Bumrungrad Hospital (Thailand) Market Value
| BH Stock | THB 209.00 1.00 0.48% |
| Symbol | Bumrungrad |
Bumrungrad Hospital '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 Bumrungrad Hospital'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 Bumrungrad Hospital.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Bumrungrad Hospital on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Bumrungrad Hospital Public or generate 0.0% return on investment in Bumrungrad Hospital over 30 days. Bumrungrad Hospital is related to or competes with Bangkok Dusit, CP ALL, Central Pattana, Airports, and Kasikornbank Public. Bumrungrad Hospital Public Company Limited operates a multi-specialty hospital in Bangkok, Thailand More
Bumrungrad Hospital 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 Bumrungrad Hospital'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 Bumrungrad Hospital Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.38 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 2.46 |
Bumrungrad Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bumrungrad Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bumrungrad Hospital's standard deviation. In reality, there are many statistical measures that can use Bumrungrad Hospital historical prices to predict the future Bumrungrad Hospital's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.2188 |
Bumrungrad Hospital Backtested Returns
Bumrungrad Hospital secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Bumrungrad Hospital Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bumrungrad Hospital's Mean Deviation of 1.28, risk adjusted performance of (0.08), and Standard Deviation of 1.99 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.03, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Bumrungrad Hospital are expected to decrease slowly. On the other hand, during market turmoil, Bumrungrad Hospital is expected to outperform it slightly. At this point, Bumrungrad Hospital has a negative expected return of -0.27%. Please make sure to confirm Bumrungrad Hospital's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Bumrungrad Hospital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Bumrungrad Hospital Public has weak predictability. Overlapping area represents the amount of predictability between Bumrungrad Hospital time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 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 Bumrungrad Hospital price movement. The serial correlation of 0.2 indicates that over 20.0% of current Bumrungrad Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 2.79 |
Bumrungrad Hospital lagged returns against current returns
Autocorrelation, which is Bumrungrad Hospital 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 Bumrungrad Hospital's stock expected returns. We can calculate the autocorrelation of Bumrungrad Hospital returns to help us make a trade decision. For example, suppose you find that Bumrungrad Hospital 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 |
Bumrungrad Hospital 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 Bumrungrad Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bumrungrad Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bumrungrad Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Bumrungrad Hospital Lagged Returns
When evaluating Bumrungrad Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bumrungrad Hospital stock have on its future price. Bumrungrad Hospital 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, Bumrungrad Hospital autocorrelation shows the relationship between Bumrungrad Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Bumrungrad Hospital Public.
Regressed Prices |
| Timeline |
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Bumrungrad Hospital financial ratios help investors to determine whether Bumrungrad 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 Bumrungrad with respect to the benefits of owning Bumrungrad Hospital security.