Privasia Technology (Malaysia) Market Value
| 0123 Stock | 0.13 0.01 7.14% |
| Symbol | Privasia |
Privasia 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 Privasia 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 Privasia Technology.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Privasia Technology on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Privasia Technology Bhd or generate 0.0% return on investment in Privasia Technology over 30 days. Privasia Technology is related to or competes with Sapura Industrial, KPJ Healthcare, Rubberex M, Choo Bee, Riverview Rubber, Press Metal, and Apex Healthcare. More
Privasia 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 Privasia 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 Privasia Technology Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.04 | |||
| Information Ratio | 0.079 | |||
| Maximum Drawdown | 34.65 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Privasia Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Privasia Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Privasia Technology's standard deviation. In reality, there are many statistical measures that can use Privasia Technology historical prices to predict the future Privasia Technology's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.5129 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0562 | |||
| Treynor Ratio | 1.69 |
Privasia Technology Bhd Backtested Returns
Privasia Technology appears to be out of control, given 3 months investment horizon. Privasia Technology Bhd maintains Sharpe Ratio (i.e., Efficiency) of 0.0732, which implies the firm had a 0.0732% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Privasia Technology Bhd, which you can use to evaluate the volatility of the company. Please evaluate Privasia Technology's Risk Adjusted Performance of 0.0787, coefficient of variation of 1036.58, and Semi Deviation of 3.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Privasia Technology holds a performance score of 5. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Privasia Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Privasia Technology is expected to be smaller as well. Please check Privasia Technology's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Privasia Technology's historical price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Privasia Technology Bhd has below average predictability. Overlapping area represents the amount of predictability between Privasia Technology time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Privasia Technology Bhd price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Privasia Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Privasia Technology Bhd lagged returns against current returns
Autocorrelation, which is Privasia 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 Privasia Technology's stock expected returns. We can calculate the autocorrelation of Privasia Technology returns to help us make a trade decision. For example, suppose you find that Privasia 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 |
Privasia 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 Privasia Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Privasia Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Privasia Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Privasia Technology Lagged Returns
When evaluating Privasia Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Privasia Technology stock have on its future price. Privasia 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, Privasia Technology autocorrelation shows the relationship between Privasia Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Privasia 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 Privasia Stock
Privasia Technology financial ratios help investors to determine whether Privasia 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 Privasia with respect to the benefits of owning Privasia Technology security.