Eastern Commercial (Thailand) Market Value
| ECL Stock | THB 0.99 0.07 6.60% |
| Symbol | Eastern |
Eastern Commercial '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 Eastern Commercial'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 Eastern Commercial.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Eastern Commercial on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Commercial Leasing or generate 0.0% return on investment in Eastern Commercial over 30 days. Eastern Commercial is related to or competes with KGI Securities, Lalin Property, Hwa Fong, and MCS Steel. Eastern Commercial Leasing Public Company Limited engages in the provision of credit services to personal and juristic p... More
Eastern Commercial 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 Eastern Commercial'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 Eastern Commercial Leasing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.88 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 6.0 |
Eastern Commercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Commercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Commercial's standard deviation. In reality, there are many statistical measures that can use Eastern Commercial historical prices to predict the future Eastern Commercial's volatility.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2903 |
Eastern Commercial Backtested Returns
As of now, Eastern Stock is dangerous. Eastern Commercial secures Sharpe Ratio (or Efficiency) of 0.0143, which denotes the company had a 0.0143% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eastern Commercial Leasing, which you can use to evaluate the volatility of the firm. Please confirm Eastern Commercial's Downside Deviation of 2.76, coefficient of variation of 3448.01, and Mean Deviation of 1.94 to check if the risk estimate we provide is consistent with the expected return of 0.0422%. Eastern Commercial has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Eastern Commercial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern Commercial is expected to be smaller as well. Eastern Commercial right now shows a risk of 2.96%. Please confirm Eastern Commercial treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Eastern Commercial will be following its price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Eastern Commercial Leasing has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Eastern Commercial time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Eastern Commercial price movement. The serial correlation of -0.74 indicates that around 74.0% of current Eastern Commercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eastern Commercial lagged returns against current returns
Autocorrelation, which is Eastern Commercial 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 Eastern Commercial's stock expected returns. We can calculate the autocorrelation of Eastern Commercial returns to help us make a trade decision. For example, suppose you find that Eastern Commercial 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 |
Eastern Commercial 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 Eastern Commercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Commercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Commercial stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Commercial Lagged Returns
When evaluating Eastern Commercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Commercial stock have on its future price. Eastern Commercial 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, Eastern Commercial autocorrelation shows the relationship between Eastern Commercial stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Commercial Leasing.
Regressed Prices |
| Timeline |
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Eastern Commercial financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Commercial security.