Press Metal (Malaysia) Market Value
| 8869 Stock | 4.66 0.02 0.43% |
| Symbol | Press |
Press Metal '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 Press Metal'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 Press Metal.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Press Metal on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Press Metal Bhd or generate 0.0% return on investment in Press Metal over 30 days. Press Metal is related to or competes with Eonmetall Group. More
Press Metal 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 Press Metal'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 Press Metal Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 3.66 |
Press Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Press Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Press Metal's standard deviation. In reality, there are many statistical measures that can use Press Metal historical prices to predict the future Press Metal's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.19) |
Press Metal Bhd Backtested Returns
Press Metal Bhd maintains Sharpe Ratio (i.e., Efficiency) of -0.0642, which implies the firm had a -0.0642% return per unit of risk over the last 3 months. Press Metal Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Press Metal's Coefficient Of Variation of (2,037), risk adjusted performance of (0.03), and Variance of 4.2 to confirm the risk estimate we provide. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Press Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Press Metal is expected to be smaller as well. At this point, Press Metal Bhd has a negative expected return of -0.13%. Please make sure to check Press Metal's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Press Metal Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Press Metal Bhd has insignificant predictability. Overlapping area represents the amount of predictability between Press Metal time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Press Metal Bhd price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Press Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Press Metal Bhd lagged returns against current returns
Autocorrelation, which is Press Metal 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 Press Metal's stock expected returns. We can calculate the autocorrelation of Press Metal returns to help us make a trade decision. For example, suppose you find that Press Metal 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 |
Press Metal 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 Press Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Press Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Press Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Press Metal Lagged Returns
When evaluating Press Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Press Metal stock have on its future price. Press Metal 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, Press Metal autocorrelation shows the relationship between Press Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Press Metal Bhd.
Regressed Prices |
| Timeline |
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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 Press Stock
Press Metal financial ratios help investors to determine whether Press 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 Press with respect to the benefits of owning Press Metal security.