Ama Marine (Thailand) Market Value
| AMA Stock | THB 4.16 0.06 1.46% |
| Symbol | Ama |
Ama Marine '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 Ama Marine'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 Ama Marine.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ama Marine on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ama Marine Public or generate 0.0% return on investment in Ama Marine over 30 days. Ama Marine is related to or competes with Arrow Syndicate, After You, Union Auction, and Akkhie Prakarn. Ama Marine Public Company Limited engages in marine transportation business in Southeast Asia, East Asia, and South Asia... More
Ama Marine 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 Ama Marine'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 Ama Marine Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 2.18 |
Ama Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ama Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ama Marine's standard deviation. In reality, there are many statistical measures that can use Ama Marine historical prices to predict the future Ama Marine's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.20) |
Ama Marine Public Backtested Returns
Ama Marine Public secures Sharpe Ratio (or Efficiency) of -0.0111, which signifies that the company had a -0.0111% return per unit of standard deviation over the last 3 months. Ama Marine Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ama Marine's mean deviation of 0.9776, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ama Marine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ama Marine is expected to be smaller as well. At this point, Ama Marine Public has a negative expected return of -0.0146%. Please make sure to confirm Ama Marine's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Ama Marine Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Ama Marine Public has good predictability. Overlapping area represents the amount of predictability between Ama Marine time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Ama Marine Public price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Ama Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ama Marine Public lagged returns against current returns
Autocorrelation, which is Ama Marine 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 Ama Marine's stock expected returns. We can calculate the autocorrelation of Ama Marine returns to help us make a trade decision. For example, suppose you find that Ama Marine 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 |
Ama Marine 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 Ama Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ama Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ama Marine stock over time.
Current vs Lagged Prices |
| Timeline |
Ama Marine Lagged Returns
When evaluating Ama Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ama Marine stock have on its future price. Ama Marine 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, Ama Marine autocorrelation shows the relationship between Ama Marine stock current value and its past values and can show if there is a momentum factor associated with investing in Ama Marine Public.
Regressed Prices |
| Timeline |
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Ama Marine financial ratios help investors to determine whether Ama 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 Ama with respect to the benefits of owning Ama Marine security.