Aeon Credit (Malaysia) Market Value
| 5139 Stock | 6.76 0.03 0.44% |
| Symbol | Aeon |
Aeon Credit '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 Aeon Credit'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 Aeon Credit.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Aeon Credit on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Aeon Credit Service or generate 0.0% return on investment in Aeon Credit over 90 days. Aeon Credit is related to or competes with Minetech Resources, Sunzen Biotech, ViTrox Bhd, Impiana Hotels, and Icon Offshore. More
Aeon Credit 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 Aeon Credit'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 Aeon Credit Service upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.72 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.69 |
Aeon Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aeon Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aeon Credit's standard deviation. In reality, there are many statistical measures that can use Aeon Credit historical prices to predict the future Aeon Credit's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.5479 |
Aeon Credit Service Backtested Returns
Aeon Credit Service secures Sharpe Ratio (or Efficiency) of -0.0509, which signifies that the company had a -0.0509% return per unit of risk over the last 3 months. Aeon Credit Service exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aeon Credit's Risk Adjusted Performance of (0.06), mean deviation of 0.6538, and Standard Deviation of 0.9922 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aeon Credit are expected to decrease at a much lower rate. During the bear market, Aeon Credit is likely to outperform the market. At this point, Aeon Credit Service has a negative expected return of -0.0486%. Please make sure to confirm Aeon Credit's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Aeon Credit Service performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Aeon Credit Service has very weak reverse predictability. Overlapping area represents the amount of predictability between Aeon Credit time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Aeon Credit Service price movement. The serial correlation of -0.03 indicates that only 3.0% of current Aeon Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Aeon Credit Service lagged returns against current returns
Autocorrelation, which is Aeon Credit 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 Aeon Credit's stock expected returns. We can calculate the autocorrelation of Aeon Credit returns to help us make a trade decision. For example, suppose you find that Aeon Credit 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 |
Aeon Credit 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 Aeon Credit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aeon Credit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aeon Credit stock over time.
Current vs Lagged Prices |
| Timeline |
Aeon Credit Lagged Returns
When evaluating Aeon Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aeon Credit stock have on its future price. Aeon Credit 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, Aeon Credit autocorrelation shows the relationship between Aeon Credit stock current value and its past values and can show if there is a momentum factor associated with investing in Aeon Credit Service.
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 Aeon Stock
Aeon Credit financial ratios help investors to determine whether Aeon 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 Aeon with respect to the benefits of owning Aeon Credit security.