Surapon Foods (Thailand) Market Value
| SSF Stock | THB 6.85 0.10 1.44% |
| Symbol | Surapon |
Surapon Foods '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 Surapon Foods' 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 Surapon Foods.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Surapon Foods on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Surapon Foods Public or generate 0.0% return on investment in Surapon Foods over 30 days. Surapon Foods is related to or competes with GFPT Public, Dynasty Ceramic, Haad Thip, Erawan, Jay Mart, Airports, and Eastern Technical. Surapon Foods Public Company Limited manufactures, distributes, and exports seafood products, and finished and semi-fini... More
Surapon Foods 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 Surapon Foods' 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 Surapon Foods Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.37 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.21 |
Surapon Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surapon Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surapon Foods' standard deviation. In reality, there are many statistical measures that can use Surapon Foods historical prices to predict the future Surapon Foods' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.22) |
Surapon Foods Public Backtested Returns
Surapon Foods Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Surapon Foods Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Surapon Foods' Variance of 1.13, coefficient of variation of (6,610), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Surapon Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Surapon Foods is expected to be smaller as well. At this point, Surapon Foods Public has a negative expected return of -0.12%. Please make sure to validate Surapon Foods' value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Surapon Foods Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Surapon Foods Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Surapon Foods time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Surapon Foods Public price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Surapon Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Surapon Foods Public lagged returns against current returns
Autocorrelation, which is Surapon Foods 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 Surapon Foods' stock expected returns. We can calculate the autocorrelation of Surapon Foods returns to help us make a trade decision. For example, suppose you find that Surapon Foods 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 |
Surapon Foods 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 Surapon Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surapon Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surapon Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Surapon Foods Lagged Returns
When evaluating Surapon Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surapon Foods stock have on its future price. Surapon Foods 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, Surapon Foods autocorrelation shows the relationship between Surapon Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Surapon Foods Public.
Regressed Prices |
| Timeline |
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Surapon Foods financial ratios help investors to determine whether Surapon 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 Surapon with respect to the benefits of owning Surapon Foods security.