Dental Public (Thailand) Market Value
| D Stock | THB 3.18 0.02 0.63% |
| Symbol | Dental |
Dental Public '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 Dental Public'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 Dental Public.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Dental Public on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Dental Public or generate 0.0% return on investment in Dental Public over 720 days. Dental Public is related to or competes with Humanica Public, After You, Chularat Hospital, Comanche International, and Bangkok Chain. Dental Corporation Public Company Limited provides dental services and products in Thailand More
Dental Public 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 Dental Public'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 Dental Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.79 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.43 |
Dental Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dental Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dental Public's standard deviation. In reality, there are many statistical measures that can use Dental Public historical prices to predict the future Dental Public's volatility.| Risk Adjusted Performance | 0.0161 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.16) |
Dental Public Backtested Returns
Dental Public is out of control given 3 months investment horizon. Dental Public secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 14.09% are justified by taking the suggested risk. Use Dental Public Coefficient Of Variation of 7216.3, mean deviation of 1.16, and Downside Deviation of 1.6 to evaluate company specific risk that cannot be diversified away. Dental Public holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0818, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dental Public are expected to decrease at a much lower rate. During the bear market, Dental Public is likely to outperform the market. Use Dental Public jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to analyze future returns on Dental Public.
Auto-correlation | -0.41 |
Modest reverse predictability
Dental Public has modest reverse predictability. Overlapping area represents the amount of predictability between Dental Public time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Dental Public price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Dental Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Dental Public lagged returns against current returns
Autocorrelation, which is Dental Public 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 Dental Public's stock expected returns. We can calculate the autocorrelation of Dental Public returns to help us make a trade decision. For example, suppose you find that Dental Public 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 |
Dental Public 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 Dental Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dental Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dental Public stock over time.
Current vs Lagged Prices |
| Timeline |
Dental Public Lagged Returns
When evaluating Dental Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dental Public stock have on its future price. Dental Public 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, Dental Public autocorrelation shows the relationship between Dental Public stock current value and its past values and can show if there is a momentum factor associated with investing in Dental Public.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Dental Stock
Dental Public financial ratios help investors to determine whether Dental 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 Dental with respect to the benefits of owning Dental Public security.