Salee Colour (Thailand) Market Value
| COLOR Stock | THB 1.14 0.01 0.88% |
| Symbol | Salee |
Salee Colour '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 Salee Colour'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 Salee Colour.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Salee Colour on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Salee Colour Public or generate 0.0% return on investment in Salee Colour over 180 days. Salee Colour is related to or competes with Megachem Public, NCL International, Erawan, Airports, Eastern Technical, Pylon Public, and Asian Sea. Salee Colour Public Company Limited manufactures and distributes pigment pellets and pigment powders in Thailand More
Salee Colour 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 Salee Colour'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 Salee Colour Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.78 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 3.6 |
Salee Colour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salee Colour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salee Colour's standard deviation. In reality, there are many statistical measures that can use Salee Colour historical prices to predict the future Salee Colour's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.4178 |
Salee Colour Public Backtested Returns
Salee Colour is out of control given 3 months investment horizon. Salee Colour Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have analyzed twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.05% are justified by taking the suggested risk. Use Salee Colour Public Risk Adjusted Performance of (0.01), coefficient of variation of (5,541), and Variance of 5.06 to evaluate company specific risk that cannot be diversified away. Salee Colour holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Salee Colour are expected to decrease at a much lower rate. During the bear market, Salee Colour is likely to outperform the market. Use Salee Colour Public value at risk, as well as the relationship between the daily balance of power and price action indicator , to analyze future returns on Salee Colour Public.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Salee Colour Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Salee Colour time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Salee Colour Public price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Salee Colour price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Salee Colour Public lagged returns against current returns
Autocorrelation, which is Salee Colour 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 Salee Colour's stock expected returns. We can calculate the autocorrelation of Salee Colour returns to help us make a trade decision. For example, suppose you find that Salee Colour 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 |
Salee Colour 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 Salee Colour stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salee Colour stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salee Colour stock over time.
Current vs Lagged Prices |
| Timeline |
Salee Colour Lagged Returns
When evaluating Salee Colour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salee Colour stock have on its future price. Salee Colour 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, Salee Colour autocorrelation shows the relationship between Salee Colour stock current value and its past values and can show if there is a momentum factor associated with investing in Salee Colour Public.
Regressed Prices |
| Timeline |
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Salee Colour financial ratios help investors to determine whether Salee 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 Salee with respect to the benefits of owning Salee Colour security.