MI Technovation (Malaysia) Market Value
| 5286 Stock | 2.23 0.02 0.90% |
| Symbol | 5286 |
MI Technovation '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 MI Technovation'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 MI Technovation.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in MI Technovation on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding MI Technovation Bhd or generate 0.0% return on investment in MI Technovation over 30 days. MI Technovation is related to or competes with Globetronics Tech, Al Aqar, PMB Technology, Minetech Resources, Dufu Tech, and Sunzen Biotech. More
MI Technovation 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 MI Technovation'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 MI Technovation Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 4.6 |
MI Technovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MI Technovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MI Technovation's standard deviation. In reality, there are many statistical measures that can use MI Technovation historical prices to predict the future MI Technovation's volatility.| Risk Adjusted Performance | 0.1214 | |||
| Jensen Alpha | 0.3597 | |||
| Total Risk Alpha | 0.0762 | |||
| Sortino Ratio | 0.1424 | |||
| Treynor Ratio | 0.9068 |
MI Technovation Bhd Backtested Returns
MI Technovation appears to be risky, given 3 months investment horizon. MI Technovation Bhd retains Efficiency (Sharpe Ratio) of 0.13, which conveys that the firm had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for MI Technovation, which you can use to evaluate the volatility of the firm. Please exercise MI Technovation's Market Risk Adjusted Performance of 0.9168, standard deviation of 2.6, and Mean Deviation of 2.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MI Technovation holds a performance score of 10. The company owns a Beta (Systematic Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MI Technovation's returns are expected to increase less than the market. However, during the bear market, the loss of holding MI Technovation is expected to be smaller as well. Please check MI Technovation's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether MI Technovation's current price history will revert.
Auto-correlation | 0.32 |
Below average predictability
MI Technovation Bhd has below average predictability. Overlapping area represents the amount of predictability between MI Technovation time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 MI Technovation Bhd price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current MI Technovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MI Technovation Bhd lagged returns against current returns
Autocorrelation, which is MI Technovation 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 MI Technovation's stock expected returns. We can calculate the autocorrelation of MI Technovation returns to help us make a trade decision. For example, suppose you find that MI Technovation 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 |
MI Technovation 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 MI Technovation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MI Technovation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MI Technovation stock over time.
Current vs Lagged Prices |
| Timeline |
MI Technovation Lagged Returns
When evaluating MI Technovation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MI Technovation stock have on its future price. MI Technovation 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, MI Technovation autocorrelation shows the relationship between MI Technovation stock current value and its past values and can show if there is a momentum factor associated with investing in MI Technovation 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 5286 Stock
MI Technovation financial ratios help investors to determine whether 5286 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 5286 with respect to the benefits of owning MI Technovation security.