Bless Asset (Thailand) Market Value
| BLESS Stock | 0.38 0.01 2.70% |
| Symbol | Bless |
Bless Asset '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 Bless Asset'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 Bless Asset.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bless Asset on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Bless Asset Group or generate 0.0% return on investment in Bless Asset over 180 days.
Bless Asset 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 Bless Asset'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 Bless Asset Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 40.48 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 3.92 |
Bless Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bless Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bless Asset's standard deviation. In reality, there are many statistical measures that can use Bless Asset historical prices to predict the future Bless Asset's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0013 | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | 0.1259 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bless Asset's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bless Asset Group Backtested Returns
Bless Asset Group secures Sharpe Ratio (or Efficiency) of -0.0109, which signifies that the company had a -0.0109% return per unit of standard deviation over the last 3 months. Bless Asset Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bless Asset's mean deviation of 2.39, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bless Asset are expected to decrease at a much lower rate. During the bear market, Bless Asset is likely to outperform the market. At this point, Bless Asset Group has a negative expected return of -0.0533%. Please make sure to confirm Bless Asset's total risk alpha and the relationship between the skewness and relative strength index , to decide if Bless Asset Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Bless Asset Group has good predictability. Overlapping area represents the amount of predictability between Bless Asset time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Bless Asset Group price movement. The serial correlation of 0.69 indicates that around 69.0% of current Bless Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bless Asset Group lagged returns against current returns
Autocorrelation, which is Bless Asset 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 Bless Asset's stock expected returns. We can calculate the autocorrelation of Bless Asset returns to help us make a trade decision. For example, suppose you find that Bless Asset 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 |
Bless Asset 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 Bless Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bless Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bless Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Bless Asset Lagged Returns
When evaluating Bless Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bless Asset stock have on its future price. Bless Asset 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, Bless Asset autocorrelation shows the relationship between Bless Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Bless Asset Group.
Regressed Prices |
| Timeline |
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