AAPICO Hitech (Thailand) Market Value
| AH Stock | 18.20 0.30 1.62% |
| Symbol | AAPICO |
AAPICO Hitech '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 AAPICO Hitech'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 AAPICO Hitech.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in AAPICO Hitech on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding AAPICO Hitech Public or generate 0.0% return on investment in AAPICO Hitech over 510 days. AAPICO Hitech is related to or competes with PINTHONG INDUSTRIAL, Porn Prom, Warrix Sport, Quality Construction, WHA Industrial, Syntec Construction, and Central Retail. More
AAPICO Hitech 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 AAPICO Hitech'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 AAPICO Hitech Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.1 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 3.92 |
AAPICO Hitech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AAPICO Hitech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AAPICO Hitech's standard deviation. In reality, there are many statistical measures that can use AAPICO Hitech historical prices to predict the future AAPICO Hitech's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.65) |
AAPICO Hitech Public Backtested Returns
AAPICO Hitech Public secures Sharpe Ratio (or Efficiency) of -0.0298, which signifies that the company had a -0.0298% return per unit of risk over the last 3 months. AAPICO Hitech Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AAPICO Hitech's Coefficient Of Variation of (5,902), variance of 5.79, and Mean Deviation of 1.75 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.078, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AAPICO Hitech's returns are expected to increase less than the market. However, during the bear market, the loss of holding AAPICO Hitech is expected to be smaller as well. At this point, AAPICO Hitech Public has a negative expected return of -0.0724%. Please make sure to confirm AAPICO Hitech's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if AAPICO Hitech Public performance from the past will be repeated in the future.
Auto-correlation | 0.33 |
Below average predictability
AAPICO Hitech Public has below average predictability. Overlapping area represents the amount of predictability between AAPICO Hitech time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 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 AAPICO Hitech Public price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current AAPICO Hitech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 4.28 |
AAPICO Hitech Public lagged returns against current returns
Autocorrelation, which is AAPICO Hitech 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 AAPICO Hitech's stock expected returns. We can calculate the autocorrelation of AAPICO Hitech returns to help us make a trade decision. For example, suppose you find that AAPICO Hitech 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 |
AAPICO Hitech 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 AAPICO Hitech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AAPICO Hitech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AAPICO Hitech stock over time.
Current vs Lagged Prices |
| Timeline |
AAPICO Hitech Lagged Returns
When evaluating AAPICO Hitech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AAPICO Hitech stock have on its future price. AAPICO Hitech 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, AAPICO Hitech autocorrelation shows the relationship between AAPICO Hitech stock current value and its past values and can show if there is a momentum factor associated with investing in AAPICO Hitech Public.
Regressed Prices |
| Timeline |
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AAPICO Hitech financial ratios help investors to determine whether AAPICO 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 AAPICO with respect to the benefits of owning AAPICO Hitech security.