Hartalega Holdings (Malaysia) Market Value
| 5168 Stock | 3.78 0.13 3.32% |
| Symbol | Hartalega |
Hartalega Holdings '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 Hartalega Holdings' 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 Hartalega Holdings.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Hartalega Holdings on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Hartalega Holdings Bhd or generate 0.0% return on investment in Hartalega Holdings over 720 days. Hartalega Holdings is related to or competes with JF Technology, Computer Forms, Diversified Gateway, Apollo Food, Greatech Technology, and Eonmetall Group. More
Hartalega Holdings 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 Hartalega Holdings' 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 Hartalega Holdings Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.1546 | |||
| Maximum Drawdown | 40.04 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 4.01 |
Hartalega Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartalega Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartalega Holdings' standard deviation. In reality, there are many statistical measures that can use Hartalega Holdings historical prices to predict the future Hartalega Holdings' volatility.| Risk Adjusted Performance | 0.1394 | |||
| Jensen Alpha | 0.7907 | |||
| Total Risk Alpha | 0.1644 | |||
| Sortino Ratio | 0.2404 | |||
| Treynor Ratio | (3.88) |
Hartalega Holdings Bhd Backtested Returns
Hartalega Holdings appears to be risky, given 3 months investment horizon. Hartalega Holdings Bhd holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartalega Holdings Bhd, which you can use to evaluate the volatility of the firm. Please utilize Hartalega Holdings' Downside Deviation of 2.78, risk adjusted performance of 0.1394, and Market Risk Adjusted Performance of (3.87) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hartalega Holdings holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hartalega Holdings are expected to decrease at a much lower rate. During the bear market, Hartalega Holdings is likely to outperform the market. Please check Hartalega Holdings' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Hartalega Holdings' current trending patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Hartalega Holdings Bhd has good predictability. Overlapping area represents the amount of predictability between Hartalega Holdings time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Hartalega Holdings Bhd price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Hartalega Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Hartalega Holdings Bhd lagged returns against current returns
Autocorrelation, which is Hartalega Holdings 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 Hartalega Holdings' stock expected returns. We can calculate the autocorrelation of Hartalega Holdings returns to help us make a trade decision. For example, suppose you find that Hartalega Holdings 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 |
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Hartalega Holdings 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 Hartalega Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartalega Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hartalega Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Hartalega Holdings Lagged Returns
When evaluating Hartalega Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartalega Holdings stock have on its future price. Hartalega Holdings 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, Hartalega Holdings autocorrelation shows the relationship between Hartalega Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Hartalega Holdings 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 Hartalega Stock
Hartalega Holdings financial ratios help investors to determine whether Hartalega 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 Hartalega with respect to the benefits of owning Hartalega Holdings security.