Sahacogen Public (Thailand) Market Value
| SCG Stock | THB 3.46 0.02 0.57% |
| Symbol | Sahacogen |
Sahacogen Public '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 Sahacogen Public'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 Sahacogen Public.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Sahacogen Public on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sahacogen Public or generate 0.0% return on investment in Sahacogen Public over 30 days. Sahacogen Public is related to or competes with WHA Public, Global Power, TPI Polene, Bangkok Expressway, and BGrimm Power. Sahacogen Public Company Limited, together with its subsidiaries, produces and distributes electricity and steam in Thai... More
Sahacogen Public 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 Sahacogen Public'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 Sahacogen Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.74 |
Sahacogen Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sahacogen Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sahacogen Public's standard deviation. In reality, there are many statistical measures that can use Sahacogen Public historical prices to predict the future Sahacogen Public's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.45) |
Sahacogen Public Backtested Returns
Sahacogen Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.068, which indicates the firm had a -0.068% return per unit of risk over the last 3 months. Sahacogen Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sahacogen Public's Variance of 1.27, coefficient of variation of (3,967), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.0858, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sahacogen Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sahacogen Public is expected to be smaller as well. At this point, Sahacogen Public has a negative expected return of -0.0757%. Please make sure to validate Sahacogen Public's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Sahacogen Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Sahacogen Public has modest predictability. Overlapping area represents the amount of predictability between Sahacogen Public time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Sahacogen Public price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Sahacogen Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sahacogen Public lagged returns against current returns
Autocorrelation, which is Sahacogen Public 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 Sahacogen Public's stock expected returns. We can calculate the autocorrelation of Sahacogen Public returns to help us make a trade decision. For example, suppose you find that Sahacogen Public 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 |
Sahacogen Public 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 Sahacogen Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sahacogen Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sahacogen Public stock over time.
Current vs Lagged Prices |
| Timeline |
Sahacogen Public Lagged Returns
When evaluating Sahacogen Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sahacogen Public stock have on its future price. Sahacogen Public 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, Sahacogen Public autocorrelation shows the relationship between Sahacogen Public stock current value and its past values and can show if there is a momentum factor associated with investing in Sahacogen Public.
Regressed Prices |
| Timeline |
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Sahacogen Public financial ratios help investors to determine whether Sahacogen 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 Sahacogen with respect to the benefits of owning Sahacogen Public security.