Bound (Thailand) Market Value
| BEYOND Stock | 8.90 0.25 2.89% |
| Symbol | Bound |
Bound '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 Bound'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 Bound.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Bound on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Bound and Beyond or generate 0.0% return on investment in Bound over 540 days.
Bound 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 Bound'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 Bound and Beyond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 4.17 |
Bound Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bound's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bound's standard deviation. In reality, there are many statistical measures that can use Bound historical prices to predict the future Bound's volatility.| Risk Adjusted Performance | 0.0301 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.088 |
Bound and Beyond Backtested Returns
At this point, Bound is somewhat reliable. Bound and Beyond secures Sharpe Ratio (or Efficiency) of 0.0549, which signifies that the company had a 0.0549% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bound and Beyond, which you can use to evaluate the volatility of the firm. Please confirm Bound's Mean Deviation of 1.38, risk adjusted performance of 0.0301, and Downside Deviation of 1.6 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Bound has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bound's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bound is expected to be smaller as well. Bound and Beyond right now shows a risk of 2.0%. Please confirm Bound and Beyond skewness, and the relationship between the value at risk and day median price , to decide if Bound and Beyond will be following its price patterns.
Auto-correlation | 0.56 |
Modest predictability
Bound and Beyond has modest predictability. Overlapping area represents the amount of predictability between Bound time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Bound and Beyond price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Bound price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Bound and Beyond lagged returns against current returns
Autocorrelation, which is Bound 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 Bound's stock expected returns. We can calculate the autocorrelation of Bound returns to help us make a trade decision. For example, suppose you find that Bound 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 |
Bound 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 Bound stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bound stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bound stock over time.
Current vs Lagged Prices |
| Timeline |
Bound Lagged Returns
When evaluating Bound's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bound stock have on its future price. Bound 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, Bound autocorrelation shows the relationship between Bound stock current value and its past values and can show if there is a momentum factor associated with investing in Bound and Beyond.
Regressed Prices |
| Timeline |
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