Scientex Packaging (Malaysia) Market Value
| 8125 Stock | 1.86 0.02 1.06% |
| Symbol | Scientex |
Scientex Packaging '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 Scientex Packaging'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 Scientex Packaging.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in Scientex Packaging on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Scientex Packaging or generate 0.0% return on investment in Scientex Packaging over 720 days. Scientex Packaging is related to or competes with Scientex Bhd, BP Plastics, Versatile Creative, and Advanced Packaging. More
Scientex Packaging 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 Scientex Packaging'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 Scientex Packaging upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.33 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.06 |
Scientex Packaging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scientex Packaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scientex Packaging's standard deviation. In reality, there are many statistical measures that can use Scientex Packaging historical prices to predict the future Scientex Packaging's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (4.35) |
Scientex Packaging Backtested Returns
Scientex Packaging owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0264, which indicates the firm had a -0.0264% return per unit of risk over the last 3 months. Scientex Packaging exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scientex Packaging's Coefficient Of Variation of (3,850), risk adjusted performance of (0.02), and Variance of 1.08 to confirm the risk estimate we provide. The entity has a beta of 0.0085, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scientex Packaging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scientex Packaging is expected to be smaller as well. At this point, Scientex Packaging has a negative expected return of -0.0278%. Please make sure to validate Scientex Packaging's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Scientex Packaging performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Scientex Packaging has below average predictability. Overlapping area represents the amount of predictability between Scientex Packaging time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 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 Scientex Packaging price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Scientex Packaging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scientex Packaging lagged returns against current returns
Autocorrelation, which is Scientex Packaging 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 Scientex Packaging's stock expected returns. We can calculate the autocorrelation of Scientex Packaging returns to help us make a trade decision. For example, suppose you find that Scientex Packaging 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 |
Scientex Packaging 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 Scientex Packaging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scientex Packaging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scientex Packaging stock over time.
Current vs Lagged Prices |
| Timeline |
Scientex Packaging Lagged Returns
When evaluating Scientex Packaging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scientex Packaging stock have on its future price. Scientex Packaging 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, Scientex Packaging autocorrelation shows the relationship between Scientex Packaging stock current value and its past values and can show if there is a momentum factor associated with investing in Scientex Packaging.
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 Scientex Stock
Scientex Packaging financial ratios help investors to determine whether Scientex 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 Scientex with respect to the benefits of owning Scientex Packaging security.