Eureka Design (Thailand) Market Value
| UREKA Stock | THB 0.67 0.02 3.08% |
| Symbol | Eureka |
Eureka Design '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 Eureka Design'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 Eureka Design.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Eureka Design on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Eureka Design Public or generate 0.0% return on investment in Eureka Design over 720 days. Eureka Design is related to or competes with Delta Electronics, Delta Electronics, Airports, Airports, PTT Public, PTT Public, and Intouch Holdings. Eureka Design Public Company Limited designs, manufactures, and sells machinery for the automotive and other industries ... More
Eureka Design 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 Eureka Design'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 Eureka Design Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.1314 | |||
| Maximum Drawdown | 17.2 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 5.17 |
Eureka Design Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eureka Design's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eureka Design's standard deviation. In reality, there are many statistical measures that can use Eureka Design historical prices to predict the future Eureka Design's volatility.| Risk Adjusted Performance | 0.1409 | |||
| Jensen Alpha | 0.4523 | |||
| Total Risk Alpha | 0.0622 | |||
| Sortino Ratio | 0.1204 | |||
| Treynor Ratio | 1.48 |
Eureka Design Public Backtested Returns
Eureka Design appears to be extremely dangerous, given 3 months investment horizon. Eureka Design Public secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. By reviewing Eureka Design's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Eureka Design's Mean Deviation of 2.12, coefficient of variation of 572.07, and Downside Deviation of 3.12 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eureka Design holds a performance score of 13. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eureka Design's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eureka Design is expected to be smaller as well. Please check Eureka Design's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Eureka Design's price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Eureka Design Public has good predictability. Overlapping area represents the amount of predictability between Eureka Design time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Eureka Design Public price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Eureka Design price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eureka Design Public lagged returns against current returns
Autocorrelation, which is Eureka Design 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 Eureka Design's stock expected returns. We can calculate the autocorrelation of Eureka Design returns to help us make a trade decision. For example, suppose you find that Eureka Design 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 |
Eureka Design 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 Eureka Design stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eureka Design stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eureka Design stock over time.
Current vs Lagged Prices |
| Timeline |
Eureka Design Lagged Returns
When evaluating Eureka Design's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eureka Design stock have on its future price. Eureka Design 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, Eureka Design autocorrelation shows the relationship between Eureka Design stock current value and its past values and can show if there is a momentum factor associated with investing in Eureka Design Public.
Regressed Prices |
| Timeline |
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Eureka Design financial ratios help investors to determine whether Eureka 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 Eureka with respect to the benefits of owning Eureka Design security.