Bonia Bhd (Malaysia) Market Value
| 9288 Stock | 1.47 0.01 0.68% |
| Symbol | Bonia |
Bonia Bhd '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 Bonia Bhd'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 Bonia Bhd.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bonia Bhd on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bonia Bhd or generate 0.0% return on investment in Bonia Bhd over 90 days. Bonia Bhd is related to or competes with Senheng New, JF Technology, RHB Bank, and ES Ceramics. More
Bonia Bhd 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 Bonia Bhd'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 Bonia Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.65 |
Bonia Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bonia Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonia Bhd's standard deviation. In reality, there are many statistical measures that can use Bonia Bhd historical prices to predict the future Bonia Bhd's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 31.77 |
Bonia Bhd Backtested Returns
Bonia Bhd secures Sharpe Ratio (or Efficiency) of -0.0557, which signifies that the company had a -0.0557% return per unit of risk over the last 3 months. Bonia Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bonia Bhd's Mean Deviation of 1.07, risk adjusted performance of (0.04), and Standard Deviation of 1.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0035, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bonia Bhd are expected to decrease at a much lower rate. During the bear market, Bonia Bhd is likely to outperform the market. At this point, Bonia Bhd has a negative expected return of -0.0926%. Please make sure to confirm Bonia Bhd's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Bonia Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Bonia Bhd has poor reverse predictability. Overlapping area represents the amount of predictability between Bonia Bhd time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Bonia Bhd price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Bonia Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bonia Bhd lagged returns against current returns
Autocorrelation, which is Bonia Bhd 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 Bonia Bhd's stock expected returns. We can calculate the autocorrelation of Bonia Bhd returns to help us make a trade decision. For example, suppose you find that Bonia Bhd 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 |
Bonia Bhd 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 Bonia Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonia Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonia Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Bonia Bhd Lagged Returns
When evaluating Bonia Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonia Bhd stock have on its future price. Bonia Bhd 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, Bonia Bhd autocorrelation shows the relationship between Bonia Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Bonia 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 Bonia Stock
Bonia Bhd financial ratios help investors to determine whether Bonia 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 Bonia with respect to the benefits of owning Bonia Bhd security.