Scientex Bhd (Malaysia) Market Value
| 4731 Stock | 4.30 0.20 4.44% |
| Symbol | Scientex |
Scientex 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 Scientex 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 Scientex Bhd.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Scientex Bhd on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Scientex Bhd or generate 0.0% return on investment in Scientex Bhd over 720 days. Scientex Bhd is related to or competes with Apollo Food, K One, PIE Industrial, Kawan Food, ES Ceramics, Oriental Food, and CB Industrial. More
Scientex 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 Scientex 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 Scientex Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.0429 | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.21 |
Scientex Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scientex Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scientex Bhd's standard deviation. In reality, there are many statistical measures that can use Scientex Bhd historical prices to predict the future Scientex Bhd's volatility.| Risk Adjusted Performance | 0.0575 | |||
| Jensen Alpha | 0.0806 | |||
| Total Risk Alpha | 0.0415 | |||
| Sortino Ratio | 0.0423 | |||
| Treynor Ratio | (0.65) |
Scientex Bhd Backtested Returns
As of now, Scientex Stock is somewhat reliable. Scientex Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0376, which indicates the firm had a 0.0376% return per unit of risk over the last 3 months. We have found thirty technical indicators for Scientex Bhd, which you can use to evaluate the volatility of the company. Please validate Scientex Bhd's Semi Deviation of 1.12, coefficient of variation of 1477.21, and Risk Adjusted Performance of 0.0575 to confirm if the risk estimate we provide is consistent with the expected return of 0.0488%. Scientex Bhd has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scientex Bhd are expected to decrease at a much lower rate. During the bear market, Scientex Bhd is likely to outperform the market. Scientex Bhd right now has a risk of 1.3%. Please validate Scientex Bhd downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Scientex Bhd will be following its existing price patterns.
Auto-correlation | 0.26 |
Poor predictability
Scientex Bhd has poor predictability. Overlapping area represents the amount of predictability between Scientex Bhd time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Scientex Bhd price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Scientex Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Scientex Bhd lagged returns against current returns
Autocorrelation, which is Scientex 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 Scientex Bhd's stock expected returns. We can calculate the autocorrelation of Scientex Bhd returns to help us make a trade decision. For example, suppose you find that Scientex 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 |
Scientex 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 Scientex Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scientex Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scientex Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Scientex Bhd Lagged Returns
When evaluating Scientex Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scientex Bhd stock have on its future price. Scientex 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, Scientex Bhd autocorrelation shows the relationship between Scientex Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Scientex Bhd.
Regressed Prices |
| Timeline |
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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 Scientex Stock
Scientex Bhd financial ratios help investors to determine whether Scientex 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 Scientex with respect to the benefits of owning Scientex Bhd security.