Ananda Development (Thailand) Market Value
| ANAN Stock | THB 0.66 0.01 1.54% |
| Symbol | Ananda |
Ananda Development '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 Ananda Development'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 Ananda Development.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Ananda Development on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Ananda Development Public or generate 0.0% return on investment in Ananda Development over 30 days. Ananda Development is related to or competes with WHA Public, and LPN Development. Ananda Development Public Company Limited develops and sells various real estate projects in Thailand More
Ananda Development 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 Ananda Development'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 Ananda Development Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0116 | |||
| Maximum Drawdown | 16.6 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 5.41 |
Ananda Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ananda Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ananda Development's standard deviation. In reality, there are many statistical measures that can use Ananda Development historical prices to predict the future Ananda Development's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | 0.1929 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0115 | |||
| Treynor Ratio | (0.45) |
Ananda Development Public Backtested Returns
Ananda Development is out of control given 3 months investment horizon. Ananda Development 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 collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 14.0% are justified by taking the suggested risk. Use Ananda Development risk adjusted performance of 0.0532, and Mean Deviation of 1.62 to evaluate company specific risk that cannot be diversified away. Ananda Development holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ananda Development are expected to decrease at a much lower rate. During the bear market, Ananda Development is likely to outperform the market. Use Ananda Development 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 Ananda Development.
Auto-correlation | 0.28 |
Poor predictability
Ananda Development Public has poor predictability. Overlapping area represents the amount of predictability between Ananda Development time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Ananda Development Public price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Ananda Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ananda Development Public lagged returns against current returns
Autocorrelation, which is Ananda Development 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 Ananda Development's stock expected returns. We can calculate the autocorrelation of Ananda Development returns to help us make a trade decision. For example, suppose you find that Ananda Development 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 |
Ananda Development 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 Ananda Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ananda Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ananda Development stock over time.
Current vs Lagged Prices |
| Timeline |
Ananda Development Lagged Returns
When evaluating Ananda Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ananda Development stock have on its future price. Ananda Development 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, Ananda Development autocorrelation shows the relationship between Ananda Development stock current value and its past values and can show if there is a momentum factor associated with investing in Ananda Development Public.
Regressed Prices |
| Timeline |
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Ananda Development financial ratios help investors to determine whether Ananda 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 Ananda with respect to the benefits of owning Ananda Development security.