East Coast (Thailand) Market Value
| ECF Stock | THB 0.41 0.02 4.65% |
| Symbol | East |
East Coast '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 East Coast'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 East Coast.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in East Coast on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding East Coast Furnitech or generate 0.0% return on investment in East Coast over 30 days. East Coast is related to or competes with G Capital, E For, Filter Vision, and Chewathai Public. East Coast Furnitech Public Company Limited manufactures and sells self-assembled furniture in Thailand More
East Coast 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 East Coast'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 East Coast Furnitech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 7.0E-4 | |||
| Maximum Drawdown | 34.72 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 5.0 |
East Coast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for East Coast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as East Coast's standard deviation. In reality, there are many statistical measures that can use East Coast historical prices to predict the future East Coast's volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | 0.0844 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.0011 | |||
| Treynor Ratio | 0.5558 |
East Coast Furnitech Backtested Returns
East Coast is out of control given 3 months investment horizon. East Coast Furnitech 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 were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 14.09% are justified by taking the suggested risk. Use East Coast Coefficient Of Variation of 4353.1, downside deviation of 3.05, and Mean Deviation of 2.53 to evaluate company specific risk that cannot be diversified away. East Coast holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, East Coast's returns are expected to increase less than the market. However, during the bear market, the loss of holding East Coast is expected to be smaller as well. Use East Coast treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on East Coast.
Auto-correlation | 0.86 |
Very good predictability
East Coast Furnitech has very good predictability. Overlapping area represents the amount of predictability between East Coast time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 East Coast Furnitech price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current East Coast price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
East Coast Furnitech lagged returns against current returns
Autocorrelation, which is East Coast 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 East Coast's stock expected returns. We can calculate the autocorrelation of East Coast returns to help us make a trade decision. For example, suppose you find that East Coast 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 |
East Coast 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 East Coast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if East Coast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in East Coast stock over time.
Current vs Lagged Prices |
| Timeline |
East Coast Lagged Returns
When evaluating East Coast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of East Coast stock have on its future price. East Coast 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, East Coast autocorrelation shows the relationship between East Coast stock current value and its past values and can show if there is a momentum factor associated with investing in East Coast Furnitech.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in East Stock
East Coast financial ratios help investors to determine whether East 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 East with respect to the benefits of owning East Coast security.