BPS TECHNOLOGY (Thailand) Market Value
| BPS Stock | 0.54 0.01 1.89% |
| Symbol | BPS |
BPS TECHNOLOGY '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 BPS TECHNOLOGY'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 BPS TECHNOLOGY.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in BPS TECHNOLOGY on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding BPS TECHNOLOGY PUBLIC or generate 0.0% return on investment in BPS TECHNOLOGY over 30 days.
BPS TECHNOLOGY 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 BPS TECHNOLOGY'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 BPS TECHNOLOGY PUBLIC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 20.07 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 7.25 |
BPS TECHNOLOGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BPS TECHNOLOGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BPS TECHNOLOGY's standard deviation. In reality, there are many statistical measures that can use BPS TECHNOLOGY historical prices to predict the future BPS TECHNOLOGY's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | 0.1464 |
BPS TECHNOLOGY PUBLIC Backtested Returns
BPS TECHNOLOGY PUBLIC secures Sharpe Ratio (or Efficiency) of -0.048, which signifies that the company had a -0.048% return per unit of risk over the last 3 months. BPS TECHNOLOGY PUBLIC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BPS TECHNOLOGY's mean deviation of 2.66, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.38, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning BPS TECHNOLOGY are expected to decrease by larger amounts. On the other hand, during market turmoil, BPS TECHNOLOGY is expected to outperform it. At this point, BPS TECHNOLOGY PUBLIC has a negative expected return of -0.18%. Please make sure to confirm BPS TECHNOLOGY's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if BPS TECHNOLOGY PUBLIC performance from the past will be repeated at future time.
Auto-correlation | -0.14 |
Insignificant reverse predictability
BPS TECHNOLOGY PUBLIC has insignificant reverse predictability. Overlapping area represents the amount of predictability between BPS TECHNOLOGY time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 BPS TECHNOLOGY PUBLIC price movement. The serial correlation of -0.14 indicates that less than 14.0% of current BPS TECHNOLOGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BPS TECHNOLOGY PUBLIC lagged returns against current returns
Autocorrelation, which is BPS TECHNOLOGY 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 BPS TECHNOLOGY's stock expected returns. We can calculate the autocorrelation of BPS TECHNOLOGY returns to help us make a trade decision. For example, suppose you find that BPS TECHNOLOGY 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 |
BPS TECHNOLOGY 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 BPS TECHNOLOGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BPS TECHNOLOGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BPS TECHNOLOGY stock over time.
Current vs Lagged Prices |
| Timeline |
BPS TECHNOLOGY Lagged Returns
When evaluating BPS TECHNOLOGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BPS TECHNOLOGY stock have on its future price. BPS TECHNOLOGY 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, BPS TECHNOLOGY autocorrelation shows the relationship between BPS TECHNOLOGY stock current value and its past values and can show if there is a momentum factor associated with investing in BPS TECHNOLOGY PUBLIC.
Regressed Prices |
| Timeline |
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