Forth Public (Thailand) Market Value
| FORTH Stock | THB 11.90 0.20 1.65% |
| Symbol | Forth |
Forth 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 Forth 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 Forth Public.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Forth Public on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Forth Public or generate 0.0% return on investment in Forth Public over 30 days. Forth Public is related to or competes with Information, Halcyon Technology, Siam Technic, WHA Industrial, and Central Retail. Forth Corporation Public Company Limited, together with its subsidiaries, manufactures and distributes telecommunication... More
Forth 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 Forth 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 Forth Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0443 | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 8.46 |
Forth Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forth Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forth Public's standard deviation. In reality, there are many statistical measures that can use Forth Public historical prices to predict the future Forth Public's volatility.| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.3438 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0627 | |||
| Treynor Ratio | (0.29) |
Forth Public Backtested Returns
At this point, Forth Public is somewhat reliable. Forth Public secures Sharpe Ratio (or Efficiency) of 0.0382, which denotes the company had a 0.0382% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Forth Public, which you can use to evaluate the volatility of the firm. Please confirm Forth Public's Mean Deviation of 2.59, downside deviation of 2.51, and Coefficient Of Variation of 1332.64 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Forth Public has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.87, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Forth Public are expected to decrease slowly. On the other hand, during market turmoil, Forth Public is expected to outperform it slightly. Forth Public right now shows a risk of 3.51%. Please confirm Forth Public value at risk, as well as the relationship between the skewness and day median price , to decide if Forth Public will be following its price patterns.
Auto-correlation | 0.61 |
Good predictability
Forth Public has good predictability. Overlapping area represents the amount of predictability between Forth Public time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Forth Public price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Forth Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Forth Public lagged returns against current returns
Autocorrelation, which is Forth 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 Forth Public's stock expected returns. We can calculate the autocorrelation of Forth Public returns to help us make a trade decision. For example, suppose you find that Forth 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 |
Forth 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 Forth Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forth Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forth Public stock over time.
Current vs Lagged Prices |
| Timeline |
Forth Public Lagged Returns
When evaluating Forth Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forth Public stock have on its future price. Forth 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, Forth Public autocorrelation shows the relationship between Forth Public stock current value and its past values and can show if there is a momentum factor associated with investing in Forth Public.
Regressed Prices |
| Timeline |
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Forth Public financial ratios help investors to determine whether Forth 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 Forth with respect to the benefits of owning Forth Public security.