Eastern Star (Thailand) Market Value
| ESTAR Stock | THB 0.23 0.01 4.55% |
| Symbol | Eastern |
Eastern Star '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 Star'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 Star.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Eastern Star on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Star Real or generate 0.0% return on investment in Eastern Star over 90 days. Eastern Star is related to or competes with Bangkok Land, Everland Public, Amata Public, Chonburi Concrete, and Country Group. Eastern Star Real Estate Public Company Limited, together with its subsidiaries, engages in the property development bus... More
Eastern Star 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 Star'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 Star Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.0176 | |||
| Maximum Drawdown | 12.86 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.55 |
Eastern Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Star's standard deviation. In reality, there are many statistical measures that can use Eastern Star historical prices to predict the future Eastern Star's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | 0.2054 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0105 | |||
| Treynor Ratio | (0.48) |
Eastern Star Real Backtested Returns
Eastern Star is out of control given 3 months investment horizon. Eastern Star Real 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 twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.54% are justified by taking the suggested risk. Use Eastern Star Downside Deviation of 4.38, mean deviation of 1.55, and Coefficient Of Variation of 1496.07 to evaluate company specific risk that cannot be diversified away. Eastern Star holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eastern Star are expected to decrease at a much lower rate. During the bear market, Eastern Star is likely to outperform the market. Use Eastern Star value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on Eastern Star.
Auto-correlation | -0.28 |
Weak reverse predictability
Eastern Star Real has weak reverse predictability. Overlapping area represents the amount of predictability between Eastern Star time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Eastern Star Real price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Eastern Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eastern Star Real lagged returns against current returns
Autocorrelation, which is Eastern Star 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 Star's stock expected returns. We can calculate the autocorrelation of Eastern Star returns to help us make a trade decision. For example, suppose you find that Eastern Star 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 Star 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 Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Star stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Star Lagged Returns
When evaluating Eastern Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Star stock have on its future price. Eastern Star 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 Star autocorrelation shows the relationship between Eastern Star stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Star Real.
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 ArchitectOther Information on Investing in Eastern Stock
Eastern Star 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 Star security.