SVOA Public (Thailand) Market Value
| SVOA Stock | THB 1.23 0.01 0.81% |
| Symbol | SVOA |
SVOA 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 SVOA 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 SVOA Public.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in SVOA Public on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SVOA Public or generate 0.0% return on investment in SVOA Public over 30 days. SVOA Public is related to or competes with KCE Electronics, Land, Delta Electronics, Siam Cement, and Bangkok Bank. SVOA Public Company Limited provides information technology products and services in Thailand More
SVOA 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 SVOA 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 SVOA Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 1.76 |
SVOA Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SVOA Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SVOA Public's standard deviation. In reality, there are many statistical measures that can use SVOA Public historical prices to predict the future SVOA Public's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 1.57 |
SVOA Public Backtested Returns
SVOA Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.31, which indicates the firm had a -0.31% return per unit of standard deviation over the last 3 months. SVOA Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SVOA Public's variance of 2.85, and Risk Adjusted Performance of (0.21) to confirm the risk estimate we provide. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SVOA Public are expected to decrease at a much lower rate. During the bear market, SVOA Public is likely to outperform the market. At this point, SVOA Public has a negative expected return of -0.53%. Please make sure to validate SVOA Public's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if SVOA Public performance from the past will be repeated at some future point.
Auto-correlation | 0.75 |
Good predictability
SVOA Public has good predictability. Overlapping area represents the amount of predictability between SVOA Public 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 SVOA Public price movement. The serial correlation of 0.75 indicates that around 75.0% of current SVOA Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SVOA Public lagged returns against current returns
Autocorrelation, which is SVOA 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 SVOA Public's stock expected returns. We can calculate the autocorrelation of SVOA Public returns to help us make a trade decision. For example, suppose you find that SVOA 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 |
SVOA 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 SVOA Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SVOA Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SVOA Public stock over time.
Current vs Lagged Prices |
| Timeline |
SVOA Public Lagged Returns
When evaluating SVOA Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SVOA Public stock have on its future price. SVOA 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, SVOA Public autocorrelation shows the relationship between SVOA Public stock current value and its past values and can show if there is a momentum factor associated with investing in SVOA Public.
Regressed Prices |
| Timeline |
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SVOA Public financial ratios help investors to determine whether SVOA 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 SVOA with respect to the benefits of owning SVOA Public security.