Alucon Public (Thailand) Market Value
| ALUCON Stock | THB 169.00 0.50 0.30% |
| Symbol | Alucon |
Alucon Public '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 Alucon Public'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 Alucon Public.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Alucon Public on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Alucon Public or generate 0.0% return on investment in Alucon Public over 180 days. Alucon Public is related to or competes with Aikchol Hospital, AJ Plast, Bangkok Aviation, and Advanced Information. Alucon Public Company Limited produces and distributes aluminum containers primarily in Thailand More
Alucon Public 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 Alucon Public'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 Alucon Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.5917 |
Alucon Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alucon Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alucon Public's standard deviation. In reality, there are many statistical measures that can use Alucon Public historical prices to predict the future Alucon Public's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 2.4 |
Alucon Public Backtested Returns
Alucon Public secures Sharpe Ratio (or Efficiency) of -0.066, which signifies that the company had a -0.066% return per unit of risk over the last 3 months. Alucon Public exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alucon Public's Mean Deviation of 0.4007, standard deviation of 0.6687, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0271, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alucon Public are expected to decrease at a much lower rate. During the bear market, Alucon Public is likely to outperform the market. At this point, Alucon Public has a negative expected return of -0.0454%. Please make sure to confirm Alucon Public's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Alucon Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Alucon Public has very weak predictability. Overlapping area represents the amount of predictability between Alucon Public time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Alucon Public price movement. The serial correlation of 0.17 indicates that over 17.0% of current Alucon Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 5.08 |
Alucon Public lagged returns against current returns
Autocorrelation, which is Alucon Public 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 Alucon Public's stock expected returns. We can calculate the autocorrelation of Alucon Public returns to help us make a trade decision. For example, suppose you find that Alucon Public 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 |
Alucon Public 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 Alucon Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alucon Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alucon Public stock over time.
Current vs Lagged Prices |
| Timeline |
Alucon Public Lagged Returns
When evaluating Alucon Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alucon Public stock have on its future price. Alucon Public 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, Alucon Public autocorrelation shows the relationship between Alucon Public stock current value and its past values and can show if there is a momentum factor associated with investing in Alucon Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Alucon Stock
Alucon Public financial ratios help investors to determine whether Alucon 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 Alucon with respect to the benefits of owning Alucon Public security.