Applicad Public (Thailand) Market Value
| APP Stock | THB 1.71 0.13 7.07% |
| Symbol | Applicad |
Applicad Public '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 Applicad Public'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 Applicad Public.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Applicad Public on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Applicad Public or generate 0.0% return on investment in Applicad Public over 720 days. Applicad Public is related to or competes with Intermedical Care, Forth Smart, After You, Erawan, Autocorp Holding, XSpring Capital, and Ditto Public. Applicad Public Company Limited sells computer programs and provides maintenance services for computer programs More
Applicad Public 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 Applicad Public'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 Applicad Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.21 | |||
| Information Ratio | 0.0545 | |||
| Maximum Drawdown | 37.11 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 6.74 |
Applicad Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Applicad Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Applicad Public's standard deviation. In reality, there are many statistical measures that can use Applicad Public historical prices to predict the future Applicad Public's volatility.| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | 0.4183 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0679 | |||
| Treynor Ratio | (4.13) |
Applicad Public Backtested Returns
Applicad Public appears to be dangerous, given 3 months investment horizon. Applicad 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. By analyzing Applicad Public's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Applicad Public's Risk Adjusted Performance of 0.0692, downside deviation of 4.21, and Mean Deviation of 2.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Applicad Public holds a performance score of 8. The firm shows a Beta (market volatility) of -0.0985, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Applicad Public are expected to decrease at a much lower rate. During the bear market, Applicad Public is likely to outperform the market. Please check Applicad Public's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Applicad Public's price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Applicad Public has modest predictability. Overlapping area represents the amount of predictability between Applicad Public time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Applicad Public price movement. The serial correlation of 0.53 indicates that about 53.0% of current Applicad Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Applicad Public lagged returns against current returns
Autocorrelation, which is Applicad Public 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 Applicad Public's stock expected returns. We can calculate the autocorrelation of Applicad Public returns to help us make a trade decision. For example, suppose you find that Applicad Public 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 |
Applicad Public 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 Applicad Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Applicad Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Applicad Public stock over time.
Current vs Lagged Prices |
| Timeline |
Applicad Public Lagged Returns
When evaluating Applicad Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Applicad Public stock have on its future price. Applicad Public 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, Applicad Public autocorrelation shows the relationship between Applicad Public stock current value and its past values and can show if there is a momentum factor associated with investing in Applicad Public.
Regressed Prices |
| Timeline |
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Applicad Public financial ratios help investors to determine whether Applicad 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 Applicad with respect to the benefits of owning Applicad Public security.