SCI Electric (Thailand) Market Value
| SCI Stock | THB 0.89 0.02 2.30% |
| Symbol | SCI |
SCI Electric '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 SCI Electric'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 SCI Electric.
| 09/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in SCI Electric on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding SCI Electric Public or generate 0.0% return on investment in SCI Electric over 90 days. SCI Electric is related to or competes with Star Petroleum, Siri Prime, SC Asset, Solartron Public, and Better World. SCI Electric Public Company Limited engages in the manufacture and sale of electrical switch boards and galvanized steel... More
SCI Electric 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 SCI Electric'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 SCI Electric Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.05 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.53 |
SCI Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCI Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCI Electric's standard deviation. In reality, there are many statistical measures that can use SCI Electric historical prices to predict the future SCI Electric's volatility.| Risk Adjusted Performance | 0.0198 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0538 |
SCI Electric Public Backtested Returns
SCI Electric Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0166, which indicates the company had a -0.0166% return per unit of volatility over the last 3 months. SCI Electric Public exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCI Electric's Risk Adjusted Performance of 0.0198, market risk adjusted performance of 0.0638, and Downside Deviation of 2.4 to confirm the risk estimate we provide. The firm has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SCI Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCI Electric is expected to be smaller as well. At this point, SCI Electric Public has a negative expected return of -0.0335%. Please make sure to validate SCI Electric's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if SCI Electric Public performance from the past will be repeated in the future.
Auto-correlation | -0.47 |
Modest reverse predictability
SCI Electric Public has modest reverse predictability. Overlapping area represents the amount of predictability between SCI Electric time series from 16th of September 2024 to 31st of October 2024 and 31st of October 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 SCI Electric Public price movement. The serial correlation of -0.47 indicates that about 47.0% of current SCI Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SCI Electric Public lagged returns against current returns
Autocorrelation, which is SCI Electric 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 SCI Electric's stock expected returns. We can calculate the autocorrelation of SCI Electric returns to help us make a trade decision. For example, suppose you find that SCI Electric 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 |
SCI Electric 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 SCI Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCI Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCI Electric stock over time.
Current vs Lagged Prices |
| Timeline |
SCI Electric Lagged Returns
When evaluating SCI Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCI Electric stock have on its future price. SCI Electric 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, SCI Electric autocorrelation shows the relationship between SCI Electric stock current value and its past values and can show if there is a momentum factor associated with investing in SCI Electric Public.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in SCI Stock
SCI Electric financial ratios help investors to determine whether SCI 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 SCI with respect to the benefits of owning SCI Electric security.