Business Online (Thailand) Market Value
| BOL Stock | THB 5.95 0.05 0.83% |
| Symbol | Business |
Business Online '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 Business Online'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 Business Online.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Business Online on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Business Online PCL or generate 0.0% return on investment in Business Online over 90 days. Business Online is related to or competes with Moong Pattana, Premier Technology, Thai Mitsuwa, Erawan, Airports, Eastern Technical, and Asian Sea. Business Online Public Company Limited, together with its subsidiaries, develops and provides local and global financial... More
Business Online 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 Business Online'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 Business Online PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.5 |
Business Online Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Business Online's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Business Online's standard deviation. In reality, there are many statistical measures that can use Business Online historical prices to predict the future Business Online's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.2584 |
Business Online PCL Backtested Returns
Business Online PCL secures Sharpe Ratio (or Efficiency) of -0.0849, which signifies that the company had a -0.0849% return per unit of risk over the last 3 months. Business Online PCL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Business Online's Mean Deviation of 1.34, standard deviation of 1.67, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Business Online are expected to decrease at a much lower rate. During the bear market, Business Online is likely to outperform the market. At this point, Business Online PCL has a negative expected return of -0.14%. Please make sure to confirm Business Online's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Business Online PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Business Online PCL has modest predictability. Overlapping area represents the amount of predictability between Business Online time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Business Online PCL price movement. The serial correlation of 0.52 indicates that about 52.0% of current Business Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Business Online PCL lagged returns against current returns
Autocorrelation, which is Business Online 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 Business Online's stock expected returns. We can calculate the autocorrelation of Business Online returns to help us make a trade decision. For example, suppose you find that Business Online 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 |
Business Online 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 Business Online stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Business Online stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Business Online stock over time.
Current vs Lagged Prices |
| Timeline |
Business Online Lagged Returns
When evaluating Business Online's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Business Online stock have on its future price. Business Online 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, Business Online autocorrelation shows the relationship between Business Online stock current value and its past values and can show if there is a momentum factor associated with investing in Business Online PCL.
Regressed Prices |
| Timeline |
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Business Online financial ratios help investors to determine whether Business 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 Business with respect to the benefits of owning Business Online security.