MCS Steel (Thailand) Market Value
| MCS Stock | THB 7.00 0.15 2.10% |
| Symbol | MCS |
MCS Steel '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 MCS Steel'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 MCS Steel.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in MCS Steel on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding MCS Steel Public or generate 0.0% return on investment in MCS Steel over 720 days. MCS Steel is related to or competes with PTT Public, PTT Exploration, Siam Cement, CP ALL, and Kasikornbank Public. Steel Public Company Limited produces and distributes structural steel products for building construction in Thailand an... More
MCS Steel 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 MCS Steel'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 MCS Steel Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.39 |
MCS Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MCS Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MCS Steel's standard deviation. In reality, there are many statistical measures that can use MCS Steel historical prices to predict the future MCS Steel's volatility.| Risk Adjusted Performance | 0.0216 | |||
| Jensen Alpha | 0.0198 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.88) |
MCS Steel Public Backtested Returns
As of now, MCS Stock is not too volatile. MCS Steel Public has Sharpe Ratio of 0.0058, which conveys that the company had a 0.0058% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for MCS Steel, which you can use to evaluate the volatility of the entity. Please verify MCS Steel's mean deviation of 0.727, and Downside Deviation of 1.92 to check out if the risk estimate we provide is consistent with the expected return of 0.0068%. The firm secures a Beta (Market Risk) of -0.02, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MCS Steel are expected to decrease at a much lower rate. During the bear market, MCS Steel is likely to outperform the market. MCS Steel Public currently secures a risk of 1.17%. Please verify MCS Steel Public maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if MCS Steel Public will be following its current price movements.
Auto-correlation | -0.47 |
Modest reverse predictability
MCS Steel Public has modest reverse predictability. Overlapping area represents the amount of predictability between MCS Steel time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 MCS Steel Public price movement. The serial correlation of -0.47 indicates that about 47.0% of current MCS Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
MCS Steel Public lagged returns against current returns
Autocorrelation, which is MCS Steel 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 MCS Steel's stock expected returns. We can calculate the autocorrelation of MCS Steel returns to help us make a trade decision. For example, suppose you find that MCS Steel 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 |
MCS Steel 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 MCS Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MCS Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MCS Steel stock over time.
Current vs Lagged Prices |
| Timeline |
MCS Steel Lagged Returns
When evaluating MCS Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MCS Steel stock have on its future price. MCS Steel 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, MCS Steel autocorrelation shows the relationship between MCS Steel stock current value and its past values and can show if there is a momentum factor associated with investing in MCS Steel Public.
Regressed Prices |
| Timeline |
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MCS Steel financial ratios help investors to determine whether MCS 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 MCS with respect to the benefits of owning MCS Steel security.