Rayong Wire (Thailand) Market Value
| RWI Stock | THB 0.51 0.01 1.92% |
| Symbol | Rayong |
Rayong Wire '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 Rayong Wire'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 Rayong Wire.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Rayong Wire on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Rayong Wire Industries or generate 0.0% return on investment in Rayong Wire over 30 days. Rayong Wire is related to or competes with Tata Steel, G J, POSCO Thainox, TMT Steel, MCS Steel, Pacific Pipe, and Chow Steel. Rayong Wire Industries Public Company Limited manufactures and distributes steel wire products primarily in Thailand More
Rayong Wire 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 Rayong Wire'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 Rayong Wire Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.89 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 4.0 |
Rayong Wire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rayong Wire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rayong Wire's standard deviation. In reality, there are many statistical measures that can use Rayong Wire historical prices to predict the future Rayong Wire's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.2306 |
Rayong Wire Industries Backtested Returns
Rayong Wire Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.0451, which implies the firm had a -0.0451% return per unit of risk over the last 3 months. Rayong Wire Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rayong Wire's Risk Adjusted Performance of (0.03), coefficient of variation of (1,948), and Variance of 8.74 to confirm the risk estimate we provide. The company holds a Beta of -0.7, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rayong Wire are expected to decrease at a much lower rate. During the bear market, Rayong Wire is likely to outperform the market. At this point, Rayong Wire Industries has a negative expected return of -0.14%. Please make sure to check Rayong Wire's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Rayong Wire Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Rayong Wire Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between Rayong Wire time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Rayong Wire Industries price movement. The serial correlation of -0.02 indicates that only 2.0% of current Rayong Wire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rayong Wire Industries lagged returns against current returns
Autocorrelation, which is Rayong Wire 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 Rayong Wire's stock expected returns. We can calculate the autocorrelation of Rayong Wire returns to help us make a trade decision. For example, suppose you find that Rayong Wire 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 |
Rayong Wire 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 Rayong Wire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rayong Wire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rayong Wire stock over time.
Current vs Lagged Prices |
| Timeline |
Rayong Wire Lagged Returns
When evaluating Rayong Wire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rayong Wire stock have on its future price. Rayong Wire 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, Rayong Wire autocorrelation shows the relationship between Rayong Wire stock current value and its past values and can show if there is a momentum factor associated with investing in Rayong Wire Industries.
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 Rayong Stock
Rayong Wire financial ratios help investors to determine whether Rayong 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 Rayong with respect to the benefits of owning Rayong Wire security.