Advanced Packaging (Malaysia) Market Value
| 9148 Stock | 0.64 0.01 1.59% |
| Symbol | Advanced |
Advanced 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 Advanced 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 Advanced Packaging.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Advanced Packaging on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Advanced Packaging Tech or generate 0.0% return on investment in Advanced Packaging over 720 days. Advanced Packaging is related to or competes with BP Plastics, Al Aqar, PMB Technology, Minetech Resources, Dufu Tech, and Sunzen Biotech. More
Advanced 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 Advanced 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 Advanced Packaging Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.06 | |||
| Value At Risk | (1.56) |
Advanced Packaging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Packaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Packaging's standard deviation. In reality, there are many statistical measures that can use Advanced Packaging historical prices to predict the future Advanced Packaging's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 6.07 |
Advanced Packaging Tech Backtested Returns
Advanced Packaging Tech secures Sharpe Ratio (or Efficiency) of -0.0531, which signifies that the company had a -0.0531% return per unit of risk over the last 3 months. Advanced Packaging Tech exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Advanced Packaging's Risk Adjusted Performance of (0.08), standard deviation of 0.9919, and Mean Deviation of 0.4314 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0196, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Advanced Packaging are expected to decrease at a much lower rate. During the bear market, Advanced Packaging is likely to outperform the market. At this point, Advanced Packaging Tech has a negative expected return of -0.0459%. Please make sure to confirm Advanced Packaging's treynor ratio, kurtosis, and the relationship between the total risk alpha and skewness , to decide if Advanced Packaging Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Advanced Packaging Tech has virtually no predictability. Overlapping area represents the amount of predictability between Advanced Packaging time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Advanced Packaging Tech price movement. The serial correlation of 0.02 indicates that only 2.0% of current Advanced Packaging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Advanced Packaging Tech lagged returns against current returns
Autocorrelation, which is Advanced 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 Advanced Packaging's stock expected returns. We can calculate the autocorrelation of Advanced Packaging returns to help us make a trade decision. For example, suppose you find that Advanced 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 |
Advanced 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 Advanced Packaging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Packaging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Packaging stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Packaging Lagged Returns
When evaluating Advanced Packaging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Packaging stock have on its future price. Advanced 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, Advanced Packaging autocorrelation shows the relationship between Advanced Packaging stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Packaging Tech.
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 Advanced Stock
Advanced Packaging financial ratios help investors to determine whether Advanced 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 Advanced with respect to the benefits of owning Advanced Packaging security.