Gunkul Engineering (Thailand) Market Value
| GUNKUL Stock | THB 2.34 0.04 1.74% |
| Symbol | Gunkul |
Gunkul 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 Gunkul 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 Gunkul Engineering.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Gunkul Engineering on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Gunkul Engineering Public or generate 0.0% return on investment in Gunkul Engineering over 180 days. Gunkul Engineering is related to or competes with Gulf Energy, Energy Absolute, Banpu Public, WHA Public, and Global Power. Gunkul Engineering Public Company Limited manufactures, distributes, imports, and exports electrical systems and equipme... More
Gunkul 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 Gunkul 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 Gunkul Engineering Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.0 |
Gunkul Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gunkul Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gunkul Engineering's standard deviation. In reality, there are many statistical measures that can use Gunkul Engineering historical prices to predict the future Gunkul Engineering's volatility.| Risk Adjusted Performance | 0.0161 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0999 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gunkul Engineering's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gunkul Engineering Public Backtested Returns
Gunkul Engineering Public holds Efficiency (Sharpe) Ratio of -5.0E-4, which attests that the entity had a -5.0E-4% return per unit of risk over the last 3 months. Gunkul Engineering Public exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gunkul Engineering's Downside Deviation of 2.5, market risk adjusted performance of 0.1099, and Risk Adjusted Performance of 0.0161 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gunkul Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gunkul Engineering is expected to be smaller as well. At this point, Gunkul Engineering Public has a negative expected return of -0.0012%. Please make sure to check out Gunkul Engineering's maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Gunkul Engineering Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Gunkul Engineering Public has weak predictability. Overlapping area represents the amount of predictability between Gunkul Engineering time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Gunkul Engineering Public price movement. The serial correlation of 0.23 indicates that over 23.0% of current Gunkul Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Gunkul Engineering Public lagged returns against current returns
Autocorrelation, which is Gunkul 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 Gunkul Engineering's stock expected returns. We can calculate the autocorrelation of Gunkul Engineering returns to help us make a trade decision. For example, suppose you find that Gunkul 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 |
Gunkul 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 Gunkul Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gunkul Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gunkul Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Gunkul Engineering Lagged Returns
When evaluating Gunkul Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gunkul Engineering stock have on its future price. Gunkul 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, Gunkul Engineering autocorrelation shows the relationship between Gunkul Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Gunkul Engineering Public.
Regressed Prices |
| Timeline |
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Gunkul Engineering financial ratios help investors to determine whether Gunkul 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 Gunkul with respect to the benefits of owning Gunkul Engineering security.