Syntec Construction (Thailand) Market Value
| SYNTEC Stock | THB 1.61 0.02 1.23% |
| Symbol | Syntec |
Syntec Construction '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 Syntec Construction'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 Syntec Construction.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Syntec Construction on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Syntec Construction Public or generate 0.0% return on investment in Syntec Construction over 30 days. Syntec Construction is related to or competes with Tipco Foods, STPI Public, Seafco Public, and Tipco Asphalt. Syntec Construction Public Company Limited engages in real estate development and construction activities in Thailand More
Syntec Construction 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 Syntec Construction'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 Syntec Construction Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.81 |
Syntec Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Syntec Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Syntec Construction's standard deviation. In reality, there are many statistical measures that can use Syntec Construction historical prices to predict the future Syntec Construction's volatility.| Risk Adjusted Performance | 0.032 | |||
| Jensen Alpha | 0.043 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Syntec Construction's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Syntec Construction Backtested Returns
At this point, Syntec Construction is relatively risky. Syntec Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0502, which indicates the firm had a 0.0502% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Syntec Construction Public, which you can use to evaluate the volatility of the company. Please validate Syntec Construction's Coefficient Of Variation of 2558.22, risk adjusted performance of 0.032, and Semi Deviation of 0.6684 to confirm if the risk estimate we provide is consistent with the expected return of 0.0594%. Syntec Construction has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0845, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Syntec Construction are expected to decrease at a much lower rate. During the bear market, Syntec Construction is likely to outperform the market. Syntec Construction right now has a risk of 1.18%. Please validate Syntec Construction value at risk, as well as the relationship between the skewness and day median price , to decide if Syntec Construction will be following its existing price patterns.
Auto-correlation | 0.34 |
Below average predictability
Syntec Construction Public has below average predictability. Overlapping area represents the amount of predictability between Syntec Construction time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Syntec Construction price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Syntec Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Syntec Construction lagged returns against current returns
Autocorrelation, which is Syntec Construction 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 Syntec Construction's stock expected returns. We can calculate the autocorrelation of Syntec Construction returns to help us make a trade decision. For example, suppose you find that Syntec Construction 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 |
Syntec Construction 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 Syntec Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Syntec Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Syntec Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Syntec Construction Lagged Returns
When evaluating Syntec Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Syntec Construction stock have on its future price. Syntec Construction 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, Syntec Construction autocorrelation shows the relationship between Syntec Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Syntec Construction Public.
Regressed Prices |
| Timeline |
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Syntec Construction financial ratios help investors to determine whether Syntec 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 Syntec with respect to the benefits of owning Syntec Construction security.