Asia Hotel (Thailand) Market Value
| ASIA Stock | THB 6.60 0.10 1.49% |
| Symbol | Asia |
Asia Hotel '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 Hotel'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 Hotel.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Asia Hotel on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Hotel Public or generate 0.0% return on investment in Asia Hotel over 360 days. Asia Hotel is related to or competes with Central Pattana, CP ALL, Bangkok Dusit, and Airports. Asia Hotel Public Company Limited, together with its subsidiaries, engages in the hotel and restaurant business in Thail... More
Asia Hotel 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 Hotel'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 Hotel Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.49 |
Asia Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Hotel's standard deviation. In reality, there are many statistical measures that can use Asia Hotel historical prices to predict the future Asia Hotel's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.29) |
Asia Hotel Public Backtested Returns
Asia Hotel is out of control given 3 months investment horizon. Asia Hotel Public secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.51% are justified by taking the suggested risk. Use Asia Hotel Risk Adjusted Performance of (0.01), mean deviation of 0.467, and Standard Deviation of 0.7892 to evaluate company specific risk that cannot be diversified away. Asia Hotel holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.064, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Hotel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Hotel is expected to be smaller as well. Use Asia Hotel jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to analyze future returns on Asia Hotel.
Auto-correlation | 0.19 |
Very weak predictability
Asia Hotel Public has very weak predictability. Overlapping area represents the amount of predictability between Asia Hotel time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Hotel Public price movement. The serial correlation of 0.19 indicates that over 19.0% of current Asia Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
Asia Hotel Public lagged returns against current returns
Autocorrelation, which is Asia Hotel 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 Hotel's stock expected returns. We can calculate the autocorrelation of Asia Hotel returns to help us make a trade decision. For example, suppose you find that Asia Hotel 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 Hotel 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 Hotel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Hotel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Hotel stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Hotel Lagged Returns
When evaluating Asia Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Hotel stock have on its future price. Asia Hotel 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 Hotel autocorrelation shows the relationship between Asia Hotel stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Hotel Public.
Regressed Prices |
| Timeline |
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Asia Hotel 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 Hotel security.