Sermsang Power (Thailand) Market Value
| SSP Stock | THB 5.55 0.05 0.89% |
| Symbol | Sermsang |
Sermsang Power '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 Sermsang Power'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 Sermsang Power.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Sermsang Power on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Sermsang Power or generate 0.0% return on investment in Sermsang Power over 30 days. Sermsang Power is related to or competes with Gulf Energy, Energy Absolute, Gunkul Engineering, Global Power, and BCPG Public. Sermsang Power Corporation Public Company Limited operates in the renewable energy business More
Sermsang Power 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 Sermsang Power'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 Sermsang Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 0.885 |
Sermsang Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sermsang Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sermsang Power's standard deviation. In reality, there are many statistical measures that can use Sermsang Power historical prices to predict the future Sermsang Power's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.71) |
Sermsang Power Backtested Returns
Sermsang Power owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Sermsang Power exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sermsang Power's Variance of 1.09, coefficient of variation of (695.80), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sermsang Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sermsang Power is expected to be smaller as well. At this point, Sermsang Power has a negative expected return of -0.16%. Please make sure to validate Sermsang Power's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Sermsang Power performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Sermsang Power has modest reverse predictability. Overlapping area represents the amount of predictability between Sermsang Power time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Sermsang Power price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Sermsang Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sermsang Power lagged returns against current returns
Autocorrelation, which is Sermsang Power 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 Sermsang Power's stock expected returns. We can calculate the autocorrelation of Sermsang Power returns to help us make a trade decision. For example, suppose you find that Sermsang Power 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 |
Sermsang Power 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 Sermsang Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sermsang Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sermsang Power stock over time.
Current vs Lagged Prices |
| Timeline |
Sermsang Power Lagged Returns
When evaluating Sermsang Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sermsang Power stock have on its future price. Sermsang Power 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, Sermsang Power autocorrelation shows the relationship between Sermsang Power stock current value and its past values and can show if there is a momentum factor associated with investing in Sermsang Power.
Regressed Prices |
| Timeline |
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Sermsang Power financial ratios help investors to determine whether Sermsang 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 Sermsang with respect to the benefits of owning Sermsang Power security.