Eastern Polymer (Thailand) Market Value
| EPG Stock | THB 4.12 0.06 1.48% |
| Symbol | Eastern |
Eastern Polymer '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 Polymer'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 Polymer.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Eastern Polymer on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Polymer Group or generate 0.0% return on investment in Eastern Polymer over 90 days. Eastern Polymer is related to or competes with AP Public, CK Power, Gunkul Engineering, Indorama Ventures, and IRPC Public. Eastern Polymer Group Public Company Limited, through its subsidiaries, engages in the rubber insulation, automotive and... More
Eastern Polymer 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 Polymer'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 Polymer Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 18.1 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.79 |
Eastern Polymer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Polymer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Polymer's standard deviation. In reality, there are many statistical measures that can use Eastern Polymer historical prices to predict the future Eastern Polymer's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 2.78 |
Eastern Polymer Group Backtested Returns
Eastern Polymer Group secures Sharpe Ratio (or Efficiency) of -0.0713, which denotes the company had a -0.0713% return per unit of risk over the last 3 months. Eastern Polymer Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eastern Polymer's Variance of 6.76, standard deviation of 2.6, and Mean Deviation of 1.82 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0702, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eastern Polymer are expected to decrease at a much lower rate. During the bear market, Eastern Polymer is likely to outperform the market. At this point, Eastern Polymer Group has a negative expected return of -0.19%. Please make sure to confirm Eastern Polymer's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Eastern Polymer Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Eastern Polymer Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eastern Polymer time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Eastern Polymer Group price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Eastern Polymer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Eastern Polymer Group lagged returns against current returns
Autocorrelation, which is Eastern Polymer 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 Polymer's stock expected returns. We can calculate the autocorrelation of Eastern Polymer returns to help us make a trade decision. For example, suppose you find that Eastern Polymer 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 Polymer 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 Polymer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Polymer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Polymer stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Polymer Lagged Returns
When evaluating Eastern Polymer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Polymer stock have on its future price. Eastern Polymer 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 Polymer autocorrelation shows the relationship between Eastern Polymer stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Polymer Group.
Regressed Prices |
| Timeline |
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Eastern Polymer 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 Polymer security.