Key ASIC's market value is the price at which a share of Key ASIC trades on a public exchange. It measures the collective expectations of Key ASIC Bhd investors about its performance. Key ASIC is selling for 0.045 as of the 3rd of December 2024. This is a 12.50 percent increase since the beginning of the trading day. The stock's lowest day price was 0.04. With this module, you can estimate the performance of a buy and hold strategy of Key ASIC Bhd and determine expected loss or profit from investing in Key ASIC over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Key ASIC '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 Key ASIC'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 Key ASIC.
0.00
11/03/2024
No Change 0.00
0.0
In 31 days
12/03/2024
0.00
If you would invest 0.00 in Key ASIC on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Key ASIC Bhd or generate 0.0% return on investment in Key ASIC over 30 days.
Key ASIC 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 Key ASIC'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 Key ASIC Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Key ASIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Key ASIC's standard deviation. In reality, there are many statistical measures that can use Key ASIC historical prices to predict the future Key ASIC's volatility.
Key ASIC appears to be out of control, given 3 months investment horizon. Key ASIC Bhd has Sharpe Ratio of 0.0402, which conveys that the firm had a 0.0402% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Key ASIC, which you can use to evaluate the volatility of the firm. Please exercise Key ASIC's Downside Deviation of 11.13, risk adjusted performance of 0.026, and Mean Deviation of 5.52 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Key ASIC holds a performance score of 3. The company secures a Beta (Market Risk) of -0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Key ASIC are expected to decrease at a much lower rate. During the bear market, Key ASIC is likely to outperform the market. Please check Key ASIC's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Key ASIC's current price movements will revert.
Auto-correlation
0.15
Insignificant predictability
Key ASIC Bhd has insignificant predictability. Overlapping area represents the amount of predictability between Key ASIC time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Key ASIC Bhd price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Key ASIC price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
0.05
Residual Average
0.0
Price Variance
0.0
Key ASIC Bhd lagged returns against current returns
Autocorrelation, which is Key ASIC 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 Key ASIC's stock expected returns. We can calculate the autocorrelation of Key ASIC returns to help us make a trade decision. For example, suppose you find that Key ASIC 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
Key ASIC 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 Key ASIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Key ASIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Key ASIC stock over time.
Current vs Lagged Prices
Timeline
Key ASIC Lagged Returns
When evaluating Key ASIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Key ASIC stock have on its future price. Key ASIC 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, Key ASIC autocorrelation shows the relationship between Key ASIC stock current value and its past values and can show if there is a momentum factor associated with investing in Key ASIC Bhd.
Regressed Prices
Timeline
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