Bangkok Expressway (Thailand) Market Value
| BEM Stock | THB 7.45 0.15 1.97% |
| Symbol | Bangkok |
Bangkok Expressway '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 Expressway'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 Bangkok Expressway.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Bangkok Expressway on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Bangkok Expressway and or generate 0.0% return on investment in Bangkok Expressway over 30 days. Bangkok Expressway is related to or competes with Tata Steel, Thaifoods Group, TMT Steel, Erawan, Eastern Technical, Asian Sea, and ONE Enterprise. Bangkok Expressway and Metro Public Company Limited, together with its subsidiaries, engages in the construction and man... More
Bangkok Expressway 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 Expressway'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 Bangkok Expressway and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.15 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.91 |
Bangkok Expressway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bangkok Expressway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bangkok Expressway's standard deviation. In reality, there are many statistical measures that can use Bangkok Expressway historical prices to predict the future Bangkok Expressway's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.24) |
Bangkok Expressway and Backtested Returns
Bangkok Expressway and secures Sharpe Ratio (or Efficiency) of -0.0751, which signifies that the company had a -0.0751% return per unit of risk over the last 3 months. Bangkok Expressway and exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bangkok Expressway's Mean Deviation of 0.8758, risk adjusted performance of (0.03), and Standard Deviation of 1.25 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bangkok Expressway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bangkok Expressway is expected to be smaller as well. At this point, Bangkok Expressway and has a negative expected return of -0.0789%. Please make sure to confirm Bangkok Expressway's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Bangkok Expressway and performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Bangkok Expressway and has modest predictability. Overlapping area represents the amount of predictability between Bangkok Expressway 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 Bangkok Expressway and price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Bangkok Expressway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bangkok Expressway and lagged returns against current returns
Autocorrelation, which is Bangkok Expressway 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 Expressway's stock expected returns. We can calculate the autocorrelation of Bangkok Expressway returns to help us make a trade decision. For example, suppose you find that Bangkok Expressway 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 Expressway 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 Expressway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bangkok Expressway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bangkok Expressway stock over time.
Current vs Lagged Prices |
| Timeline |
Bangkok Expressway Lagged Returns
When evaluating Bangkok Expressway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bangkok Expressway stock have on its future price. Bangkok Expressway 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 Expressway autocorrelation shows the relationship between Bangkok Expressway stock current value and its past values and can show if there is a momentum factor associated with investing in Bangkok Expressway and.
Regressed Prices |
| Timeline |
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Bangkok Expressway 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 Expressway security.