XSpring Capital (Thailand) Market Value
| XPG Stock | THB 0.92 0.01 1.08% |
| Symbol | XSpring |
XSpring Capital '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 XSpring Capital'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 XSpring Capital.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in XSpring Capital on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding XSpring Capital Public or generate 0.0% return on investment in XSpring Capital over 30 days. XSpring Capital is related to or competes with TMBThanachart Bank, Ngern Tid, Jay Mart, Sri Trang, and Taokaenoi Food. XSpring Capital Public Company Limited, together with its subsidiaries, engages in the securities business in Thailand More
XSpring Capital 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 XSpring Capital'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 XSpring Capital Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.52 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 5.05 |
XSpring Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XSpring Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XSpring Capital's standard deviation. In reality, there are many statistical measures that can use XSpring Capital historical prices to predict the future XSpring Capital's volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0173 |
XSpring Capital Public Backtested Returns
XSpring Capital Public shows Sharpe Ratio of -0.0433, which attests that the company had a -0.0433% return per unit of risk over the last 3 months. XSpring Capital Public exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XSpring Capital's Market Risk Adjusted Performance of 0.0273, mean deviation of 1.74, and Downside Deviation of 2.85 to validate the risk estimate we provide. The firm maintains a market beta of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, XSpring Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding XSpring Capital is expected to be smaller as well. At this point, XSpring Capital Public has a negative expected return of -0.11%. Please make sure to check out XSpring Capital's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if XSpring Capital Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
XSpring Capital Public has poor predictability. Overlapping area represents the amount of predictability between XSpring Capital 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 XSpring Capital Public price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current XSpring Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XSpring Capital Public lagged returns against current returns
Autocorrelation, which is XSpring Capital 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 XSpring Capital's stock expected returns. We can calculate the autocorrelation of XSpring Capital returns to help us make a trade decision. For example, suppose you find that XSpring Capital 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 |
XSpring Capital 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 XSpring Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XSpring Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XSpring Capital stock over time.
Current vs Lagged Prices |
| Timeline |
XSpring Capital Lagged Returns
When evaluating XSpring Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XSpring Capital stock have on its future price. XSpring Capital 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, XSpring Capital autocorrelation shows the relationship between XSpring Capital stock current value and its past values and can show if there is a momentum factor associated with investing in XSpring Capital Public.
Regressed Prices |
| Timeline |
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XSpring Capital financial ratios help investors to determine whether XSpring 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 XSpring with respect to the benefits of owning XSpring Capital security.