SC Asset (Thailand) Market Value
| SC Stock | THB 2.82 0.02 0.70% |
| Symbol | SC Asset |
SC Asset '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 SC Asset'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 SC Asset.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in SC Asset on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding SC Asset or generate 0.0% return on investment in SC Asset over 720 days. SC Asset is related to or competes with Vibhavadi Medical, VGI Public, and WHA Public. SC Asset Corporation Public Company Limited, together with its subsidiaries, operates as a real estate development compa... More
SC Asset 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 SC Asset'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 SC Asset upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.23 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.11 |
SC Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SC Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SC Asset's standard deviation. In reality, there are many statistical measures that can use SC Asset historical prices to predict the future SC Asset's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 1.37 |
SC Asset Backtested Returns
SC Asset retains Efficiency (Sharpe Ratio) of -0.013, which indicates the company had a -0.013% return per unit of price deviation over the last 3 months. SC Asset exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SC Asset's information ratio of (0.1), and Market Risk Adjusted Performance of 1.38 to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0516, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SC Asset are expected to decrease at a much lower rate. During the bear market, SC Asset is likely to outperform the market. At this point, SC Asset has a negative expected return of -0.0214%. Please make sure to validate SC Asset's maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if SC Asset performance from the past will be repeated sooner or later.
Auto-correlation | -0.12 |
Insignificant reverse predictability
SC Asset has insignificant reverse predictability. Overlapping area represents the amount of predictability between SC Asset time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 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 SC Asset price movement. The serial correlation of -0.12 indicates that less than 12.0% of current SC Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
SC Asset lagged returns against current returns
Autocorrelation, which is SC Asset 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 SC Asset's stock expected returns. We can calculate the autocorrelation of SC Asset returns to help us make a trade decision. For example, suppose you find that SC Asset 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 |
SC Asset 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 SC Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SC Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SC Asset stock over time.
Current vs Lagged Prices |
| Timeline |
SC Asset Lagged Returns
When evaluating SC Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SC Asset stock have on its future price. SC Asset 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, SC Asset autocorrelation shows the relationship between SC Asset stock current value and its past values and can show if there is a momentum factor associated with investing in SC Asset.
Regressed Prices |
| Timeline |
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SC Asset financial ratios help investors to determine whether SC Asset 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 SC Asset with respect to the benefits of owning SC Asset security.