Finansa Public (Thailand) Market Value
| FNS Stock | THB 2.10 0.02 0.94% |
| Symbol | Finansa |
Finansa Public '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 Finansa Public'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 Finansa Public.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Finansa Public on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Finansa Public or generate 0.0% return on investment in Finansa Public over 30 days. Finansa Public is related to or competes with TISCO Financial, and SCB X. Finansa Public Company Limited, together with its subsidiaries, engages in the investment, advisory, management, securit... More
Finansa Public 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 Finansa Public'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 Finansa Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.69 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 1.74 |
Finansa Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finansa Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Finansa Public's standard deviation. In reality, there are many statistical measures that can use Finansa Public historical prices to predict the future Finansa Public's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.8697 |
Finansa Public Backtested Returns
Finansa Public is out of control given 3 months investment horizon. Finansa Public 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 are able to interpolate and collect twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.89% are justified by taking the suggested risk. Use Finansa Public Standard Deviation of 1.62, mean deviation of 1.09, and Variance of 2.62 to evaluate company specific risk that cannot be diversified away. Finansa Public holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Finansa Public are expected to decrease at a much lower rate. During the bear market, Finansa Public is likely to outperform the market. Use Finansa Public maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Finansa Public.
Auto-correlation | 0.80 |
Very good predictability
Finansa Public has very good predictability. Overlapping area represents the amount of predictability between Finansa Public time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Finansa Public price movement. The serial correlation of 0.8 indicates that around 80.0% of current Finansa Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Finansa Public lagged returns against current returns
Autocorrelation, which is Finansa Public 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 Finansa Public's stock expected returns. We can calculate the autocorrelation of Finansa Public returns to help us make a trade decision. For example, suppose you find that Finansa Public 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 |
Finansa Public 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 Finansa Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Finansa Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Finansa Public stock over time.
Current vs Lagged Prices |
| Timeline |
Finansa Public Lagged Returns
When evaluating Finansa Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Finansa Public stock have on its future price. Finansa Public 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, Finansa Public autocorrelation shows the relationship between Finansa Public stock current value and its past values and can show if there is a momentum factor associated with investing in Finansa Public.
Regressed Prices |
| Timeline |
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Finansa Public financial ratios help investors to determine whether Finansa 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 Finansa with respect to the benefits of owning Finansa Public security.