Asia Network (Thailand) Market Value
| ANI Stock | 3.88 0.06 1.52% |
| Symbol | Asia |
Asia Network '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 Network'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 Network.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Asia Network on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Network International or generate 0.0% return on investment in Asia Network over 30 days.
Asia Network 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 Network'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 Network International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.02 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 2.45 |
Asia Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Network's standard deviation. In reality, there are many statistical measures that can use Asia Network historical prices to predict the future Asia Network's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.14) |
Asia Network Interna Backtested Returns
Asia Network is out of control given 3 months investment horizon. Asia Network Interna 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 collect and analyze data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.38% are justified by taking the suggested risk. Use Asia Network insignificant Risk Adjusted Performance, mean deviation of 0.9411, and Standard Deviation of 1.33 to evaluate company specific risk that cannot be diversified away. Asia Network holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Network is expected to be smaller as well. Use Asia Network 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 Network.
Auto-correlation | -0.54 |
Good reverse predictability
Asia Network International has good reverse predictability. Overlapping area represents the amount of predictability between Asia Network time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Network Interna price movement. The serial correlation of -0.54 indicates that about 54.0% of current Asia Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Asia Network Interna lagged returns against current returns
Autocorrelation, which is Asia Network 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 Network's stock expected returns. We can calculate the autocorrelation of Asia Network returns to help us make a trade decision. For example, suppose you find that Asia Network 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 Network 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 Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Network stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Network Lagged Returns
When evaluating Asia Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Network stock have on its future price. Asia Network 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 Network autocorrelation shows the relationship between Asia Network stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Network International.
Regressed Prices |
| Timeline |
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