Sahamitr Pressure (Thailand) Market Value
| SMPC Stock | THB 9.20 0.05 0.54% |
| Symbol | Sahamitr |
Sahamitr Pressure '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 Sahamitr Pressure'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 Sahamitr Pressure.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Sahamitr Pressure on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Sahamitr Pressure Container or generate 0.0% return on investment in Sahamitr Pressure over 30 days. Sahamitr Pressure is related to or competes with Thantawan Industry, Erawan, Jay Mart, Airports, Eastern Technical, Gunkul Engineering, and Dcon Products. Sahamitr Pressure Container Public Company Limited manufactures and sells LPG and other pressure cylinders in Thailand a... More
Sahamitr Pressure 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 Sahamitr Pressure'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 Sahamitr Pressure Container upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.33 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.5495 |
Sahamitr Pressure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sahamitr Pressure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sahamitr Pressure's standard deviation. In reality, there are many statistical measures that can use Sahamitr Pressure historical prices to predict the future Sahamitr Pressure's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (2.14) |
Sahamitr Pressure Backtested Returns
Sahamitr Pressure owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Sahamitr Pressure Container exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sahamitr Pressure's Coefficient Of Variation of (1,088), variance of 0.5721, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.0371, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sahamitr Pressure's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sahamitr Pressure is expected to be smaller as well. At this point, Sahamitr Pressure has a negative expected return of -0.1%. Please make sure to validate Sahamitr Pressure's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sahamitr Pressure performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Sahamitr Pressure Container has poor reverse predictability. Overlapping area represents the amount of predictability between Sahamitr Pressure time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 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 Sahamitr Pressure price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Sahamitr Pressure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sahamitr Pressure lagged returns against current returns
Autocorrelation, which is Sahamitr Pressure 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 Sahamitr Pressure's stock expected returns. We can calculate the autocorrelation of Sahamitr Pressure returns to help us make a trade decision. For example, suppose you find that Sahamitr Pressure 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 |
Sahamitr Pressure 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 Sahamitr Pressure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sahamitr Pressure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sahamitr Pressure stock over time.
Current vs Lagged Prices |
| Timeline |
Sahamitr Pressure Lagged Returns
When evaluating Sahamitr Pressure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sahamitr Pressure stock have on its future price. Sahamitr Pressure 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, Sahamitr Pressure autocorrelation shows the relationship between Sahamitr Pressure stock current value and its past values and can show if there is a momentum factor associated with investing in Sahamitr Pressure Container.
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 Sahamitr Stock
Sahamitr Pressure financial ratios help investors to determine whether Sahamitr 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 Sahamitr with respect to the benefits of owning Sahamitr Pressure security.