Asia Medical (Thailand) Market Value
| AMARC Stock | 1.38 0.04 2.82% |
| Symbol | Asia |
Asia Medical '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 Asia Medical'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 Asia Medical.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Asia Medical on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Medical Agricultural or generate 0.0% return on investment in Asia Medical over 390 days. Asia Medical is related to or competes with Asian Alliance, Klinique Med, and Exotic Food. More
Asia Medical 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 Asia Medical'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 Asia Medical Agricultural upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.15 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 3.73 |
Asia Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Medical's standard deviation. In reality, there are many statistical measures that can use Asia Medical historical prices to predict the future Asia Medical's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.0649 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asia Medical'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.
Asia Medical Agricultural Backtested Returns
Asia Medical Agricultural secures Sharpe Ratio (or Efficiency) of -0.0094, which signifies that the company had a -0.0094% return per unit of risk over the last 3 months. Asia Medical Agricultural exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Medical's Risk Adjusted Performance of 0.0327, mean deviation of 1.67, and Downside Deviation of 2.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.067, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Medical is expected to be smaller as well. At this point, Asia Medical Agricultural has a negative expected return of -0.0215%. Please make sure to confirm Asia Medical's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Asia Medical Agricultural performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Asia Medical Agricultural has insignificant reverse predictability. Overlapping area represents the amount of predictability between Asia Medical time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Asia Medical Agricultural price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Asia Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asia Medical Agricultural lagged returns against current returns
Autocorrelation, which is Asia Medical 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 Asia Medical's stock expected returns. We can calculate the autocorrelation of Asia Medical returns to help us make a trade decision. For example, suppose you find that Asia Medical 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 |
Asia Medical 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 Asia Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Medical Lagged Returns
When evaluating Asia Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Medical stock have on its future price. Asia Medical 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, Asia Medical autocorrelation shows the relationship between Asia Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Medical Agricultural.
Regressed Prices |
| Timeline |
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Asia Medical financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Medical security.