Asian Insulators (Thailand) Market Value
| AI Stock | 3.72 0.02 0.53% |
| Symbol | Asian |
Asian Insulators '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 Asian Insulators' 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 Asian Insulators.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Asian Insulators on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Asian Insulators PCL or generate 0.0% return on investment in Asian Insulators over 30 days. Asian Insulators is related to or competes with PTT Oil, and Power Solution. More
Asian Insulators 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 Asian Insulators' 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 Asian Insulators PCL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.6 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.58 |
Asian Insulators Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asian Insulators' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asian Insulators' standard deviation. In reality, there are many statistical measures that can use Asian Insulators historical prices to predict the future Asian Insulators' volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (3.66) |
Asian Insulators PCL Backtested Returns
Asian Insulators is out of control given 3 months investment horizon. Asian Insulators PCL secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have analyzed twenty-seven different technical indicators, which can help you to evaluate if expected returns of 14.55% are justified by taking the suggested risk. Use Asian Insulators Risk Adjusted Performance of 0.0389, downside deviation of 1.58, and Mean Deviation of 0.902 to evaluate company specific risk that cannot be diversified away. Asian Insulators holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0146, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asian Insulators are expected to decrease at a much lower rate. During the bear market, Asian Insulators is likely to outperform the market. Use Asian Insulators sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to analyze future returns on Asian Insulators.
Auto-correlation | 0.59 |
Modest predictability
Asian Insulators PCL has modest predictability. Overlapping area represents the amount of predictability between Asian Insulators time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Asian Insulators PCL price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Asian Insulators price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asian Insulators PCL lagged returns against current returns
Autocorrelation, which is Asian Insulators 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 Asian Insulators' stock expected returns. We can calculate the autocorrelation of Asian Insulators returns to help us make a trade decision. For example, suppose you find that Asian Insulators 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 |
Asian Insulators 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 Asian Insulators stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asian Insulators stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asian Insulators stock over time.
Current vs Lagged Prices |
| Timeline |
Asian Insulators Lagged Returns
When evaluating Asian Insulators' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asian Insulators stock have on its future price. Asian Insulators 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, Asian Insulators autocorrelation shows the relationship between Asian Insulators stock current value and its past values and can show if there is a momentum factor associated with investing in Asian Insulators PCL.
Regressed Prices |
| Timeline |
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Asian Insulators financial ratios help investors to determine whether Asian 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 Asian with respect to the benefits of owning Asian Insulators security.