Eastern Star (Thailand) Market Value
| ESTAR Stock | THB 0.23 0.01 4.55% |
| Symbol | Eastern |
Eastern Star '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 Star'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 Star.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Eastern Star on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Eastern Star Real or generate 0.0% return on investment in Eastern Star over 390 days. Eastern Star is related to or competes with Bangkok Land, Everland Public, Amata Public, Chonburi Concrete, and Country Group. Eastern Star Real Estate Public Company Limited, together with its subsidiaries, engages in the property development bus... More
Eastern Star 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 Star'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 Star Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.35 |
Eastern Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Star's standard deviation. In reality, there are many statistical measures that can use Eastern Star historical prices to predict the future Eastern Star's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.12) |
Eastern Star Real Backtested Returns
At this point, Eastern Star is out of control. Eastern Star Real secures Sharpe Ratio (or Efficiency) of 0.0114, which denotes the company had a 0.0114% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Eastern Star Real, which you can use to evaluate the volatility of the firm. Please confirm Eastern Star's Standard Deviation of 2.41, variance of 5.81, and Mean Deviation of 1.24 to check if the risk estimate we provide is consistent with the expected return of 0.0267%. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eastern Star's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern Star is expected to be smaller as well. Eastern Star Real right now shows a risk of 2.34%. Please confirm Eastern Star Real total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Eastern Star Real will be following its price patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Eastern Star Real has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eastern Star time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Star Real price movement. The serial correlation of -0.19 indicates that over 19.0% of current Eastern Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eastern Star Real lagged returns against current returns
Autocorrelation, which is Eastern Star 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 Star's stock expected returns. We can calculate the autocorrelation of Eastern Star returns to help us make a trade decision. For example, suppose you find that Eastern Star 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 Star 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 Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Star stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Star Lagged Returns
When evaluating Eastern Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Star stock have on its future price. Eastern Star 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 Star autocorrelation shows the relationship between Eastern Star stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Star Real.
Regressed Prices |
| Timeline |
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Eastern Star 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 Star security.