Gratitude Infinite (Thailand) Market Value
| GIFT Stock | THB 1.81 0.12 6.22% |
| Symbol | Gratitude |
Gratitude Infinite '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 Gratitude Infinite'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 Gratitude Infinite.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Gratitude Infinite on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Gratitude Infinite Public or generate 0.0% return on investment in Gratitude Infinite over 30 days. Gratitude Infinite is related to or competes with Capital Engineering, GFPT Public, Global Green, Hwa Fong, and Bangkok Life. Gratitude Infinite Public Company Limited, together with its subsidiaries, supplies and distributes chemical products in... More
Gratitude Infinite 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 Gratitude Infinite'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 Gratitude Infinite Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 30.64 | |||
| Value At Risk | (6.48) | |||
| Potential Upside | 5.42 |
Gratitude Infinite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gratitude Infinite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gratitude Infinite's standard deviation. In reality, there are many statistical measures that can use Gratitude Infinite historical prices to predict the future Gratitude Infinite's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.02) | |||
| Total Risk Alpha | (1.74) | |||
| Treynor Ratio | 2.12 |
Gratitude Infinite Public Backtested Returns
Gratitude Infinite Public holds Efficiency (Sharpe) Ratio of -0.22, which attests that the entity had a -0.22% return per unit of standard deviation over the last 3 months. Gratitude Infinite Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gratitude Infinite's risk adjusted performance of (0.15), and Market Risk Adjusted Performance of 2.13 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gratitude Infinite are expected to decrease at a much lower rate. During the bear market, Gratitude Infinite is likely to outperform the market. At this point, Gratitude Infinite Public has a negative expected return of -1.06%. Please make sure to check out Gratitude Infinite's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Gratitude Infinite Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Gratitude Infinite Public has poor reverse predictability. Overlapping area represents the amount of predictability between Gratitude Infinite time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Gratitude Infinite Public price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Gratitude Infinite price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Gratitude Infinite Public lagged returns against current returns
Autocorrelation, which is Gratitude Infinite 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 Gratitude Infinite's stock expected returns. We can calculate the autocorrelation of Gratitude Infinite returns to help us make a trade decision. For example, suppose you find that Gratitude Infinite 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 |
Gratitude Infinite 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 Gratitude Infinite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gratitude Infinite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gratitude Infinite stock over time.
Current vs Lagged Prices |
| Timeline |
Gratitude Infinite Lagged Returns
When evaluating Gratitude Infinite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gratitude Infinite stock have on its future price. Gratitude Infinite 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, Gratitude Infinite autocorrelation shows the relationship between Gratitude Infinite stock current value and its past values and can show if there is a momentum factor associated with investing in Gratitude Infinite Public.
Regressed Prices |
| Timeline |
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Gratitude Infinite financial ratios help investors to determine whether Gratitude 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 Gratitude with respect to the benefits of owning Gratitude Infinite security.