Earth Tech (Thailand) Market Value
| ETC Stock | THB 1.93 0.04 2.03% |
| Symbol | Earth |
Earth Tech '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 Earth Tech'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 Earth Tech.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Earth Tech on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Earth Tech Environment or generate 0.0% return on investment in Earth Tech over 360 days. Earth Tech is related to or competes with BCPG Public, Energy Absolute, Gunkul Engineering, Gulf Energy, and Global Power. Earth Tech Environment Public Company Limited generates and distributes electricity using industrial waste and processed... More
Earth Tech 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 Earth Tech'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 Earth Tech Environment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.14 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 4.04 |
Earth Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Earth Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Earth Tech's standard deviation. In reality, there are many statistical measures that can use Earth Tech historical prices to predict the future Earth Tech's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.13) |
Earth Tech Environment Backtested Returns
Earth Tech Environment secures Sharpe Ratio (or Efficiency) of -0.0816, which denotes the company had a -0.0816% return per unit of risk over the last 3 months. Earth Tech Environment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Earth Tech's Mean Deviation of 1.94, variance of 8.43, and Standard Deviation of 2.9 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, Earth Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Earth Tech is expected to be smaller as well. At this point, Earth Tech Environment has a negative expected return of -0.24%. Please make sure to confirm Earth Tech's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Earth Tech Environment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Earth Tech Environment has insignificant predictability. Overlapping area represents the amount of predictability between Earth Tech time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Earth Tech Environment price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Earth Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Earth Tech Environment lagged returns against current returns
Autocorrelation, which is Earth Tech 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 Earth Tech's stock expected returns. We can calculate the autocorrelation of Earth Tech returns to help us make a trade decision. For example, suppose you find that Earth Tech 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 |
Earth Tech 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 Earth Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Earth Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Earth Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Earth Tech Lagged Returns
When evaluating Earth Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Earth Tech stock have on its future price. Earth Tech 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, Earth Tech autocorrelation shows the relationship between Earth Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Earth Tech Environment.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Earth Stock
Earth Tech financial ratios help investors to determine whether Earth 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 Earth with respect to the benefits of owning Earth Tech security.