Rojana Industrial (Thailand) Market Value
| ROJNA Stock | THB 6.30 0.05 0.79% |
| Symbol | Rojana |
Rojana Industrial '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 Rojana Industrial'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 Rojana Industrial.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Rojana Industrial on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Rojana Industrial Park or generate 0.0% return on investment in Rojana Industrial over 720 days. Rojana Industrial is related to or competes with Interlink Communication, Grande Hospitality, Halcyon Technology, Turnkey Communication, Delta Electronics, and Siam Wellness. Rojana Industrial Park Public Company Limited, together with its subsidiaries, engages in the manufacture and sale of el... More
Rojana Industrial 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 Rojana Industrial'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 Rojana Industrial Park upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.78 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.13 |
Rojana Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rojana Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rojana Industrial's standard deviation. In reality, there are many statistical measures that can use Rojana Industrial historical prices to predict the future Rojana Industrial's volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | 0.0065 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1361 |
Rojana Industrial Park Backtested Returns
At this point, Rojana Industrial is somewhat reliable. Rojana Industrial Park maintains Sharpe Ratio (i.e., Efficiency) of 0.0553, which implies the firm had a 0.0553% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rojana Industrial Park, which you can use to evaluate the volatility of the company. Please check Rojana Industrial's Risk Adjusted Performance of 0.0434, semi deviation of 1.97, and Coefficient Of Variation of 2089.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Rojana Industrial has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rojana Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rojana Industrial is expected to be smaller as well. Rojana Industrial Park right now holds a risk of 2.38%. Please check Rojana Industrial Park total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Rojana Industrial Park will be following its historical price patterns.
Auto-correlation | 0.36 |
Below average predictability
Rojana Industrial Park has below average predictability. Overlapping area represents the amount of predictability between Rojana Industrial time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Rojana Industrial Park price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Rojana Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Rojana Industrial Park lagged returns against current returns
Autocorrelation, which is Rojana Industrial 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 Rojana Industrial's stock expected returns. We can calculate the autocorrelation of Rojana Industrial returns to help us make a trade decision. For example, suppose you find that Rojana Industrial 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 |
Rojana Industrial 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 Rojana Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rojana Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rojana Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Rojana Industrial Lagged Returns
When evaluating Rojana Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rojana Industrial stock have on its future price. Rojana Industrial 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, Rojana Industrial autocorrelation shows the relationship between Rojana Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Rojana Industrial Park.
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 Rojana Stock
Rojana Industrial financial ratios help investors to determine whether Rojana 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 Rojana with respect to the benefits of owning Rojana Industrial security.