Sunzen Biotech (Malaysia) Market Value
| 0148 Stock | 0.32 0.01 3.23% |
| Symbol | Sunzen |
Sunzen Biotech '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 Sunzen Biotech'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 Sunzen Biotech.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Sunzen Biotech on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Sunzen Biotech Bhd or generate 0.0% return on investment in Sunzen Biotech over 30 days. Sunzen Biotech is related to or competes with Nestle Bhd, British American, FARM FRESH, Kawan Food, Apollo Food, Oriental Food, and Nova Wellness. More
Sunzen Biotech 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 Sunzen Biotech'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 Sunzen Biotech Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.03 |
Sunzen Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunzen Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunzen Biotech's standard deviation. In reality, there are many statistical measures that can use Sunzen Biotech historical prices to predict the future Sunzen Biotech's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0) |
Sunzen Biotech Bhd Backtested Returns
As of now, Sunzen Stock is extremely dangerous. Sunzen Biotech Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0071, which indicates the firm had a 0.0071% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sunzen Biotech Bhd, which you can use to evaluate the volatility of the company. Please validate Sunzen Biotech's Coefficient Of Variation of 14387.91, semi deviation of 1.04, and Risk Adjusted Performance of 0.0099 to confirm if the risk estimate we provide is consistent with the expected return of 0.0103%. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunzen Biotech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunzen Biotech is expected to be smaller as well. Sunzen Biotech Bhd right now has a risk of 1.45%. Please validate Sunzen Biotech coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Sunzen Biotech will be following its existing price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Sunzen Biotech Bhd has poor reverse predictability. Overlapping area represents the amount of predictability between Sunzen Biotech time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Sunzen Biotech Bhd price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Sunzen Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sunzen Biotech Bhd lagged returns against current returns
Autocorrelation, which is Sunzen Biotech 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 Sunzen Biotech's stock expected returns. We can calculate the autocorrelation of Sunzen Biotech returns to help us make a trade decision. For example, suppose you find that Sunzen Biotech 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 |
Sunzen Biotech 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 Sunzen Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunzen Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunzen Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
Sunzen Biotech Lagged Returns
When evaluating Sunzen Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunzen Biotech stock have on its future price. Sunzen Biotech 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, Sunzen Biotech autocorrelation shows the relationship between Sunzen Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in Sunzen Biotech 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 Sunzen Stock
Sunzen Biotech financial ratios help investors to determine whether Sunzen 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 Sunzen with respect to the benefits of owning Sunzen Biotech security.