Siri Prime (Thailand) Market Value
Siri Prime's market value is the price at which a share of Siri Prime trades on a public exchange. It measures the collective expectations of Siri Prime Office investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Siri Prime Office and determine expected loss or profit from investing in Siri Prime over a given investment horizon. Check out Siri Prime Correlation, Siri Prime Volatility and Siri Prime Alpha and Beta module to complement your research on Siri Prime.
| Symbol | Siri |
Please note, there is a significant difference between Siri Prime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Siri Prime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Siri Prime's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Siri Prime '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 Siri Prime'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 Siri Prime.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Siri Prime on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Siri Prime Office or generate 0.0% return on investment in Siri Prime over 720 days. Siri Prime is related to or competes with Prime Office, and Quality Houses. More
Siri Prime 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 Siri Prime'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 Siri Prime Office upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.58 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.22 |
Siri Prime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siri Prime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siri Prime's standard deviation. In reality, there are many statistical measures that can use Siri Prime historical prices to predict the future Siri Prime's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.07) |
Siri Prime Office Backtested Returns
Siri Prime is out of control given 3 months investment horizon. Siri Prime Office owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. We have analyzed fifteen different technical indicators, which can help you to evaluate if expected returns of 63.62% are justified by taking the suggested risk. Use Siri Prime Office Variance of 5.73, risk adjusted performance of 0.0027, and Coefficient Of Variation of (16,895) to evaluate company specific risk that cannot be diversified away. Siri Prime holds a performance score of 18 on a scale of zero to a hundred. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siri Prime's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siri Prime is expected to be smaller as well. Use Siri Prime Office risk adjusted performance, variance, as well as the relationship between the Variance and potential upside , to analyze future returns on Siri Prime Office.
Auto-correlation | 0.22 |
Weak predictability
Siri Prime Office has weak predictability. Overlapping area represents the amount of predictability between Siri Prime time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Siri Prime Office price movement. The serial correlation of 0.22 indicates that over 22.0% of current Siri Prime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 9.54 |
Siri Prime Office lagged returns against current returns
Autocorrelation, which is Siri Prime 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 Siri Prime's stock expected returns. We can calculate the autocorrelation of Siri Prime returns to help us make a trade decision. For example, suppose you find that Siri Prime 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 |
Siri Prime 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 Siri Prime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siri Prime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Siri Prime stock over time.
Current vs Lagged Prices |
| Timeline |
Siri Prime Lagged Returns
When evaluating Siri Prime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siri Prime stock have on its future price. Siri Prime 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, Siri Prime autocorrelation shows the relationship between Siri Prime stock current value and its past values and can show if there is a momentum factor associated with investing in Siri Prime Office.
Regressed Prices |
| Timeline |
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Siri Prime financial ratios help investors to determine whether Siri 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 Siri with respect to the benefits of owning Siri Prime security.