Kobay Tech (Malaysia) Market Value
| 6971 Stock | 1.59 0.08 5.30% |
| Symbol | Kobay |
Kobay Tech '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 Kobay Tech'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 Kobay Tech.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Kobay Tech on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Kobay Tech Bhd or generate 0.0% return on investment in Kobay Tech over 360 days. Kobay Tech is related to or competes with PIE Industrial, JF Technology, CB Industrial, and MyTech Group. More
Kobay Tech 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 Kobay Tech'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 Kobay Tech Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0155 | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 8.11 |
Kobay Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kobay Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kobay Tech's standard deviation. In reality, there are many statistical measures that can use Kobay Tech historical prices to predict the future Kobay Tech's volatility.| Risk Adjusted Performance | 0.0414 | |||
| Jensen Alpha | 0.0682 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0204 | |||
| Treynor Ratio | 0.1786 |
Kobay Tech Bhd Backtested Returns
As of now, Kobay Stock is very risky. Kobay Tech Bhd has Sharpe Ratio of 0.0063, which conveys that the firm had a 0.0063% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kobay Tech, which you can use to evaluate the volatility of the firm. Please verify Kobay Tech's Downside Deviation of 2.78, mean deviation of 2.73, and Risk Adjusted Performance of 0.0414 to check out if the risk estimate we provide is consistent with the expected return of 0.0207%. The company secures a Beta (Market Risk) of 0.89, which conveys possible diversification benefits within a given portfolio. Kobay Tech returns are very sensitive to returns on the market. As the market goes up or down, Kobay Tech is expected to follow. Kobay Tech Bhd right now secures a risk of 3.31%. Please verify Kobay Tech Bhd downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Kobay Tech Bhd will be following its current price movements.
Auto-correlation | -0.82 |
Excellent reverse predictability
Kobay Tech Bhd has excellent reverse predictability. Overlapping area represents the amount of predictability between Kobay Tech time series from 19th of December 2023 to 16th of June 2024 and 16th 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 Kobay Tech Bhd price movement. The serial correlation of -0.82 indicates that around 82.0% of current Kobay Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Kobay Tech Bhd lagged returns against current returns
Autocorrelation, which is Kobay Tech 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 Kobay Tech's stock expected returns. We can calculate the autocorrelation of Kobay Tech returns to help us make a trade decision. For example, suppose you find that Kobay Tech 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 |
Kobay Tech 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 Kobay Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kobay Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kobay Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Kobay Tech Lagged Returns
When evaluating Kobay Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kobay Tech stock have on its future price. Kobay Tech 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, Kobay Tech autocorrelation shows the relationship between Kobay Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Kobay Tech 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 Kobay Stock
Kobay Tech financial ratios help investors to determine whether Kobay 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 Kobay with respect to the benefits of owning Kobay Tech security.