Shrinkflex Public (Thailand) Market Value
| SFT Stock | THB 3.06 0.06 2.00% |
| Symbol | Shrinkflex |
Shrinkflex 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 Shrinkflex 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 Shrinkflex Public.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Shrinkflex Public on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Shrinkflex Public or generate 0.0% return on investment in Shrinkflex Public over 720 days. Shrinkflex Public is related to or competes with Jay Mart, Forth Public, Singer Thailand, and KCE Electronics. Shrinkflex Public Company Limited manufactures and distributes PVC and PET shrink sleeve labels in Thailand More
Shrinkflex 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 Shrinkflex 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 Shrinkflex Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.47 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 3.35 |
Shrinkflex Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shrinkflex Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shrinkflex Public's standard deviation. In reality, there are many statistical measures that can use Shrinkflex Public historical prices to predict the future Shrinkflex Public's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.10) |
Shrinkflex Public Backtested Returns
Shrinkflex Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Shrinkflex Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shrinkflex Public's Risk Adjusted Performance of (0.01), variance of 4.35, and Coefficient Of Variation of (3,637) to confirm the risk estimate we provide. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shrinkflex Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shrinkflex Public is expected to be smaller as well. At this point, Shrinkflex Public has a negative expected return of -0.27%. Please make sure to validate Shrinkflex Public's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Shrinkflex Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Shrinkflex Public has good predictability. Overlapping area represents the amount of predictability between Shrinkflex Public 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 Shrinkflex Public price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Shrinkflex Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Shrinkflex Public lagged returns against current returns
Autocorrelation, which is Shrinkflex 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 Shrinkflex Public's stock expected returns. We can calculate the autocorrelation of Shrinkflex Public returns to help us make a trade decision. For example, suppose you find that Shrinkflex 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 |
Shrinkflex 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 Shrinkflex Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shrinkflex Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shrinkflex Public stock over time.
Current vs Lagged Prices |
| Timeline |
Shrinkflex Public Lagged Returns
When evaluating Shrinkflex Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shrinkflex Public stock have on its future price. Shrinkflex 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, Shrinkflex Public autocorrelation shows the relationship between Shrinkflex Public stock current value and its past values and can show if there is a momentum factor associated with investing in Shrinkflex Public.
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 Shrinkflex Stock
Shrinkflex Public financial ratios help investors to determine whether Shrinkflex 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 Shrinkflex with respect to the benefits of owning Shrinkflex Public security.