Siamrajathanee Public (Thailand) Market Value
| SO Stock | THB 4.48 0.12 2.61% |
| Symbol | Siamrajathanee |
Siamrajathanee 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 Siamrajathanee 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 Siamrajathanee Public.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Siamrajathanee Public on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Siamrajathanee Public or generate 0.0% return on investment in Siamrajathanee Public over 720 days. Siamrajathanee Public is related to or competes with G Capital, Thai Ha, and Panjawattana Plastic. Siamrajathanee Public Company Limited provides various outsourcing services to public and private sectors in Thailand More
Siamrajathanee 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 Siamrajathanee 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 Siamrajathanee Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 7.55 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 1.85 |
Siamrajathanee Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siamrajathanee Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siamrajathanee Public's standard deviation. In reality, there are many statistical measures that can use Siamrajathanee Public historical prices to predict the future Siamrajathanee Public's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (10.95) |
Siamrajathanee Public Backtested Returns
Siamrajathanee Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.27, which indicates the firm had a -0.27% return per unit of risk over the last 3 months. Siamrajathanee Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siamrajathanee Public's Variance of 2.29, risk adjusted performance of (0.21), and Coefficient Of Variation of (373.56) to confirm the risk estimate we provide. The entity has a beta of 0.0379, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Siamrajathanee Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siamrajathanee Public is expected to be smaller as well. At this point, Siamrajathanee Public has a negative expected return of -0.41%. Please make sure to validate Siamrajathanee Public's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Siamrajathanee Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Siamrajathanee Public has very good predictability. Overlapping area represents the amount of predictability between Siamrajathanee Public time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Siamrajathanee Public price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Siamrajathanee Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Siamrajathanee Public lagged returns against current returns
Autocorrelation, which is Siamrajathanee 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 Siamrajathanee Public's stock expected returns. We can calculate the autocorrelation of Siamrajathanee Public returns to help us make a trade decision. For example, suppose you find that Siamrajathanee 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 |
Siamrajathanee 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 Siamrajathanee Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siamrajathanee Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Siamrajathanee Public stock over time.
Current vs Lagged Prices |
| Timeline |
Siamrajathanee Public Lagged Returns
When evaluating Siamrajathanee Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siamrajathanee Public stock have on its future price. Siamrajathanee 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, Siamrajathanee Public autocorrelation shows the relationship between Siamrajathanee Public stock current value and its past values and can show if there is a momentum factor associated with investing in Siamrajathanee Public.
Regressed Prices |
| Timeline |
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Siamrajathanee Public financial ratios help investors to determine whether Siamrajathanee 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 Siamrajathanee with respect to the benefits of owning Siamrajathanee Public security.