KL Technology (Malaysia) Market Value

KLTE Index   73.83  0.37  0.50%   
KL Technology's market value is the price at which a share of KL Technology trades on a public exchange. It measures the collective expectations of KL Technology investors about its performance. KL Technology is enlisted at 73.83 as of the 27th of May 2024; that is 0.50 percent increase since the beginning of the trading day. The index's open price was 73.46.
With this module, you can estimate the performance of a buy and hold strategy of KL Technology and determine expected loss or profit from investing in KL Technology over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

KL Technology '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 KL Technology's index 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 KL Technology.
No Change 0.00  0.0 
In 5 months and 29 days
If you would invest  0.00  in KL Technology on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding KL Technology or generate 0.0% return on investment in KL Technology over 180 days.

KL Technology 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 KL Technology's index 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 KL Technology upside and downside potential and time the market with a certain degree of confidence.

KL Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for KL Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KL Technology's standard deviation. In reality, there are many statistical measures that can use KL Technology historical prices to predict the future KL Technology's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of KL Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as KL Technology. Your research has to be compared to or analyzed against KL Technology's peers to derive any actionable benefits. When done correctly, KL Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in KL Technology.

KL Technology Backtested Returns

KL Technology retains Efficiency (Sharpe Ratio) of 0.28, which conveys that the entity had a 0.28% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for KL Technology, which you can use to evaluate the volatility of the index. The index owns a Beta (Systematic Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and KL Technology are completely uncorrelated.



Average predictability

KL Technology has average predictability. Overlapping area represents the amount of predictability between KL Technology time series from 29th of November 2023 to 27th of February 2024 and 27th of February 2024 to 27th of May 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 KL Technology price movement. The serial correlation of 0.46 indicates that about 46.0% of current KL Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.33
Residual Average0.0
Price Variance8.6

KL Technology lagged returns against current returns

Autocorrelation, which is KL Technology index'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 KL Technology's index expected returns. We can calculate the autocorrelation of KL Technology returns to help us make a trade decision. For example, suppose you find that KL Technology has exhibited high autocorrelation historically, and you observe that the index 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   

KL Technology 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 KL Technology index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KL Technology index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KL Technology index over time.
   Current vs Lagged Prices   

KL Technology Lagged Returns

When evaluating KL Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KL Technology index have on its future price. KL Technology 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, KL Technology autocorrelation shows the relationship between KL Technology index current value and its past values and can show if there is a momentum factor associated with investing in KL Technology.
   Regressed Prices   

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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.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
KL Technology technical index analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, index market cycles, or different charting patterns.
A focus of KL Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of KL Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...