Bangkok Airways (Thailand) Market Value
| BA Stock | THB 24.50 0.70 2.94% |
| Symbol | Bangkok |
Bangkok Airways '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 Bangkok Airways' 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 Bangkok Airways.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Bangkok Airways on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Bangkok Airways Public or generate 0.0% return on investment in Bangkok Airways over 30 days. Bangkok Airways is related to or competes with Tata Steel, Thaifoods Group, TMT Steel, Erawan, Airports, Eastern Technical, and Asian Sea. Bangkok Airways Public Company Limited, together with its subsidiaries, provides air transportation and airport services... More
Bangkok Airways 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 Bangkok Airways' 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 Bangkok Airways Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0714 | |||
| Maximum Drawdown | 12.49 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.2 |
Bangkok Airways Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bangkok Airways' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bangkok Airways' standard deviation. In reality, there are many statistical measures that can use Bangkok Airways historical prices to predict the future Bangkok Airways' volatility.| Risk Adjusted Performance | 0.1078 | |||
| Jensen Alpha | 0.2671 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0741 | |||
| Treynor Ratio | 4.56 |
Bangkok Airways Public Backtested Returns
Bangkok Airways appears to be very steady, given 3 months investment horizon. Bangkok Airways Public secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bangkok Airways Public, which you can use to evaluate the volatility of the firm. Please makes use of Bangkok Airways' Mean Deviation of 1.69, risk adjusted performance of 0.1078, and Downside Deviation of 2.07 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bangkok Airways holds a performance score of 8. The firm shows a Beta (market volatility) of 0.0602, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bangkok Airways' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bangkok Airways is expected to be smaller as well. Please check Bangkok Airways' jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Bangkok Airways' price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Bangkok Airways Public has weak reverse predictability. Overlapping area represents the amount of predictability between Bangkok Airways time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Bangkok Airways Public price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Bangkok Airways price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Bangkok Airways Public lagged returns against current returns
Autocorrelation, which is Bangkok Airways 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 Bangkok Airways' stock expected returns. We can calculate the autocorrelation of Bangkok Airways returns to help us make a trade decision. For example, suppose you find that Bangkok Airways 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 |
Bangkok Airways 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 Bangkok Airways stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bangkok Airways stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bangkok Airways stock over time.
Current vs Lagged Prices |
| Timeline |
Bangkok Airways Lagged Returns
When evaluating Bangkok Airways' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bangkok Airways stock have on its future price. Bangkok Airways 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, Bangkok Airways autocorrelation shows the relationship between Bangkok Airways stock current value and its past values and can show if there is a momentum factor associated with investing in Bangkok Airways Public.
Regressed Prices |
| Timeline |
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Bangkok Airways financial ratios help investors to determine whether Bangkok 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 Bangkok with respect to the benefits of owning Bangkok Airways security.