Saudee Group (Malaysia) Market Value
5157 Stock | 0.02 0.00 0.00% |
Symbol | Saudee |
Saudee Group '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 Saudee Group'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 Saudee Group.
11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Saudee Group on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Saudee Group Bhd or generate 0.0% return on investment in Saudee Group over 30 days. Saudee Group is related to or competes with Kuala Lumpur, QL Resources, and Keck Seng. More
Saudee Group 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 Saudee Group'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 Saudee Group Bhd upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 26.52 | |||
Information Ratio | 0.0714 | |||
Maximum Drawdown | 58.33 | |||
Value At Risk | (25.00) | |||
Potential Upside | 33.33 |
Saudee Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saudee Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saudee Group's standard deviation. In reality, there are many statistical measures that can use Saudee Group historical prices to predict the future Saudee Group's volatility.Risk Adjusted Performance | 0.0677 | |||
Jensen Alpha | 1.13 | |||
Total Risk Alpha | 0.6934 | |||
Sortino Ratio | 0.0416 | |||
Treynor Ratio | (4.27) |
Saudee Group Bhd Backtested Returns
Saudee Group is out of control given 3 months investment horizon. Saudee Group Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.56% are justified by taking the suggested risk. Use Saudee Group Bhd Risk Adjusted Performance of 0.0677, semi deviation of 9.96, and Coefficient Of Variation of 1360.66 to evaluate company specific risk that cannot be diversified away. Saudee Group holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Saudee Group are expected to decrease at a much lower rate. During the bear market, Saudee Group is likely to outperform the market. Use Saudee Group Bhd sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on Saudee Group Bhd.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Saudee Group Bhd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Saudee Group time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 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 Saudee Group Bhd price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Saudee Group price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.15 | |
Spearman Rank Test | 0.75 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Saudee Group Bhd lagged returns against current returns
Autocorrelation, which is Saudee Group 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 Saudee Group's stock expected returns. We can calculate the autocorrelation of Saudee Group returns to help us make a trade decision. For example, suppose you find that Saudee Group 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 |
Saudee Group 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 Saudee Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saudee Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saudee Group stock over time.
Current vs Lagged Prices |
Timeline |
Saudee Group Lagged Returns
When evaluating Saudee Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saudee Group stock have on its future price. Saudee Group 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, Saudee Group autocorrelation shows the relationship between Saudee Group stock current value and its past values and can show if there is a momentum factor associated with investing in Saudee Group 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 Saudee Stock
Saudee Group financial ratios help investors to determine whether Saudee 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 Saudee with respect to the benefits of owning Saudee Group security.