Moong Pattana (Thailand) Market Value
| MOONG Stock | THB 2.12 0.02 0.95% |
| Symbol | Moong |
Moong Pattana '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 Moong Pattana'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 Moong Pattana.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Moong Pattana on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Moong Pattana International or generate 0.0% return on investment in Moong Pattana over 30 days. Moong Pattana is related to or competes with Metro Systems, Mega Lifesciences, Hana Microelectronics, Karmarts Public, and Jasmine International. Moong Pattana International Public Company Limited distributes baby and infant products, and other products in Thailand More
Moong Pattana 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 Moong Pattana'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 Moong Pattana International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.9 |
Moong Pattana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Moong Pattana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moong Pattana's standard deviation. In reality, there are many statistical measures that can use Moong Pattana historical prices to predict the future Moong Pattana's volatility.| Risk Adjusted Performance | 9.0E-4 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.10) |
Moong Pattana Intern Backtested Returns
At this point, Moong Pattana is slightly risky. Moong Pattana Intern has Sharpe Ratio of 0.0064, which conveys that the firm had a 0.0064% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Moong Pattana, which you can use to evaluate the volatility of the firm. Please verify Moong Pattana's Mean Deviation of 0.9179, standard deviation of 1.28, and Risk Adjusted Performance of 9.0E-4 to check out if the risk estimate we provide is consistent with the expected return of 0.0082%. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Moong Pattana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Moong Pattana is expected to be smaller as well. Moong Pattana Intern right now secures a risk of 1.29%. Please verify Moong Pattana International potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Moong Pattana International will be following its current price movements.
Auto-correlation | -0.53 |
Good reverse predictability
Moong Pattana International has good reverse predictability. Overlapping area represents the amount of predictability between Moong Pattana time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Moong Pattana Intern price movement. The serial correlation of -0.53 indicates that about 53.0% of current Moong Pattana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Moong Pattana Intern lagged returns against current returns
Autocorrelation, which is Moong Pattana 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 Moong Pattana's stock expected returns. We can calculate the autocorrelation of Moong Pattana returns to help us make a trade decision. For example, suppose you find that Moong Pattana 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 |
Moong Pattana 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 Moong Pattana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moong Pattana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moong Pattana stock over time.
Current vs Lagged Prices |
| Timeline |
Moong Pattana Lagged Returns
When evaluating Moong Pattana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moong Pattana stock have on its future price. Moong Pattana 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, Moong Pattana autocorrelation shows the relationship between Moong Pattana stock current value and its past values and can show if there is a momentum factor associated with investing in Moong Pattana International.
Regressed Prices |
| Timeline |
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Moong Pattana financial ratios help investors to determine whether Moong 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 Moong with respect to the benefits of owning Moong Pattana security.