Eastern Power (Thailand) Market Value
| EP Stock | THB 1.49 0.01 0.68% |
| Symbol | Eastern |
Eastern Power '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 Eastern Power'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 Eastern Power.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Eastern Power on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Power Group or generate 0.0% return on investment in Eastern Power over 30 days. Eastern Power is related to or competes with BCPG Public, Diamond Building, Earth Tech, TPI Polene, and Energy Absolute. Eastern Power Group Public Company Limited engages in the solar power generation business More
Eastern Power 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 Eastern Power'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 Eastern Power Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 12.86 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 1.8 |
Eastern Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Power's standard deviation. In reality, there are many statistical measures that can use Eastern Power historical prices to predict the future Eastern Power's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (1.75) |
Eastern Power Group Backtested Returns
Eastern Power Group secures Sharpe Ratio (or Efficiency) of -0.23, which denotes the company had a -0.23% return per unit of risk over the last 3 months. Eastern Power Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eastern Power's Mean Deviation of 1.16, standard deviation of 1.87, and Variance of 3.5 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Eastern Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern Power is expected to be smaller as well. At this point, Eastern Power Group has a negative expected return of -0.44%. Please make sure to confirm Eastern Power's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Eastern Power Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Eastern Power Group has weak reverse predictability. Overlapping area represents the amount of predictability between Eastern Power time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eastern Power Group price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Eastern Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Eastern Power Group lagged returns against current returns
Autocorrelation, which is Eastern Power 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 Eastern Power's stock expected returns. We can calculate the autocorrelation of Eastern Power returns to help us make a trade decision. For example, suppose you find that Eastern Power 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 |
Eastern Power 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 Eastern Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Power stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Power Lagged Returns
When evaluating Eastern Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Power stock have on its future price. Eastern Power 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, Eastern Power autocorrelation shows the relationship between Eastern Power stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Power Group.
Regressed Prices |
| Timeline |
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Eastern Power financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Power security.