Advanced Connection (Thailand) Market Value
| ACC Stock | THB 0.68 0.03 4.23% |
| Symbol | Advanced |
Advanced Connection '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 Connection'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 Connection.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in Advanced Connection on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Advanced Connection or generate 0.0% return on investment in Advanced Connection over 450 days. Advanced Connection is related to or competes with Ekarat Engineering, Asia Green, Better World, Aqua Public, and AIRA Factoring. Advanced Connection Corporation Public Company Limited, together with its subsidiaries, manufactures and distributes cei... More
Advanced Connection 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 Connection'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 Connection upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.84 | |||
| Information Ratio | 0.1032 | |||
| Maximum Drawdown | 32.29 | |||
| Value At Risk | (8.79) | |||
| Potential Upside | 14.0 |
Advanced Connection Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Connection's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Connection's standard deviation. In reality, there are many statistical measures that can use Advanced Connection historical prices to predict the future Advanced Connection's volatility.| Risk Adjusted Performance | 0.1047 | |||
| Jensen Alpha | 0.9192 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.1091 | |||
| Treynor Ratio | (0.63) |
Advanced Connection Backtested Returns
Advanced Connection appears to be out of control, given 3 months investment horizon. Advanced Connection secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Advanced Connection's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please makes use of Advanced Connection's Mean Deviation of 4.27, risk adjusted performance of 0.1047, and Downside Deviation of 5.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advanced Connection holds a performance score of 10. The firm shows a Beta (market volatility) of -1.21, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Advanced Connection are expected to decrease by larger amounts. On the other hand, during market turmoil, Advanced Connection is expected to outperform it. Please check Advanced Connection's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Advanced Connection's price patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Advanced Connection has weak reverse predictability. Overlapping area represents the amount of predictability between Advanced Connection time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 to 2nd 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 Connection price movement. The serial correlation of -0.23 indicates that over 23.0% of current Advanced Connection price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Advanced Connection lagged returns against current returns
Autocorrelation, which is Advanced Connection 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 Connection's stock expected returns. We can calculate the autocorrelation of Advanced Connection returns to help us make a trade decision. For example, suppose you find that Advanced Connection 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 Connection 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 Connection stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Connection stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Connection stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Connection Lagged Returns
When evaluating Advanced Connection's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Connection stock have on its future price. Advanced Connection 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 Connection autocorrelation shows the relationship between Advanced Connection stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Connection.
Regressed Prices |
| Timeline |
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Advanced Connection 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 Connection security.