GULF ENERGY (Thailand) Market Value
| GULF-R Stock | THB 60.50 1.50 2.42% |
| Symbol | GULF |
GULF ENERGY '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 GULF ENERGY'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 GULF ENERGY.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in GULF ENERGY on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding GULF ENERGY DEVELOPMENT NVDR or generate 0.0% return on investment in GULF ENERGY over 30 days. GULF ENERGY is related to or competes with Thai Oil, Electricity Generating, and Ratch Group. Gulf Energy Development Public Company Limited generates and sells electricity, steam, and cold water to public and priv... More
GULF ENERGY 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 GULF ENERGY'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 GULF ENERGY DEVELOPMENT NVDR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0764 |
GULF ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GULF ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GULF ENERGY's standard deviation. In reality, there are many statistical measures that can use GULF ENERGY historical prices to predict the future GULF ENERGY's volatility.| Risk Adjusted Performance | 0.0942 | |||
| Jensen Alpha | 0.4639 | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.10) |
GULF ENERGY DEVELOPMENT Backtested Returns
GULF ENERGY appears to be very steady, given 3 months investment horizon. GULF ENERGY DEVELOPMENT holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty technical indicators for GULF ENERGY DEVELOPMENT, which you can use to evaluate the volatility of the firm. Please utilize GULF ENERGY's Market Risk Adjusted Performance of (1.09), risk adjusted performance of 0.0942, and Coefficient Of Variation of 886.17 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GULF ENERGY holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GULF ENERGY are expected to decrease at a much lower rate. During the bear market, GULF ENERGY is likely to outperform the market. Please check GULF ENERGY's variance, jensen alpha, kurtosis, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether GULF ENERGY's current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
GULF ENERGY DEVELOPMENT NVDR has no correlation between past and present. Overlapping area represents the amount of predictability between GULF ENERGY time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 GULF ENERGY DEVELOPMENT price movement. The serial correlation of 0.0 indicates that just 0.0% of current GULF ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 36.29 |
GULF ENERGY DEVELOPMENT lagged returns against current returns
Autocorrelation, which is GULF ENERGY 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 GULF ENERGY's stock expected returns. We can calculate the autocorrelation of GULF ENERGY returns to help us make a trade decision. For example, suppose you find that GULF ENERGY 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 |
GULF ENERGY 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 GULF ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GULF ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GULF ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
GULF ENERGY Lagged Returns
When evaluating GULF ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GULF ENERGY stock have on its future price. GULF ENERGY 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, GULF ENERGY autocorrelation shows the relationship between GULF ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in GULF ENERGY DEVELOPMENT NVDR.
Regressed Prices |
| Timeline |
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GULF ENERGY financial ratios help investors to determine whether GULF 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 GULF with respect to the benefits of owning GULF ENERGY security.