Mercury Industries (Malaysia) Market Value
| 8192 Stock | 0.90 0.01 1.10% |
| Symbol | Mercury |
Mercury Industries '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 Mercury Industries' 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 Mercury Industries.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Mercury Industries on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Mercury Industries Bhd or generate 0.0% return on investment in Mercury Industries over 390 days. Mercury Industries is related to or competes with Sunway Construction, PESTECH International, Ho Hup, Central Industrial, and . More
Mercury Industries 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 Mercury Industries' 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 Mercury Industries Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.0 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 5.1 |
Mercury Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercury Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercury Industries' standard deviation. In reality, there are many statistical measures that can use Mercury Industries historical prices to predict the future Mercury Industries' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (15.07) |
Mercury Industries Bhd Backtested Returns
Mercury Industries Bhd has Sharpe Ratio of -0.0817, which conveys that the firm had a -0.0817% return per unit of risk over the last 3 months. Mercury Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercury Industries' Mean Deviation of 1.52, standard deviation of 2.37, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0074, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mercury Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mercury Industries is expected to be smaller as well. At this point, Mercury Industries Bhd has a negative expected return of -0.19%. Please make sure to verify Mercury Industries' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Mercury Industries Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Mercury Industries Bhd has very weak reverse predictability. Overlapping area represents the amount of predictability between Mercury Industries 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 Mercury Industries Bhd price movement. The serial correlation of -0.01 indicates that just 1.0% of current Mercury Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mercury Industries Bhd lagged returns against current returns
Autocorrelation, which is Mercury Industries 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 Mercury Industries' stock expected returns. We can calculate the autocorrelation of Mercury Industries returns to help us make a trade decision. For example, suppose you find that Mercury Industries 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 |
Mercury Industries 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 Mercury Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercury Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercury Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Mercury Industries Lagged Returns
When evaluating Mercury Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercury Industries stock have on its future price. Mercury Industries 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, Mercury Industries autocorrelation shows the relationship between Mercury Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Mercury Industries 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 Mercury Stock
Mercury Industries financial ratios help investors to determine whether Mercury 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 Mercury with respect to the benefits of owning Mercury Industries security.