Fine Metal (Thailand) Market Value
| FMT Stock | THB 33.50 1.00 3.08% |
| Symbol | Fine |
Fine Metal '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 Fine Metal'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 Fine Metal.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Fine Metal on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fine Metal Technologies or generate 0.0% return on investment in Fine Metal over 270 days. Fine Metal is related to or competes with GFPT Public, Chumporn Palm, Haad Thip, and Hwa Fong. Fine Metal Technologies Public Company Limited engages in the manufacturing and distributing of seamless copper tubes in... More
Fine Metal 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 Fine Metal'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 Fine Metal Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.59 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.22 |
Fine Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fine Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fine Metal's standard deviation. In reality, there are many statistical measures that can use Fine Metal historical prices to predict the future Fine Metal's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.6363 |
Fine Metal Technologies Backtested Returns
Fine Metal is out of control given 3 months investment horizon. Fine Metal Technologies 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 interpolate and analyze data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.28% are justified by taking the suggested risk. Use Fine Metal Standard Deviation of 1.43, mean deviation of 0.7556, and Variance of 2.03 to evaluate company specific risk that cannot be diversified away. Fine Metal holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0872, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fine Metal are expected to decrease at a much lower rate. During the bear market, Fine Metal is likely to outperform the market. Use Fine Metal maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Fine Metal.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Fine Metal Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fine Metal time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Fine Metal Technologies price movement. The serial correlation of -0.16 indicates that over 16.0% of current Fine Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 13.62 |
Fine Metal Technologies lagged returns against current returns
Autocorrelation, which is Fine Metal 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 Fine Metal's stock expected returns. We can calculate the autocorrelation of Fine Metal returns to help us make a trade decision. For example, suppose you find that Fine Metal 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 |
Fine Metal 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 Fine Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fine Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fine Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Fine Metal Lagged Returns
When evaluating Fine Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fine Metal stock have on its future price. Fine Metal 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, Fine Metal autocorrelation shows the relationship between Fine Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Fine Metal Technologies.
Regressed Prices |
| Timeline |
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Fine Metal financial ratios help investors to determine whether Fine 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 Fine with respect to the benefits of owning Fine Metal security.