Fitters Diversified (Malaysia) Market Value
| 9318 Stock | 0.04 0.01 12.50% |
| Symbol | Fitters |
Fitters Diversified '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 Fitters Diversified'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 Fitters Diversified.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Fitters Diversified on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Fitters Diversified Bhd or generate 0.0% return on investment in Fitters Diversified over 540 days. Fitters Diversified is related to or competes with Minetech Resources, Sunzen Biotech, Hengyuan Refining, and Impiana Hotels. More
Fitters Diversified 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 Fitters Diversified'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 Fitters Diversified Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.84 | |||
| Information Ratio | 0.0583 | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Fitters Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fitters Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fitters Diversified's standard deviation. In reality, there are many statistical measures that can use Fitters Diversified historical prices to predict the future Fitters Diversified's volatility.| Risk Adjusted Performance | 0.0631 | |||
| Jensen Alpha | 0.7447 | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | 0.0471 | |||
| Treynor Ratio | (3.44) |
Fitters Diversified Bhd Backtested Returns
Fitters Diversified appears to be out of control, given 3 months investment horizon. Fitters Diversified Bhd secures Sharpe Ratio (or Efficiency) of 0.0709, which denotes the company had a 0.0709% return per unit of risk over the last 3 months. By reviewing Fitters Diversified's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize Fitters Diversified's Coefficient Of Variation of 1422.1, downside deviation of 12.84, and Mean Deviation of 8.22 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fitters Diversified holds a performance score of 5. The firm shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fitters Diversified are expected to decrease at a much lower rate. During the bear market, Fitters Diversified is likely to outperform the market. Please check Fitters Diversified's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Fitters Diversified's price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Fitters Diversified Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between Fitters Diversified time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Fitters Diversified Bhd price movement. The serial correlation of -0.67 indicates that around 67.0% of current Fitters Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fitters Diversified Bhd lagged returns against current returns
Autocorrelation, which is Fitters Diversified 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 Fitters Diversified's stock expected returns. We can calculate the autocorrelation of Fitters Diversified returns to help us make a trade decision. For example, suppose you find that Fitters Diversified 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 |
Fitters Diversified 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 Fitters Diversified stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fitters Diversified stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fitters Diversified stock over time.
Current vs Lagged Prices |
| Timeline |
Fitters Diversified Lagged Returns
When evaluating Fitters Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fitters Diversified stock have on its future price. Fitters Diversified 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, Fitters Diversified autocorrelation shows the relationship between Fitters Diversified stock current value and its past values and can show if there is a momentum factor associated with investing in Fitters Diversified 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 Fitters Stock
Fitters Diversified financial ratios help investors to determine whether Fitters 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 Fitters with respect to the benefits of owning Fitters Diversified security.