Harn Len (Malaysia) Market Value
| 7501 Stock | 0.39 0.01 2.50% |
| Symbol | Harn |
Harn Len '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 Harn Len'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 Harn Len.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Harn Len on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Harn Len or generate 0.0% return on investment in Harn Len over 30 days. Harn Len is related to or competes with YTL Hospitality, Nova Wellness, Shangri La, Kossan Rubber, Media Prima, and Rubberex M. More
Harn Len 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 Harn Len'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 Harn Len upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.035 | |||
| Maximum Drawdown | 7.78 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.63 |
Harn Len Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harn Len's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harn Len's standard deviation. In reality, there are many statistical measures that can use Harn Len historical prices to predict the future Harn Len's volatility.| Risk Adjusted Performance | 0.048 | |||
| Jensen Alpha | 0.0931 | |||
| Total Risk Alpha | 0.0334 | |||
| Sortino Ratio | 0.0214 | |||
| Treynor Ratio | (0.25) |
Harn Len Backtested Returns
As of now, Harn Stock is extremely dangerous. Harn Len holds Efficiency (Sharpe) Ratio of 0.0559, which attests that the entity had a 0.0559% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Harn Len, which you can use to evaluate the volatility of the firm. Please check out Harn Len's Market Risk Adjusted Performance of (0.24), downside deviation of 2.9, and Risk Adjusted Performance of 0.048 to validate if the risk estimate we provide is consistent with the expected return of 0.0971%. Harn Len has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Harn Len are expected to decrease at a much lower rate. During the bear market, Harn Len is likely to outperform the market. Harn Len right now retains a risk of 1.74%. Please check out Harn Len standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Harn Len will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Harn Len has no correlation between past and present. Overlapping area represents the amount of predictability between Harn Len time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Harn Len price movement. The serial correlation of 0.0 indicates that just 0.0% of current Harn Len price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Harn Len lagged returns against current returns
Autocorrelation, which is Harn Len 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 Harn Len's stock expected returns. We can calculate the autocorrelation of Harn Len returns to help us make a trade decision. For example, suppose you find that Harn Len 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 |
Harn Len 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 Harn Len stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harn Len stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harn Len stock over time.
Current vs Lagged Prices |
| Timeline |
Harn Len Lagged Returns
When evaluating Harn Len's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harn Len stock have on its future price. Harn Len 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, Harn Len autocorrelation shows the relationship between Harn Len stock current value and its past values and can show if there is a momentum factor associated with investing in Harn Len.
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 Harn Stock
Harn Len financial ratios help investors to determine whether Harn 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 Harn with respect to the benefits of owning Harn Len security.