General Engineering (Thailand) Market Value
| GEL Stock | THB 0.09 0.01 10.00% |
| Symbol | General |
General Engineering '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 General Engineering'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 General Engineering.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in General Engineering on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding General Engineering Public or generate 0.0% return on investment in General Engineering over 30 days. General Engineering is related to or competes with Thantawan Industry, Erawan, Jay Mart, Airports, Eastern Technical, Gunkul Engineering, and Dcon Products. General Engineering Public Company Limited manufactures and sells concrete products in Thailand More
General Engineering 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 General Engineering'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 General Engineering Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.98 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 40.0 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
General Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for General Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as General Engineering's standard deviation. In reality, there are many statistical measures that can use General Engineering historical prices to predict the future General Engineering's volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | 0.0924 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.18) |
General Engineering Backtested Returns
General Engineering holds Efficiency (Sharpe) Ratio of -0.0709, which attests that the entity had a -0.0709% return per unit of risk over the last 3 months. General Engineering exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out General Engineering's Market Risk Adjusted Performance of (0.17), risk adjusted performance of 0.0164, and Downside Deviation of 8.98 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning General Engineering are expected to decrease at a much lower rate. During the bear market, General Engineering is likely to outperform the market. At this point, General Engineering has a negative expected return of -0.42%. Please make sure to check out General Engineering's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if General Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
General Engineering Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between General Engineering time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 General Engineering price movement. The serial correlation of -0.16 indicates that over 16.0% of current General Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
General Engineering lagged returns against current returns
Autocorrelation, which is General Engineering 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 General Engineering's stock expected returns. We can calculate the autocorrelation of General Engineering returns to help us make a trade decision. For example, suppose you find that General Engineering 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 |
General Engineering 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 General Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if General Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in General Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
General Engineering Lagged Returns
When evaluating General Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of General Engineering stock have on its future price. General Engineering 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, General Engineering autocorrelation shows the relationship between General Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in General Engineering Public.
Regressed Prices |
| Timeline |
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General Engineering financial ratios help investors to determine whether General 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 General with respect to the benefits of owning General Engineering security.