SRI TRANG (Thailand) Market Value
| STGT-R Stock | THB 10.90 0.05 0.46% |
| Symbol | SRI |
SRI TRANG '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 SRI TRANG'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 SRI TRANG.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in SRI TRANG on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding SRI TRANG GLOVES or generate 0.0% return on investment in SRI TRANG over 480 days. SRI TRANG is related to or competes with Advanced Information, Global Green, Power Solution, Simat Technologies, Silicon Craft, Premier Marketing, and Premier Technology. Sri Trang Gloves Public Company Limited, together with its subsidiaries, manufactures and distributes rubber gloves in T... More
SRI TRANG 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 SRI TRANG'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 SRI TRANG GLOVES upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1281 | |||
| Maximum Drawdown | 34.42 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 3.97 |
SRI TRANG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SRI TRANG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SRI TRANG's standard deviation. In reality, there are many statistical measures that can use SRI TRANG historical prices to predict the future SRI TRANG's volatility.| Risk Adjusted Performance | 0.1229 | |||
| Jensen Alpha | 0.6069 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 2.65 |
SRI TRANG GLOVES Backtested Returns
SRI TRANG appears to be somewhat reliable, given 3 months investment horizon. SRI TRANG GLOVES owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of volatility over the last 3 months. By examining SRI TRANG's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please review SRI TRANG's variance of 16.46, and Risk Adjusted Performance of 0.1229 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SRI TRANG holds a performance score of 13. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SRI TRANG's returns are expected to increase less than the market. However, during the bear market, the loss of holding SRI TRANG is expected to be smaller as well. Please check SRI TRANG's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether SRI TRANG's existing price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
SRI TRANG GLOVES has virtually no predictability. Overlapping area represents the amount of predictability between SRI TRANG time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 SRI TRANG GLOVES price movement. The serial correlation of 0.02 indicates that only 2.0% of current SRI TRANG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
SRI TRANG GLOVES lagged returns against current returns
Autocorrelation, which is SRI TRANG 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 SRI TRANG's stock expected returns. We can calculate the autocorrelation of SRI TRANG returns to help us make a trade decision. For example, suppose you find that SRI TRANG 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 |
SRI TRANG 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 SRI TRANG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SRI TRANG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SRI TRANG stock over time.
Current vs Lagged Prices |
| Timeline |
SRI TRANG Lagged Returns
When evaluating SRI TRANG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SRI TRANG stock have on its future price. SRI TRANG 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, SRI TRANG autocorrelation shows the relationship between SRI TRANG stock current value and its past values and can show if there is a momentum factor associated with investing in SRI TRANG GLOVES.
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 SRI Stock
SRI TRANG financial ratios help investors to determine whether SRI 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 SRI with respect to the benefits of owning SRI TRANG security.