Dexon Technology (Thailand) Market Value
| DEXON Stock | 1.56 0.01 0.65% |
| Symbol | Dexon |
Dexon Technology '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 Dexon Technology'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 Dexon Technology.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Dexon Technology on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Dexon Technology PCL or generate 0.0% return on investment in Dexon Technology over 30 days.
Dexon Technology 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 Dexon Technology'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 Dexon Technology PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.76 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.35 |
Dexon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dexon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dexon Technology's standard deviation. In reality, there are many statistical measures that can use Dexon Technology historical prices to predict the future Dexon Technology's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 1.11 |
Dexon Technology PCL Backtested Returns
Dexon Technology PCL secures Sharpe Ratio (or Efficiency) of -0.0216, which denotes the company had a -0.0216% return per unit of risk over the last 3 months. Dexon Technology PCL exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dexon Technology's Standard Deviation of 1.93, variance of 3.74, and Mean Deviation of 1.28 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.061, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dexon Technology are expected to decrease at a much lower rate. During the bear market, Dexon Technology is likely to outperform the market. At this point, Dexon Technology PCL has a negative expected return of -0.0423%. Please make sure to confirm Dexon Technology's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Dexon Technology PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Dexon Technology PCL has modest reverse predictability. Overlapping area represents the amount of predictability between Dexon Technology time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Dexon Technology PCL price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Dexon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dexon Technology PCL lagged returns against current returns
Autocorrelation, which is Dexon Technology 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 Dexon Technology's stock expected returns. We can calculate the autocorrelation of Dexon Technology returns to help us make a trade decision. For example, suppose you find that Dexon Technology 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 |
Dexon Technology 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 Dexon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dexon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dexon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Dexon Technology Lagged Returns
When evaluating Dexon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dexon Technology stock have on its future price. Dexon Technology 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, Dexon Technology autocorrelation shows the relationship between Dexon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Dexon Technology PCL.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio Architect