ABF Thailand (Thailand) Market Value
| ABFTH Etf | 1,245 99.00 7.37% |
| Symbol | ABF |
ABF Thailand '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 ABF Thailand's etf 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 ABF Thailand.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in ABF Thailand on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding The ABF Thailand or generate 0.0% return on investment in ABF Thailand over 90 days.
ABF Thailand 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 ABF Thailand's etf 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 The ABF Thailand upside and downside potential and time the market with a certain degree of confidence.
ABF Thailand Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABF Thailand's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABF Thailand's standard deviation. In reality, there are many statistical measures that can use ABF Thailand historical prices to predict the future ABF Thailand's volatility.ABF Thailand Backtested Returns
At this point, ABF Thailand is very steady. ABF Thailand secures Sharpe Ratio (or Efficiency) of 0.0069, which signifies that the etf had a 0.0069% return per unit of standard deviation over the last 3 months. We have found six technical indicators for The ABF Thailand, which you can use to evaluate the volatility of the entity. Please confirm ABF Thailand's Daily Balance Of Power of (9,223,372,036,855), day median price of 1245.0, and Day Typical Price of 1245.0 to double-check if the risk estimate we provide is consistent with the expected return of 0.0096%. The etf shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and ABF Thailand are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
The ABF Thailand has no correlation between past and present. Overlapping area represents the amount of predictability between ABF Thailand time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 ABF Thailand price movement. The serial correlation of 0.0 indicates that just 0.0% of current ABF Thailand price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 305.96 |
ABF Thailand lagged returns against current returns
Autocorrelation, which is ABF Thailand etf'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 ABF Thailand's etf expected returns. We can calculate the autocorrelation of ABF Thailand returns to help us make a trade decision. For example, suppose you find that ABF Thailand has exhibited high autocorrelation historically, and you observe that the etf 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 |
ABF Thailand 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 ABF Thailand etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABF Thailand etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABF Thailand etf over time.
Current vs Lagged Prices |
| Timeline |
ABF Thailand Lagged Returns
When evaluating ABF Thailand's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABF Thailand etf have on its future price. ABF Thailand 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, ABF Thailand autocorrelation shows the relationship between ABF Thailand etf current value and its past values and can show if there is a momentum factor associated with investing in The ABF Thailand.
Regressed Prices |
| Timeline |
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