It measures the collective expectations of Texchem Resources Bhd investors about its performance. Texchem Resources is selling for 0.8 as of the 28th of November 2024. This is a 1.23 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.8. With this module, you can estimate the performance of a buy and hold strategy of Texchem Resources Bhd and determine expected loss or profit from investing in Texchem Resources 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
Texchem
Texchem Resources '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 Texchem Resources' 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 Texchem Resources.
0.00
09/29/2024
No Change 0.00
0.0
In 2 months and 2 days
11/28/2024
0.00
If you would invest 0.00 in Texchem Resources on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Texchem Resources Bhd or generate 0.0% return on investment in Texchem Resources over 60 days.
Texchem Resources 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 Texchem Resources' 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 Texchem Resources 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 Texchem Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Texchem Resources' standard deviation. In reality, there are many statistical measures that can use Texchem Resources historical prices to predict the future Texchem Resources' volatility.
Texchem Resources Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Texchem Resources Bhd exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Texchem Resources' Risk Adjusted Performance of 0.0531, semi deviation of 1.58, and Coefficient Of Variation of 1674.75 to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Texchem Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Texchem Resources is expected to be smaller as well. At this point, Texchem Resources Bhd has a negative expected return of -0.26%. Please make sure to validate Texchem Resources' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Texchem Resources Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.11
Insignificant reverse predictability
Texchem Resources Bhd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Texchem Resources time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 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 Texchem Resources Bhd price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Texchem Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.11
Spearman Rank Test
-0.6
Residual Average
0.0
Price Variance
0.0
Texchem Resources Bhd lagged returns against current returns
Autocorrelation, which is Texchem Resources 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 Texchem Resources' stock expected returns. We can calculate the autocorrelation of Texchem Resources returns to help us make a trade decision. For example, suppose you find that Texchem Resources 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
Texchem Resources 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 Texchem Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Texchem Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Texchem Resources stock over time.
Current vs Lagged Prices
Timeline
Texchem Resources Lagged Returns
When evaluating Texchem Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Texchem Resources stock have on its future price. Texchem Resources 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, Texchem Resources autocorrelation shows the relationship between Texchem Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Texchem Resources Bhd.
Regressed Prices
Timeline
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