Datasonic Group (Malaysia) Market Value
| 5216 Stock | 0.43 0.01 2.27% |
| Symbol | Datasonic |
Datasonic 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 Datasonic 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 Datasonic Group.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Datasonic Group on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Datasonic Group Bhd or generate 0.0% return on investment in Datasonic Group over 390 days. Datasonic Group is related to or competes with Lotte Chemical, Oriental Food, Binasat Communications, Uchi Technologies, PMB Technology, Berjaya Food, and Press Metal. More
Datasonic 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 Datasonic 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 Datasonic Group Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.56 |
Datasonic Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Datasonic Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Datasonic Group's standard deviation. In reality, there are many statistical measures that can use Datasonic Group historical prices to predict the future Datasonic Group's volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.07) |
Datasonic Group Bhd Backtested Returns
Datasonic Group Bhd secures Sharpe Ratio (or Efficiency) of -0.0251, which denotes the company had a -0.0251% return per unit of risk over the last 3 months. Datasonic Group Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Datasonic Group's Mean Deviation of 1.34, variance of 4.12, and Standard Deviation of 2.03 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, Datasonic Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Datasonic Group is expected to be smaller as well. At this point, Datasonic Group Bhd has a negative expected return of -0.0521%. Please make sure to confirm Datasonic Group's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Datasonic Group Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Datasonic Group Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between Datasonic Group time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 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 Datasonic Group Bhd price movement. The serial correlation of -0.69 indicates that around 69.0% of current Datasonic Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Datasonic Group Bhd lagged returns against current returns
Autocorrelation, which is Datasonic 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 Datasonic Group's stock expected returns. We can calculate the autocorrelation of Datasonic Group returns to help us make a trade decision. For example, suppose you find that Datasonic 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 |
Datasonic 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 Datasonic Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Datasonic Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Datasonic Group stock over time.
Current vs Lagged Prices |
| Timeline |
Datasonic Group Lagged Returns
When evaluating Datasonic Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Datasonic Group stock have on its future price. Datasonic 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, Datasonic Group autocorrelation shows the relationship between Datasonic Group stock current value and its past values and can show if there is a momentum factor associated with investing in Datasonic 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 Datasonic Stock
Datasonic Group financial ratios help investors to determine whether Datasonic 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 Datasonic with respect to the benefits of owning Datasonic Group security.