International Network (Thailand) Market Value
| ITNS Stock | 1.42 0.01 0.71% |
| Symbol | International |
International Network '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 International Network'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 International Network.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in International Network on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding International Network System or generate 0.0% return on investment in International Network over 30 days.
International Network 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 International Network'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 International Network System upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 24.1 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 4.17 |
International Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Network's standard deviation. In reality, there are many statistical measures that can use International Network historical prices to predict the future International Network's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.35) |
International Network Backtested Returns
International Network holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. International Network exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Network's Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.34), and Standard Deviation of 3.2 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, International Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Network is expected to be smaller as well. At this point, International Network has a negative expected return of -0.38%. Please make sure to check out International Network's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if International Network performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
International Network System has insignificant reverse predictability. Overlapping area represents the amount of predictability between International Network 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 International Network price movement. The serial correlation of -0.13 indicates that less than 13.0% of current International Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
International Network lagged returns against current returns
Autocorrelation, which is International Network 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 International Network's stock expected returns. We can calculate the autocorrelation of International Network returns to help us make a trade decision. For example, suppose you find that International Network 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 |
International Network 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 International Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Network stock over time.
Current vs Lagged Prices |
| Timeline |
International Network Lagged Returns
When evaluating International Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Network stock have on its future price. International Network 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, International Network autocorrelation shows the relationship between International Network stock current value and its past values and can show if there is a momentum factor associated with investing in International Network System.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio Architect