Asia Sermkij (Thailand) Market Value
| ASK Stock | THB 10.70 0.10 0.94% |
| Symbol | Asia |
Asia Sermkij '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 Sermkij'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 Sermkij.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Asia Sermkij on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Sermkij Leasing or generate 0.0% return on investment in Asia Sermkij over 690 days. Asia Sermkij is related to or competes with AP Public, Kiatnakin Phatra, TISCO Financial, Carabao Group, and Home Product. Asia Sermkij Leasing Public Company Limited provides auto hire purchase services primarily in Thailand More
Asia Sermkij 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 Sermkij'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 Sermkij Leasing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 5.51 |
Asia Sermkij Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Sermkij's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Sermkij's standard deviation. In reality, there are many statistical measures that can use Asia Sermkij historical prices to predict the future Asia Sermkij's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 0.4028 |
Asia Sermkij Leasing Backtested Returns
Asia Sermkij Leasing secures Sharpe Ratio (or Efficiency) of -0.0909, which signifies that the company had a -0.0909% return per unit of risk over the last 3 months. Asia Sermkij Leasing exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Sermkij's Mean Deviation of 1.98, risk adjusted performance of (0.09), and Standard Deviation of 2.67 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asia Sermkij are expected to decrease at a much lower rate. During the bear market, Asia Sermkij is likely to outperform the market. At this point, Asia Sermkij Leasing has a negative expected return of -0.24%. Please make sure to confirm Asia Sermkij's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Asia Sermkij Leasing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Asia Sermkij Leasing has very good predictability. Overlapping area represents the amount of predictability between Asia Sermkij time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Sermkij Leasing price movement. The serial correlation of 0.83 indicates that around 83.0% of current Asia Sermkij price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 7.47 |
Asia Sermkij Leasing lagged returns against current returns
Autocorrelation, which is Asia Sermkij 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 Sermkij's stock expected returns. We can calculate the autocorrelation of Asia Sermkij returns to help us make a trade decision. For example, suppose you find that Asia Sermkij 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 Sermkij 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 Sermkij stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Sermkij stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Sermkij stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Sermkij Lagged Returns
When evaluating Asia Sermkij's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Sermkij stock have on its future price. Asia Sermkij 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 Sermkij autocorrelation shows the relationship between Asia Sermkij stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Sermkij Leasing.
Regressed Prices |
| Timeline |
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Asia Sermkij 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 Sermkij security.