Sports Toto (Malaysia) Market Value
| 1562 Stock | 1.49 0.01 0.67% |
| Symbol | Sports |
Sports Toto '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 Sports Toto'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 Sports Toto.
| 09/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Sports Toto on September 19, 2024 and sell it all today you would earn a total of 0.00 from holding Sports Toto Berhad or generate 0.0% return on investment in Sports Toto over 90 days. Sports Toto is related to or competes with Al Aqar, PMB Technology, Minetech Resources, Dufu Tech, Sunzen Biotech, and FARM FRESH. More
Sports Toto 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 Sports Toto'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 Sports Toto Berhad upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.07 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.92 |
Sports Toto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sports Toto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sports Toto's standard deviation. In reality, there are many statistical measures that can use Sports Toto historical prices to predict the future Sports Toto's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.7799 |
Sports Toto Berhad Backtested Returns
Sports Toto Berhad owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.081, which indicates the firm had a -0.081% return per unit of risk over the last 3 months. Sports Toto Berhad exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sports Toto's Coefficient Of Variation of (1,874), variance of 1.38, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.0932, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sports Toto are expected to decrease at a much lower rate. During the bear market, Sports Toto is likely to outperform the market. At this point, Sports Toto Berhad has a negative expected return of -0.0961%. Please make sure to validate Sports Toto's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Sports Toto Berhad performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Sports Toto Berhad has below average predictability. Overlapping area represents the amount of predictability between Sports Toto time series from 19th of September 2024 to 3rd of November 2024 and 3rd of November 2024 to 18th 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 Sports Toto Berhad price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Sports Toto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sports Toto Berhad lagged returns against current returns
Autocorrelation, which is Sports Toto 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 Sports Toto's stock expected returns. We can calculate the autocorrelation of Sports Toto returns to help us make a trade decision. For example, suppose you find that Sports Toto 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 |
Sports Toto 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 Sports Toto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sports Toto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sports Toto stock over time.
Current vs Lagged Prices |
| Timeline |
Sports Toto Lagged Returns
When evaluating Sports Toto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sports Toto stock have on its future price. Sports Toto 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, Sports Toto autocorrelation shows the relationship between Sports Toto stock current value and its past values and can show if there is a momentum factor associated with investing in Sports Toto Berhad.
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 Sports Stock
Sports Toto financial ratios help investors to determine whether Sports 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 Sports with respect to the benefits of owning Sports Toto security.