Amanah Leasing (Thailand) Market Value
| AMANAH Stock | THB 1.09 0.01 0.93% |
| Symbol | Amanah |
Amanah Leasing '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 Amanah Leasing'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 Amanah Leasing.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Amanah Leasing on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Amanah Leasing Public or generate 0.0% return on investment in Amanah Leasing over 720 days. Amanah Leasing is related to or competes with Thai Energy, Royal Orchid, Grand Canal, PRG Public, Unique Mining, Thai Group, and Nfc PLC. Amanah Leasing Public Company Limited provides hire purchase, financial and operating lease, and inventory finance servi... More
Amanah Leasing 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 Amanah Leasing'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 Amanah Leasing Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.41 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 4.27 |
Amanah Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amanah Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amanah Leasing's standard deviation. In reality, there are many statistical measures that can use Amanah Leasing historical prices to predict the future Amanah Leasing's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.4607 |
Amanah Leasing Public Backtested Returns
Amanah Leasing is out of control given 3 months investment horizon. Amanah Leasing Public secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.0% are justified by taking the suggested risk. Use Amanah Leasing mean deviation of 1.72, and Risk Adjusted Performance of (0.04) to evaluate company specific risk that cannot be diversified away. Amanah Leasing holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Amanah Leasing are expected to decrease at a much lower rate. During the bear market, Amanah Leasing is likely to outperform the market. Use Amanah Leasing value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to analyze future returns on Amanah Leasing.
Auto-correlation | 0.85 |
Very good predictability
Amanah Leasing Public has very good predictability. Overlapping area represents the amount of predictability between Amanah Leasing 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 Amanah Leasing Public price movement. The serial correlation of 0.85 indicates that around 85.0% of current Amanah Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Amanah Leasing Public lagged returns against current returns
Autocorrelation, which is Amanah Leasing 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 Amanah Leasing's stock expected returns. We can calculate the autocorrelation of Amanah Leasing returns to help us make a trade decision. For example, suppose you find that Amanah Leasing 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 |
Amanah Leasing 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 Amanah Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amanah Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amanah Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Amanah Leasing Lagged Returns
When evaluating Amanah Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amanah Leasing stock have on its future price. Amanah Leasing 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, Amanah Leasing autocorrelation shows the relationship between Amanah Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Amanah Leasing Public.
Regressed Prices |
| Timeline |
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Amanah Leasing financial ratios help investors to determine whether Amanah 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 Amanah with respect to the benefits of owning Amanah Leasing security.