Index International (Thailand) Market Value
| IND Stock | THB 0.81 0.02 2.41% |
| Symbol | Index |
Index International '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 Index International'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 Index International.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Index International on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Index International Group or generate 0.0% return on investment in Index International over 30 days. Index International is related to or competes with Sabuy Technology, Takuni Group, Ngern Tid, and SVI Public. Index International Group Public Company Limited operates as an engineering consultancy company in Thailand More
Index International 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 Index International'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 Index International Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0131 | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.8 |
Index International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Index International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Index International's standard deviation. In reality, there are many statistical measures that can use Index International historical prices to predict the future Index International's volatility.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.0489 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.014 | |||
| Treynor Ratio | 0.7502 |
Index International Backtested Returns
Index International holds Efficiency (Sharpe) Ratio of -0.0532, which attests that the entity had a -0.0532% return per unit of risk over the last 3 months. Index International exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Index International's Downside Deviation of 2.01, market risk adjusted performance of 0.7602, and Risk Adjusted Performance of 0.0285 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0671, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Index International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Index International is expected to be smaller as well. At this point, Index International has a negative expected return of -0.0999%. Please make sure to check out Index International's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Index International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Index International Group has very good reverse predictability. Overlapping area represents the amount of predictability between Index International time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Index International price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Index International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Index International lagged returns against current returns
Autocorrelation, which is Index International 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 Index International's stock expected returns. We can calculate the autocorrelation of Index International returns to help us make a trade decision. For example, suppose you find that Index International 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 |
Index International 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 Index International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Index International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Index International stock over time.
Current vs Lagged Prices |
| Timeline |
Index International Lagged Returns
When evaluating Index International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Index International stock have on its future price. Index International 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, Index International autocorrelation shows the relationship between Index International stock current value and its past values and can show if there is a momentum factor associated with investing in Index International Group.
Regressed Prices |
| Timeline |
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Index International financial ratios help investors to determine whether Index 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 Index with respect to the benefits of owning Index International security.