Heng Leasing (Thailand) Market Value
| HENG Stock | 1.17 0.03 2.50% |
| Symbol | Heng |
Heng Leasing '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 Heng Leasing'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 Heng Leasing.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Heng Leasing on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Heng Leasing Capital or generate 0.0% return on investment in Heng Leasing over 180 days. Heng Leasing is related to or competes with Bangkok Commercial, Siam Global, Dohome Public, and JMT Network. More
Heng Leasing 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 Heng Leasing'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 Heng Leasing Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.44 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 8.33 |
Heng Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heng Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heng Leasing's standard deviation. In reality, there are many statistical measures that can use Heng Leasing historical prices to predict the future Heng Leasing's volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | 0.1415 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.07) |
Heng Leasing Capital Backtested Returns
Heng Leasing Capital holds Efficiency (Sharpe) Ratio of -0.0217, which attests that the entity had a -0.0217% return per unit of risk over the last 3 months. Heng Leasing Capital exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heng Leasing's Risk Adjusted Performance of 0.0199, downside deviation of 2.99, and Market Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Heng Leasing are expected to decrease at a much lower rate. During the bear market, Heng Leasing is likely to outperform the market. At this point, Heng Leasing Capital has a negative expected return of -0.0843%. Please make sure to check out Heng Leasing's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Heng Leasing Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Heng Leasing Capital has poor reverse predictability. Overlapping area represents the amount of predictability between Heng Leasing time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 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 Heng Leasing Capital price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Heng Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Heng Leasing Capital lagged returns against current returns
Autocorrelation, which is Heng Leasing 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 Heng Leasing's stock expected returns. We can calculate the autocorrelation of Heng Leasing returns to help us make a trade decision. For example, suppose you find that Heng Leasing 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 |
Heng Leasing 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 Heng Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heng Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heng Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Heng Leasing Lagged Returns
When evaluating Heng Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heng Leasing stock have on its future price. Heng Leasing 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, Heng Leasing autocorrelation shows the relationship between Heng Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Heng Leasing Capital.
Regressed Prices |
| Timeline |
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Heng Leasing financial ratios help investors to determine whether Heng 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 Heng with respect to the benefits of owning Heng Leasing security.