Sena Development (Thailand) Market Value
| SENA Stock | THB 2.26 0.02 0.89% |
| Symbol | Sena |
Sena Development '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 Sena Development'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 Sena Development.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Sena Development on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sena Development Public or generate 0.0% return on investment in Sena Development over 30 days. Sena Development is related to or competes with Vibhavadi Medical, VGI Public, and WHA Public. Sena Development Public Company Limited, together with its subsidiaries, engages in the development and sale of properti... More
Sena Development 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 Sena Development'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 Sena Development Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.11 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.68 |
Sena Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sena Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sena Development's standard deviation. In reality, there are many statistical measures that can use Sena Development historical prices to predict the future Sena Development's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 2.21 |
Sena Development Public Backtested Returns
Sena Development Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Sena Development Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sena Development's Variance of 0.8364, coefficient of variation of (919.49), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.0496, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sena Development are expected to decrease at a much lower rate. During the bear market, Sena Development is likely to outperform the market. At this point, Sena Development Public has a negative expected return of -0.0927%. Please make sure to validate Sena Development's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Sena Development Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Sena Development Public has very good predictability. Overlapping area represents the amount of predictability between Sena Development 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 Sena Development Public price movement. The serial correlation of 0.82 indicates that around 82.0% of current Sena Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sena Development Public lagged returns against current returns
Autocorrelation, which is Sena Development 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 Sena Development's stock expected returns. We can calculate the autocorrelation of Sena Development returns to help us make a trade decision. For example, suppose you find that Sena Development 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 |
Sena Development 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 Sena Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sena Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sena Development stock over time.
Current vs Lagged Prices |
| Timeline |
Sena Development Lagged Returns
When evaluating Sena Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sena Development stock have on its future price. Sena Development 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, Sena Development autocorrelation shows the relationship between Sena Development stock current value and its past values and can show if there is a momentum factor associated with investing in Sena Development Public.
Regressed Prices |
| Timeline |
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Sena Development financial ratios help investors to determine whether Sena 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 Sena with respect to the benefits of owning Sena Development security.