Smart Concrete (Thailand) Market Value
| SMART Stock | THB 0.77 0.01 1.32% |
| Symbol | Smart |
Smart Concrete '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 Smart Concrete'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 Smart Concrete.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Smart Concrete on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Smart Concrete Public or generate 0.0% return on investment in Smart Concrete over 720 days. Smart Concrete is related to or competes with Vibhavadi Medical, TPI Polene, Asia Green, and Aqua Public. Smart Concrete Public Company Limited manufactures and sells autoclaved aerated concrete blocks for use in construction ... More
Smart Concrete 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 Smart Concrete'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 Smart Concrete Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.56 |
Smart Concrete Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smart Concrete's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smart Concrete's standard deviation. In reality, there are many statistical measures that can use Smart Concrete historical prices to predict the future Smart Concrete's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Smart Concrete's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Smart Concrete Public Backtested Returns
Smart Concrete Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0854, which indicates the firm had a -0.0854% return per unit of risk over the last 3 months. Smart Concrete Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smart Concrete's Coefficient Of Variation of (3,895), risk adjusted performance of (0.01), and Variance of 2.89 to confirm the risk estimate we provide. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smart Concrete's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smart Concrete is expected to be smaller as well. At this point, Smart Concrete Public has a negative expected return of -0.13%. Please make sure to validate Smart Concrete's maximum drawdown, as well as the relationship between the daily balance of power and relative strength index , to decide if Smart Concrete Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Smart Concrete Public has poor reverse predictability. Overlapping area represents the amount of predictability between Smart Concrete time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Smart Concrete Public price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Smart Concrete price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Smart Concrete Public lagged returns against current returns
Autocorrelation, which is Smart Concrete 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 Smart Concrete's stock expected returns. We can calculate the autocorrelation of Smart Concrete returns to help us make a trade decision. For example, suppose you find that Smart Concrete 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 |
Smart Concrete 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 Smart Concrete stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smart Concrete stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smart Concrete stock over time.
Current vs Lagged Prices |
| Timeline |
Smart Concrete Lagged Returns
When evaluating Smart Concrete's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smart Concrete stock have on its future price. Smart Concrete 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, Smart Concrete autocorrelation shows the relationship between Smart Concrete stock current value and its past values and can show if there is a momentum factor associated with investing in Smart Concrete Public.
Regressed Prices |
| Timeline |
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Smart Concrete financial ratios help investors to determine whether Smart 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 Smart with respect to the benefits of owning Smart Concrete security.