AJ Plast (Thailand) Market Value
| AJ Stock | 4.80 0.02 0.41% |
| Symbol | AJ Plast |
AJ Plast '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 AJ Plast'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 AJ Plast.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in AJ Plast on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding AJ Plast Public or generate 0.0% return on investment in AJ Plast over 30 days. AJ Plast is related to or competes with AAPICO Hitech, AP Public, Aikchol Hospital, Bank of Ayudhya, and Asia Fiber. More
AJ Plast 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 AJ Plast'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 AJ Plast Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.0 |
AJ Plast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AJ Plast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AJ Plast's standard deviation. In reality, there are many statistical measures that can use AJ Plast historical prices to predict the future AJ Plast's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 3.19 |
AJ Plast Public Backtested Returns
AJ Plast is out of control given 3 months investment horizon. AJ Plast Public retains Efficiency (Sharpe Ratio) of 0.11, which signifies that the company had a 0.11% return per unit of price deviation over the last 3 months. We have analyzed twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.86% are justified by taking the suggested risk. Use AJ Plast Public Information Ratio of (0.21), variance of 2.13, and Market Risk Adjusted Performance of 3.2 to evaluate company specific risk that cannot be diversified away. AJ Plast holds a performance score of 8 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -0.0555, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AJ Plast are expected to decrease at a much lower rate. During the bear market, AJ Plast is likely to outperform the market. Use AJ Plast Public total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to analyze future returns on AJ Plast Public.
Auto-correlation | 0.65 |
Good predictability
AJ Plast Public has good predictability. Overlapping area represents the amount of predictability between AJ Plast time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 AJ Plast Public price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current AJ Plast price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AJ Plast Public lagged returns against current returns
Autocorrelation, which is AJ Plast 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 AJ Plast's stock expected returns. We can calculate the autocorrelation of AJ Plast returns to help us make a trade decision. For example, suppose you find that AJ Plast 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 |
AJ Plast 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 AJ Plast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AJ Plast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AJ Plast stock over time.
Current vs Lagged Prices |
| Timeline |
AJ Plast Lagged Returns
When evaluating AJ Plast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AJ Plast stock have on its future price. AJ Plast 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, AJ Plast autocorrelation shows the relationship between AJ Plast stock current value and its past values and can show if there is a momentum factor associated with investing in AJ Plast Public.
Regressed Prices |
| Timeline |
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AJ Plast financial ratios help investors to determine whether AJ Plast 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 AJ Plast with respect to the benefits of owning AJ Plast security.