AJ Advance (Thailand) Market Value
| AJA Stock | THB 0.15 0.01 7.14% |
| Symbol | AJA |
AJ Advance '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 AJ Advance'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 AJ Advance.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in AJ Advance on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding AJ Advance Technology or generate 0.0% return on investment in AJ Advance over 720 days. AJ Advance is related to or competes with SCB X, Kasikornbank Public, PTT Public, Kasikornbank Public, Siam Commercial, PTT Public, and Bangkok Bank. AJ Advance Technology Public Company Limited, together with its subsidiaries, engages in the wholesale and retail of ele... More
AJ Advance 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 AJ Advance'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 AJ Advance Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.14 | |||
| Information Ratio | 0.0227 | |||
| Maximum Drawdown | 43.33 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.14 |
AJ Advance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AJ Advance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AJ Advance's standard deviation. In reality, there are many statistical measures that can use AJ Advance historical prices to predict the future AJ Advance's volatility.| Risk Adjusted Performance | 0.0428 | |||
| Jensen Alpha | 0.2846 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | (1.11) |
AJ Advance Technology Backtested Returns
AJ Advance is out of control given 3 months investment horizon. AJ Advance Technology retains Efficiency (Sharpe Ratio) of 0.11, which signifies that the company had a 0.11% return per unit of price deviation over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 14.08% are justified by taking the suggested risk. Use AJ Advance Technology Standard Deviation of 6.0, market risk adjusted performance of (1.10), and Coefficient Of Variation of 2249.23 to evaluate company specific risk that cannot be diversified away. AJ Advance holds a performance score of 8 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AJ Advance are expected to decrease at a much lower rate. During the bear market, AJ Advance is likely to outperform the market. Use AJ Advance Technology market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on AJ Advance Technology.
Auto-correlation | 0.49 |
Average predictability
AJ Advance Technology has average predictability. Overlapping area represents the amount of predictability between AJ Advance time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 AJ Advance Technology price movement. The serial correlation of 0.49 indicates that about 49.0% of current AJ Advance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AJ Advance Technology lagged returns against current returns
Autocorrelation, which is AJ Advance 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 AJ Advance's stock expected returns. We can calculate the autocorrelation of AJ Advance returns to help us make a trade decision. For example, suppose you find that AJ Advance 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 |
AJ Advance 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 AJ Advance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AJ Advance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AJ Advance stock over time.
Current vs Lagged Prices |
| Timeline |
AJ Advance Lagged Returns
When evaluating AJ Advance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AJ Advance stock have on its future price. AJ Advance 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, AJ Advance autocorrelation shows the relationship between AJ Advance stock current value and its past values and can show if there is a momentum factor associated with investing in AJ Advance Technology.
Regressed Prices |
| Timeline |
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AJ Advance financial ratios help investors to determine whether AJA 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 AJA with respect to the benefits of owning AJ Advance security.