CB Industrial (Malaysia) Market Value
| 7076 Stock | 1.36 0.05 3.82% |
| Symbol | 7076 |
CB Industrial '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 CB Industrial'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 CB Industrial.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in CB Industrial on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding CB Industrial Product or generate 0.0% return on investment in CB Industrial over 390 days. CB Industrial is related to or competes with Kobay Tech, JF Technology, MyTech Group. More
CB Industrial 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 CB Industrial'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 CB Industrial Product upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.07 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.34 |
CB Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CB Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CB Industrial's standard deviation. In reality, there are many statistical measures that can use CB Industrial historical prices to predict the future CB Industrial's volatility.| Risk Adjusted Performance | 0.0048 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.05) |
CB Industrial Product Backtested Returns
As of now, 7076 Stock is unstable. CB Industrial Product retains Efficiency (Sharpe Ratio) of 0.0073, which signifies that the company had a 0.0073% return per unit of price deviation over the last 3 months. We have found twenty-two technical indicators for CB Industrial, which you can use to evaluate the volatility of the entity. Please confirm CB Industrial's Market Risk Adjusted Performance of (0.04), information ratio of (0.07), and Variance of 2.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.0109%. The firm owns a Beta (Systematic Risk) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CB Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding CB Industrial is expected to be smaller as well. CB Industrial Product today owns a risk of 1.48%. Please confirm CB Industrial Product market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if CB Industrial Product will be following its current price history.
Auto-correlation | 0.36 |
Below average predictability
CB Industrial Product has below average predictability. Overlapping area represents the amount of predictability between CB Industrial time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 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 CB Industrial Product price movement. The serial correlation of 0.36 indicates that just about 36.0% of current CB Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CB Industrial Product lagged returns against current returns
Autocorrelation, which is CB Industrial 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 CB Industrial's stock expected returns. We can calculate the autocorrelation of CB Industrial returns to help us make a trade decision. For example, suppose you find that CB Industrial 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 |
CB Industrial 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 CB Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CB Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CB Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
CB Industrial Lagged Returns
When evaluating CB Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CB Industrial stock have on its future price. CB Industrial 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, CB Industrial autocorrelation shows the relationship between CB Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in CB Industrial Product.
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 7076 Stock
CB Industrial financial ratios help investors to determine whether 7076 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 7076 with respect to the benefits of owning CB Industrial security.