Leader Steel (Malaysia) Market Value
| 9881 Stock | 0.41 0.03 6.82% |
| Symbol | Leader |
Leader Steel '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 Leader Steel'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 Leader Steel.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Leader Steel on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Leader Steel Holdings or generate 0.0% return on investment in Leader Steel over 540 days. Leader Steel is related to or competes with Pantech Group, Coraza Integrated, Choo Bee, and Eonmetall Group. More
Leader Steel 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 Leader Steel'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 Leader Steel Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.35 |
Leader Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leader Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leader Steel's standard deviation. In reality, there are many statistical measures that can use Leader Steel historical prices to predict the future Leader Steel's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (28.53) |
Leader Steel Holdings Backtested Returns
Leader Steel Holdings has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Leader Steel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leader Steel's Mean Deviation of 1.5, risk adjusted performance of (0.06), and Standard Deviation of 2.76 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0089, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Leader Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Leader Steel is expected to be smaller as well. At this point, Leader Steel Holdings has a negative expected return of -0.31%. Please make sure to verify Leader Steel's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Leader Steel Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Leader Steel Holdings has poor predictability. Overlapping area represents the amount of predictability between Leader Steel 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 Leader Steel Holdings price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Leader Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Leader Steel Holdings lagged returns against current returns
Autocorrelation, which is Leader Steel 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 Leader Steel's stock expected returns. We can calculate the autocorrelation of Leader Steel returns to help us make a trade decision. For example, suppose you find that Leader Steel 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 |
Leader Steel 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 Leader Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leader Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leader Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Leader Steel Lagged Returns
When evaluating Leader Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leader Steel stock have on its future price. Leader Steel 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, Leader Steel autocorrelation shows the relationship between Leader Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Leader Steel Holdings.
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 Leader Stock
Leader Steel financial ratios help investors to determine whether Leader 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 Leader with respect to the benefits of owning Leader Steel security.