Systech Bhd (Malaysia) Market Value
| 0050 Stock | 0.31 0.01 3.33% |
| Symbol | Systech |
Systech 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 Systech 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 Systech Bhd.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Systech Bhd on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Systech Bhd or generate 0.0% return on investment in Systech Bhd over 720 days. Systech Bhd is related to or competes with Press Metal, Choo Bee, Public Bank, and Hong Leong. More
Systech 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 Systech 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 Systech Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.93 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.71 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.0 |
Systech Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Systech Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Systech Bhd's standard deviation. In reality, there are many statistical measures that can use Systech Bhd historical prices to predict the future Systech Bhd's volatility.| Risk Adjusted Performance | 0.0174 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0613 |
Systech Bhd Backtested Returns
Systech Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0239, which indicates the firm had a -0.0239% return per unit of risk over the last 3 months. Systech Bhd exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Systech Bhd's Semi Deviation of 2.15, risk adjusted performance of 0.0174, and Coefficient Of Variation of 7265.44 to confirm the risk estimate we provide. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Systech Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Systech Bhd is expected to be smaller as well. At this point, Systech Bhd has a negative expected return of -0.0663%. Please make sure to validate Systech Bhd's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Systech Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Systech Bhd has excellent reverse predictability. Overlapping area represents the amount of predictability between Systech Bhd time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 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 Systech Bhd price movement. The serial correlation of -0.85 indicates that around 85.0% of current Systech Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Systech Bhd lagged returns against current returns
Autocorrelation, which is Systech 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 Systech Bhd's stock expected returns. We can calculate the autocorrelation of Systech Bhd returns to help us make a trade decision. For example, suppose you find that Systech 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 |
Systech 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 Systech Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Systech Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Systech Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Systech Bhd Lagged Returns
When evaluating Systech Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Systech Bhd stock have on its future price. Systech 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, Systech Bhd autocorrelation shows the relationship between Systech Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Systech 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 Systech Stock
Systech Bhd financial ratios help investors to determine whether Systech 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 Systech with respect to the benefits of owning Systech Bhd security.