Mitsib Leasing (Thailand) Market Value
| MITSIB Stock | THB 0.73 0.01 1.39% |
| Symbol | Mitsib |
Mitsib Leasing '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 Mitsib Leasing'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 Mitsib Leasing.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mitsib Leasing on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Mitsib Leasing Public or generate 0.0% return on investment in Mitsib Leasing over 210 days. Mitsib Leasing is related to or competes with Megachem Public, Multibax Public, MC Group, Erawan, Autocorp Holding, XSpring Capital, and Ditto Public. Mitsib Leasing Public Company Limited primarily engages in selling cars in Thailand More
Mitsib Leasing 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 Mitsib Leasing'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 Mitsib Leasing Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 1.39 |
Mitsib Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitsib Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitsib Leasing's standard deviation. In reality, there are many statistical measures that can use Mitsib Leasing historical prices to predict the future Mitsib Leasing's volatility.| Risk Adjusted Performance | 0.0098 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.03) |
Mitsib Leasing Public Backtested Returns
Mitsib Leasing is out of control given 3 months investment horizon. Mitsib Leasing Public has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 15.86% are justified by taking the suggested risk. Use Mitsib Leasing Public Mean Deviation of 0.8534, risk adjusted performance of 0.0098, and Downside Deviation of 2.02 to evaluate company specific risk that cannot be diversified away. Mitsib Leasing holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.0135, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mitsib Leasing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitsib Leasing is expected to be smaller as well. Use Mitsib Leasing Public potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Mitsib Leasing Public.
Auto-correlation | 0.16 |
Very weak predictability
Mitsib Leasing Public has very weak predictability. Overlapping area represents the amount of predictability between Mitsib Leasing time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 Mitsib Leasing Public price movement. The serial correlation of 0.16 indicates that over 16.0% of current Mitsib Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mitsib Leasing Public lagged returns against current returns
Autocorrelation, which is Mitsib Leasing 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 Mitsib Leasing's stock expected returns. We can calculate the autocorrelation of Mitsib Leasing returns to help us make a trade decision. For example, suppose you find that Mitsib Leasing 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 |
Mitsib Leasing 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 Mitsib Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitsib Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitsib Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Mitsib Leasing Lagged Returns
When evaluating Mitsib Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitsib Leasing stock have on its future price. Mitsib Leasing 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, Mitsib Leasing autocorrelation shows the relationship between Mitsib Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Mitsib Leasing Public.
Regressed Prices |
| Timeline |
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Mitsib Leasing financial ratios help investors to determine whether Mitsib 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 Mitsib with respect to the benefits of owning Mitsib Leasing security.