Sirakorn PCL (Thailand) Market Value
| SK Stock | THB 0.61 0.01 1.67% |
| Symbol | Sirakorn |
Sirakorn PCL '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 Sirakorn PCL'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 Sirakorn PCL.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Sirakorn PCL on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Sirakorn PCL or generate 0.0% return on investment in Sirakorn PCL over 60 days. Sirakorn PCL is related to or competes with Vibhavadi Medical, TPI Polene, Asia Green, and Aqua Public. Sirakorn Public Company Limited manufactures and distributes concrete products More
Sirakorn PCL 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 Sirakorn PCL'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 Sirakorn PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.52 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.9 |
Sirakorn PCL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sirakorn PCL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sirakorn PCL's standard deviation. In reality, there are many statistical measures that can use Sirakorn PCL historical prices to predict the future Sirakorn PCL's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.45 |
Sirakorn PCL Backtested Returns
Sirakorn PCL owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Sirakorn PCL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sirakorn PCL's Coefficient Of Variation of (1,468), risk adjusted performance of (0.04), and Variance of 4.4 to confirm the risk estimate we provide. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sirakorn PCL are expected to decrease at a much lower rate. During the bear market, Sirakorn PCL is likely to outperform the market. At this point, Sirakorn PCL has a negative expected return of -0.23%. Please make sure to validate Sirakorn PCL's skewness and the relationship between the daily balance of power and period momentum indicator , to decide if Sirakorn PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Sirakorn PCL has below average predictability. Overlapping area represents the amount of predictability between Sirakorn PCL time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Sirakorn PCL price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Sirakorn PCL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sirakorn PCL lagged returns against current returns
Autocorrelation, which is Sirakorn PCL 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 Sirakorn PCL's stock expected returns. We can calculate the autocorrelation of Sirakorn PCL returns to help us make a trade decision. For example, suppose you find that Sirakorn PCL 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 |
Sirakorn PCL 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 Sirakorn PCL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sirakorn PCL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sirakorn PCL stock over time.
Current vs Lagged Prices |
| Timeline |
Sirakorn PCL Lagged Returns
When evaluating Sirakorn PCL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sirakorn PCL stock have on its future price. Sirakorn PCL 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, Sirakorn PCL autocorrelation shows the relationship between Sirakorn PCL stock current value and its past values and can show if there is a momentum factor associated with investing in Sirakorn PCL.
Regressed Prices |
| Timeline |
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Sirakorn PCL financial ratios help investors to determine whether Sirakorn 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 Sirakorn with respect to the benefits of owning Sirakorn PCL security.