Union Auction (Thailand) Market Value
| AUCT Stock | THB 8.50 0.05 0.59% |
| Symbol | Union |
Union Auction '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 Union Auction'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 Union Auction.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Union Auction on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Union Auction Public or generate 0.0% return on investment in Union Auction over 30 days. Union Auction is related to or competes with AP Public, Carabao Group, Forth Smart, Com7 PCL, and Ekachai Medical. Union Auction Public Company Limited provides auction services for assets in Thailand More
Union Auction 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 Union Auction'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 Union Auction Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 6.07 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.1 |
Union Auction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Union Auction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Union Auction's standard deviation. In reality, there are many statistical measures that can use Union Auction historical prices to predict the future Union Auction's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 11.45 |
Union Auction Public Backtested Returns
Union Auction Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Union Auction Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Union Auction's Coefficient Of Variation of (443.60), variance of 1.01, and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The entity has a beta of -0.0207, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Union Auction are expected to decrease at a much lower rate. During the bear market, Union Auction is likely to outperform the market. At this point, Union Auction Public has a negative expected return of -0.17%. Please make sure to validate Union Auction's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Union Auction Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Union Auction Public has good predictability. Overlapping area represents the amount of predictability between Union Auction time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Union Auction Public price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Union Auction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Union Auction Public lagged returns against current returns
Autocorrelation, which is Union Auction 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 Union Auction's stock expected returns. We can calculate the autocorrelation of Union Auction returns to help us make a trade decision. For example, suppose you find that Union Auction 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 |
Union Auction 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 Union Auction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Union Auction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Union Auction stock over time.
Current vs Lagged Prices |
| Timeline |
Union Auction Lagged Returns
When evaluating Union Auction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Union Auction stock have on its future price. Union Auction 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, Union Auction autocorrelation shows the relationship between Union Auction stock current value and its past values and can show if there is a momentum factor associated with investing in Union Auction Public.
Regressed Prices |
| Timeline |
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Union Auction financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Auction security.