Grand Canal (Thailand) Market Value
| GLAND Stock | THB 1.65 0.05 2.94% |
| Symbol | Grand |
Grand Canal '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 Grand Canal'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 Grand Canal.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Grand Canal on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Grand Canal Land or generate 0.0% return on investment in Grand Canal over 720 days. Grand Canal is related to or competes with WHA Public, and LPN Development. Grand Canal Land Public Company Limited develops real estate properties in Thailand More
Grand Canal 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 Grand Canal'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 Grand Canal Land upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.73 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.94 |
Grand Canal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grand Canal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grand Canal's standard deviation. In reality, there are many statistical measures that can use Grand Canal historical prices to predict the future Grand Canal's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grand Canal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Grand Canal Land Backtested Returns
Grand Canal is out of control given 3 months investment horizon. Grand Canal Land holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We have analyzed twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.36% are justified by taking the suggested risk. Use Grand Canal Land market risk adjusted performance of (0.48), and Risk Adjusted Performance of (0) to evaluate company specific risk that cannot be diversified away. Grand Canal holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0506, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grand Canal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grand Canal is expected to be smaller as well. Use Grand Canal Land maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to analyze future returns on Grand Canal Land.
Auto-correlation | 0.46 |
Average predictability
Grand Canal Land has average predictability. Overlapping area represents the amount of predictability between Grand Canal time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Grand Canal Land price movement. The serial correlation of 0.46 indicates that about 46.0% of current Grand Canal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Grand Canal Land lagged returns against current returns
Autocorrelation, which is Grand Canal 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 Grand Canal's stock expected returns. We can calculate the autocorrelation of Grand Canal returns to help us make a trade decision. For example, suppose you find that Grand Canal 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 |
Grand Canal 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 Grand Canal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grand Canal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grand Canal stock over time.
Current vs Lagged Prices |
| Timeline |
Grand Canal Lagged Returns
When evaluating Grand Canal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grand Canal stock have on its future price. Grand Canal 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, Grand Canal autocorrelation shows the relationship between Grand Canal stock current value and its past values and can show if there is a momentum factor associated with investing in Grand Canal Land.
Regressed Prices |
| Timeline |
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Grand Canal financial ratios help investors to determine whether Grand 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 Grand with respect to the benefits of owning Grand Canal security.