More Return (Thailand) Market Value
| MORE Stock | 0.05 0.01 16.67% |
| Symbol | More |
More Return '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 More Return'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 More Return.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in More Return on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding More Return Public or generate 0.0% return on investment in More Return over 60 days. More Return is related to or competes with E For, Mono Next, Nex Point, Infraset Public, and NCL International. More
More Return 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 More Return'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 More Return Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.73 | |||
| Information Ratio | 0.0582 | |||
| Maximum Drawdown | 73.33 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 25.0 |
More Return Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for More Return's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as More Return's standard deviation. In reality, there are many statistical measures that can use More Return historical prices to predict the future More Return's volatility.| Risk Adjusted Performance | 0.058 | |||
| Jensen Alpha | 0.8713 | |||
| Total Risk Alpha | (1.28) | |||
| Sortino Ratio | 0.0432 | |||
| Treynor Ratio | 2.06 |
More Return Public Backtested Returns
More Return appears to be out of control, given 3 months investment horizon. More Return Public has Sharpe Ratio of 0.0246, which conveys that the firm had a 0.0246% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for More Return, which you can use to evaluate the volatility of the firm. Please exercise More Return's Mean Deviation of 9.25, risk adjusted performance of 0.058, and Downside Deviation of 18.73 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, More Return holds a performance score of 1. The company secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, More Return's returns are expected to increase less than the market. However, during the bear market, the loss of holding More Return is expected to be smaller as well. Please check More Return's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether More Return's current price movements will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
More Return Public has weak reverse predictability. Overlapping area represents the amount of predictability between More Return time series from 13th of October 2024 to 12th of November 2024 and 12th 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 More Return Public price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current More Return price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
More Return Public lagged returns against current returns
Autocorrelation, which is More Return 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 More Return's stock expected returns. We can calculate the autocorrelation of More Return returns to help us make a trade decision. For example, suppose you find that More Return 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 |
More Return 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 More Return stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if More Return stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in More Return stock over time.
Current vs Lagged Prices |
| Timeline |
More Return Lagged Returns
When evaluating More Return's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of More Return stock have on its future price. More Return 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, More Return autocorrelation shows the relationship between More Return stock current value and its past values and can show if there is a momentum factor associated with investing in More Return Public.
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 ArchitectOther Information on Investing in More Stock
More Return financial ratios help investors to determine whether More 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 More with respect to the benefits of owning More Return security.