Eonmetall Group (Malaysia) Market Value

7217 Stock   0.32  0.01  3.23%   
Eonmetall Group's market value is the price at which a share of Eonmetall Group trades on a public exchange. It measures the collective expectations of Eonmetall Group Bhd investors about its performance. Eonmetall Group is selling for 0.32 as of the 4th of December 2024. This is a 3.23 percent increase since the beginning of the trading day. The stock's lowest day price was 0.3.
With this module, you can estimate the performance of a buy and hold strategy of Eonmetall Group Bhd and determine expected loss or profit from investing in Eonmetall Group over a given investment horizon. Check out Eonmetall Group Correlation, Eonmetall Group Volatility and Eonmetall Group Alpha and Beta module to complement your research on Eonmetall Group.
Symbol

Please note, there is a significant difference between Eonmetall Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eonmetall Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eonmetall Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Eonmetall 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 Eonmetall 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 Eonmetall Group.
0.00
12/15/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/04/2024
0.00
If you would invest  0.00  in Eonmetall Group on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Eonmetall Group Bhd or generate 0.0% return on investment in Eonmetall Group over 720 days. Eonmetall Group is related to or competes with Malaysia Steel, and Mycron Steel. More

Eonmetall 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 Eonmetall 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 Eonmetall Group Bhd upside and downside potential and time the market with a certain degree of confidence.

Eonmetall Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Eonmetall Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eonmetall Group's standard deviation. In reality, there are many statistical measures that can use Eonmetall Group historical prices to predict the future Eonmetall Group's volatility.
Hype
Prediction
LowEstimatedHigh
0.020.323.56
Details
Intrinsic
Valuation
LowRealHigh
0.010.283.52
Details
Naive
Forecast
LowNextHigh
0.010.333.57
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.310.320.32
Details

Eonmetall Group Bhd Backtested Returns

Eonmetall Group Bhd secures Sharpe Ratio (or Efficiency) of -0.0571, which denotes the company had a -0.0571% return per unit of risk over the last 3 months. Eonmetall Group Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eonmetall Group's Standard Deviation of 3.18, mean deviation of 2.12, and Variance of 10.14 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.19, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eonmetall Group are expected to decrease by larger amounts. On the other hand, during market turmoil, Eonmetall Group is expected to outperform it. At this point, Eonmetall Group Bhd has a negative expected return of -0.19%. Please make sure to confirm Eonmetall Group's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Eonmetall Group Bhd performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.86  

Very good predictability

Eonmetall Group Bhd has very good predictability. Overlapping area represents the amount of predictability between Eonmetall Group time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Eonmetall Group Bhd price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Eonmetall Group price fluctuation can be explain by its past prices.
Correlation Coefficient0.86
Spearman Rank Test0.79
Residual Average0.0
Price Variance0.0

Eonmetall Group Bhd lagged returns against current returns

Autocorrelation, which is Eonmetall 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 Eonmetall Group's stock expected returns. We can calculate the autocorrelation of Eonmetall Group returns to help us make a trade decision. For example, suppose you find that Eonmetall 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  

Eonmetall 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 Eonmetall Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eonmetall Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eonmetall Group stock over time.
   Current vs Lagged Prices   
       Timeline  

Eonmetall Group Lagged Returns

When evaluating Eonmetall Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eonmetall Group stock have on its future price. Eonmetall 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, Eonmetall Group autocorrelation shows the relationship between Eonmetall Group stock current value and its past values and can show if there is a momentum factor associated with investing in Eonmetall Group Bhd.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Eonmetall Stock

Eonmetall Group financial ratios help investors to determine whether Eonmetall 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 Eonmetall with respect to the benefits of owning Eonmetall Group security.