Resintech Bhd (Malaysia) Market Value
| 7232 Stock | 0.72 0.03 4.35% |
| Symbol | Resintech |
Resintech Bhd '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 Resintech Bhd'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 Resintech Bhd.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Resintech Bhd on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Resintech Bhd or generate 0.0% return on investment in Resintech Bhd over 30 days. Resintech Bhd is related to or competes with Al Aqar, PMB Technology, Minetech Resources, Dufu Tech, Sunzen Biotech, and FARM FRESH. More
Resintech Bhd 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 Resintech Bhd'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 Resintech Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.111 | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.35 |
Resintech Bhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resintech Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resintech Bhd's standard deviation. In reality, there are many statistical measures that can use Resintech Bhd historical prices to predict the future Resintech Bhd's volatility.| Risk Adjusted Performance | 0.1233 | |||
| Jensen Alpha | 0.2775 | |||
| Total Risk Alpha | 0.0637 | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | 0.8257 |
Resintech Bhd Backtested Returns
Resintech Bhd appears to be dangerous, given 3 months investment horizon. Resintech Bhd maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Resintech Bhd, which you can use to evaluate the volatility of the company. Please evaluate Resintech Bhd's Coefficient Of Variation of 620.2, semi deviation of 1.2, and Risk Adjusted Performance of 0.1233 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Resintech Bhd holds a performance score of 8. The company holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Resintech Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Resintech Bhd is expected to be smaller as well. Please check Resintech Bhd's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Resintech Bhd's historical price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Resintech Bhd has very good reverse predictability. Overlapping area represents the amount of predictability between Resintech Bhd time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Resintech Bhd price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Resintech Bhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Resintech Bhd lagged returns against current returns
Autocorrelation, which is Resintech Bhd 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 Resintech Bhd's stock expected returns. We can calculate the autocorrelation of Resintech Bhd returns to help us make a trade decision. For example, suppose you find that Resintech Bhd 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 |
Resintech Bhd 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 Resintech Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resintech Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resintech Bhd stock over time.
Current vs Lagged Prices |
| Timeline |
Resintech Bhd Lagged Returns
When evaluating Resintech Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resintech Bhd stock have on its future price. Resintech Bhd 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, Resintech Bhd autocorrelation shows the relationship between Resintech Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Resintech 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 Resintech Stock
Resintech Bhd financial ratios help investors to determine whether Resintech 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 Resintech with respect to the benefits of owning Resintech Bhd security.