Asia Metal (Thailand) Market Value
| AMC Stock | THB 2.76 0.12 4.17% |
| Symbol | Asia |
Asia Metal '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 Metal'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 Metal.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Asia Metal on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Metal Public or generate 0.0% return on investment in Asia Metal over 30 days. Asia Metal is related to or competes with 2S Metal, AAPICO Hitech, CSP Steel, Bangsaphan Barmill, and AJ Plast. Asia Metal Public Company Limited produces and sells processed steel products in Thailand More
Asia Metal 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 Metal'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 Metal Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 6.22 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.37 |
Asia Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Metal's standard deviation. In reality, there are many statistical measures that can use Asia Metal historical prices to predict the future Asia Metal's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (1.32) |
Asia Metal Public Backtested Returns
Asia Metal Public secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Asia Metal Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Metal's Mean Deviation of 0.7749, standard deviation of 1.17, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Metal is expected to be smaller as well. At this point, Asia Metal Public has a negative expected return of -0.24%. Please make sure to confirm Asia Metal's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Asia Metal Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Asia Metal Public has good predictability. Overlapping area represents the amount of predictability between Asia Metal time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Metal Public price movement. The serial correlation of 0.79 indicates that around 79.0% of current Asia Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asia Metal Public lagged returns against current returns
Autocorrelation, which is Asia Metal 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 Metal's stock expected returns. We can calculate the autocorrelation of Asia Metal returns to help us make a trade decision. For example, suppose you find that Asia Metal 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 Metal 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 Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Metal Lagged Returns
When evaluating Asia Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Metal stock have on its future price. Asia Metal 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 Metal autocorrelation shows the relationship between Asia Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Metal 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 Asia Stock
Asia Metal 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 Metal security.