AEON Thana (Thailand) Market Value
| AEONTS Stock | THB 123.00 2.00 1.60% |
| Symbol | AEON |
AEON Thana '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 AEON Thana'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 AEON Thana.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in AEON Thana on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding AEON Thana Sinsap or generate 0.0% return on investment in AEON Thana over 60 days. AEON Thana is related to or competes with Krungthai Card, Carabao Group, Kasikornbank Public, Advanced Info, and Home Product. AEON Thana Sinsap Public Company Limited provides various retail finance services in Thailand More
AEON Thana 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 AEON Thana'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 AEON Thana Sinsap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.32 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 4.32 |
AEON Thana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AEON Thana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AEON Thana's standard deviation. In reality, there are many statistical measures that can use AEON Thana historical prices to predict the future AEON Thana's volatility.| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | 0.0712 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AEON Thana'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.
AEON Thana Sinsap Backtested Returns
AEON Thana Sinsap secures Sharpe Ratio (or Efficiency) of -0.0948, which signifies that the company had a -0.0948% return per unit of risk over the last 3 months. AEON Thana Sinsap exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AEON Thana's risk adjusted performance of 0.0148, and Mean Deviation of 1.45 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AEON Thana are expected to decrease at a much lower rate. During the bear market, AEON Thana is likely to outperform the market. At this point, AEON Thana Sinsap has a negative expected return of -0.17%. Please make sure to confirm AEON Thana's semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if AEON Thana Sinsap performance from the past will be repeated in the future.
Auto-correlation | 0.14 |
Insignificant predictability
AEON Thana Sinsap has insignificant predictability. Overlapping area represents the amount of predictability between AEON Thana time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 AEON Thana Sinsap price movement. The serial correlation of 0.14 indicates that less than 14.0% of current AEON Thana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 3.34 |
AEON Thana Sinsap lagged returns against current returns
Autocorrelation, which is AEON Thana 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 AEON Thana's stock expected returns. We can calculate the autocorrelation of AEON Thana returns to help us make a trade decision. For example, suppose you find that AEON Thana 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 |
AEON Thana 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 AEON Thana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AEON Thana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AEON Thana stock over time.
Current vs Lagged Prices |
| Timeline |
AEON Thana Lagged Returns
When evaluating AEON Thana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AEON Thana stock have on its future price. AEON Thana 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, AEON Thana autocorrelation shows the relationship between AEON Thana stock current value and its past values and can show if there is a momentum factor associated with investing in AEON Thana Sinsap.
Regressed Prices |
| Timeline |
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AEON Thana financial ratios help investors to determine whether AEON 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 AEON with respect to the benefits of owning AEON Thana security.