ITMAX System's market value is the price at which a share of ITMAX System trades on a public exchange. It measures the collective expectations of ITMAX System Berhad investors about its performance. ITMAX System is selling for 3.56 as of the 23rd of December 2024. This is a 0.28 percent increase since the beginning of the trading day. The stock's lowest day price was 3.52. With this module, you can estimate the performance of a buy and hold strategy of ITMAX System Berhad and determine expected loss or profit from investing in ITMAX System over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
ITMAX
ITMAX System '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 ITMAX System'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 ITMAX System.
0.00
11/23/2024
No Change 0.00
0.0
In 30 days
12/23/2024
0.00
If you would invest 0.00 in ITMAX System on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding ITMAX System Berhad or generate 0.0% return on investment in ITMAX System over 30 days.
ITMAX System 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 ITMAX System'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 ITMAX System Berhad upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITMAX System's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITMAX System's standard deviation. In reality, there are many statistical measures that can use ITMAX System historical prices to predict the future ITMAX System's volatility.
ITMAX System Berhad holds Efficiency (Sharpe) Ratio of -0.0027, which attests that the entity had a -0.0027% return per unit of volatility over the last 3 months. ITMAX System Berhad exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ITMAX System's risk adjusted performance of 0.0549, and Market Risk Adjusted Performance of 0.2402 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ITMAX System's returns are expected to increase less than the market. However, during the bear market, the loss of holding ITMAX System is expected to be smaller as well. At this point, ITMAX System Berhad has a negative expected return of -0.0044%. Please make sure to check out ITMAX System's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if ITMAX System Berhad performance from the past will be repeated at future time.
Auto-correlation
0.68
Good predictability
ITMAX System Berhad has good predictability. Overlapping area represents the amount of predictability between ITMAX System 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 ITMAX System Berhad price movement. The serial correlation of 0.68 indicates that around 68.0% of current ITMAX System price fluctuation can be explain by its past prices.
Correlation Coefficient
0.68
Spearman Rank Test
0.36
Residual Average
0.0
Price Variance
0.0
ITMAX System Berhad lagged returns against current returns
Autocorrelation, which is ITMAX System 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 ITMAX System's stock expected returns. We can calculate the autocorrelation of ITMAX System returns to help us make a trade decision. For example, suppose you find that ITMAX System 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
ITMAX System 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 ITMAX System stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITMAX System stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITMAX System stock over time.
Current vs Lagged Prices
Timeline
ITMAX System Lagged Returns
When evaluating ITMAX System's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITMAX System stock have on its future price. ITMAX System 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, ITMAX System autocorrelation shows the relationship between ITMAX System stock current value and its past values and can show if there is a momentum factor associated with investing in ITMAX System Berhad.
Regressed Prices
Timeline
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