Communication System (Thailand) Market Value
| CSS Stock | THB 0.94 0.01 1.08% |
| Symbol | Communication |
Communication System '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 Communication System'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 Communication System.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Communication System on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Communication System Solution or generate 0.0% return on investment in Communication System over 30 days. Communication System is related to or competes with MCS Steel, Asia Plus, Lalin Property, Lam Soon, and KGI Securities. Communication System Solution Public Company Limited distributes and installs production equipment for electricity, wate... More
Communication System 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 Communication System'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 Communication System Solution upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 15.79 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 6.25 |
Communication System Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Communication System's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Communication System's standard deviation. In reality, there are many statistical measures that can use Communication System historical prices to predict the future Communication System's volatility.| Risk Adjusted Performance | 0.0443 | |||
| Jensen Alpha | 0.1664 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0051 | |||
| Treynor Ratio | (0.51) |
Communication System Backtested Returns
Communication System is out of control given 3 months investment horizon. Communication System secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.43% are justified by taking the suggested risk. Use Communication System Risk Adjusted Performance of 0.0443, mean deviation of 1.97, and Downside Deviation of 2.8 to evaluate company specific risk that cannot be diversified away. Communication System holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Communication System are expected to decrease at a much lower rate. During the bear market, Communication System is likely to outperform the market. Use Communication System coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to analyze future returns on Communication System.
Auto-correlation | -0.52 |
Good reverse predictability
Communication System Solution has good reverse predictability. Overlapping area represents the amount of predictability between Communication System 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 Communication System price movement. The serial correlation of -0.52 indicates that about 52.0% of current Communication System price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Communication System lagged returns against current returns
Autocorrelation, which is Communication System 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 Communication System's stock expected returns. We can calculate the autocorrelation of Communication System returns to help us make a trade decision. For example, suppose you find that Communication System 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 |
Communication System 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 Communication System stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Communication System stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Communication System stock over time.
Current vs Lagged Prices |
| Timeline |
Communication System Lagged Returns
When evaluating Communication System's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Communication System stock have on its future price. Communication System 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, Communication System autocorrelation shows the relationship between Communication System stock current value and its past values and can show if there is a momentum factor associated with investing in Communication System Solution.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Communication Stock
Communication System financial ratios help investors to determine whether Communication 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 Communication with respect to the benefits of owning Communication System security.