MQ Technology (Malaysia) Market Value
| 0070 Stock | 0.10 0.01 11.11% |
| Symbol | 0070 |
MQ Technology '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 MQ Technology'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 MQ Technology.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in MQ Technology on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding MQ Technology Bhd or generate 0.0% return on investment in MQ Technology over 90 days. MQ Technology is related to or competes with Malayan Banking, Public Bank, Petronas Chemicals, Tenaga Nasional, IHH Healthcare, Hong Leong, and Press Metal. More
MQ Technology 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 MQ Technology'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 MQ Technology Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.09 |
MQ Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MQ Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MQ Technology's standard deviation. In reality, there are many statistical measures that can use MQ Technology historical prices to predict the future MQ Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 3.24 |
MQ Technology Bhd Backtested Returns
MQ Technology Bhd retains Efficiency (Sharpe Ratio) of -0.0414, which conveys that the firm had a -0.0414% return per unit of price deviation over the last 3 months. MQ Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MQ Technology's Mean Deviation of 2.84, market risk adjusted performance of 3.25, and Information Ratio of (0.11) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MQ Technology are expected to decrease at a much lower rate. During the bear market, MQ Technology is likely to outperform the market. At this point, MQ Technology Bhd has a negative expected return of -0.19%. Please make sure to verify MQ Technology'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 MQ Technology Bhd performance from the past will be repeated sooner or later.
Auto-correlation | -0.65 |
Very good reverse predictability
MQ Technology Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between MQ Technology time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 MQ Technology Bhd price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current MQ Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MQ Technology Bhd lagged returns against current returns
Autocorrelation, which is MQ Technology 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 MQ Technology's stock expected returns. We can calculate the autocorrelation of MQ Technology returns to help us make a trade decision. For example, suppose you find that MQ Technology 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 |
MQ Technology 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 MQ Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MQ Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MQ Technology stock over time.
Current vs Lagged Prices |
| Timeline |
MQ Technology Lagged Returns
When evaluating MQ Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MQ Technology stock have on its future price. MQ Technology 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, MQ Technology autocorrelation shows the relationship between MQ Technology stock current value and its past values and can show if there is a momentum factor associated with investing in MQ Technology 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 0070 Stock
MQ Technology financial ratios help investors to determine whether 0070 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 0070 with respect to the benefits of owning MQ Technology security.