Asia Metal (Thailand) Market Value
| AMC Stock | THB 2.90 0.06 2.03% |
| Symbol | Asia |
Asia Metal '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 Asia Metal'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 Asia Metal.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Asia Metal on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Metal Public or generate 0.0% return on investment in Asia Metal over 180 days. Asia Metal is related to or competes with PTT Public, PTT Exploration, CP ALL, and Kasikornbank Public. Asia Metal Public Company Limited produces and sells processed steel products in Thailand More
Asia Metal 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 Asia Metal'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 Asia Metal Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.29 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.81 |
Asia Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Metal's standard deviation. In reality, there are many statistical measures that can use Asia Metal historical prices to predict the future Asia Metal's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.80) |
Asia Metal Public Backtested Returns
Asia Metal is out of control given 3 months investment horizon. Asia Metal Public 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 were able to break down twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.11% are justified by taking the suggested risk. Use Asia Metal Risk Adjusted Performance of (0.08), standard deviation of 1.09, and Mean Deviation of 0.6847 to evaluate company specific risk that cannot be diversified away. Asia Metal holds a performance score of 8 on a scale of zero to a hundred. 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, Asia Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Metal is expected to be smaller as well. Use Asia Metal standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to analyze future returns on Asia Metal.
Auto-correlation | 0.03 |
Virtually no predictability
Asia Metal Public has virtually no predictability. Overlapping area represents the amount of predictability between Asia Metal time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Asia Metal Public price movement. The serial correlation of 0.03 indicates that only 3.0% of current Asia Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Asia Metal Public lagged returns against current returns
Autocorrelation, which is Asia Metal 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 Asia Metal's stock expected returns. We can calculate the autocorrelation of Asia Metal returns to help us make a trade decision. For example, suppose you find that Asia Metal 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 |
Asia Metal 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 Asia Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Metal Lagged Returns
When evaluating Asia Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Metal stock have on its future price. Asia Metal 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, Asia Metal autocorrelation shows the relationship between Asia Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Metal Public.
Regressed Prices |
| Timeline |
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Asia Metal financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Metal security.