HEMARAJ INDUSTRIAL (Thailand) Market Value
| HPF Stock | THB 5.05 0.05 1.00% |
| Symbol | HEMARAJ |
HEMARAJ INDUSTRIAL '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 HEMARAJ INDUSTRIAL'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 HEMARAJ INDUSTRIAL.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in HEMARAJ INDUSTRIAL on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding HEMARAJ INDUSTRIAL PROPERTY or generate 0.0% return on investment in HEMARAJ INDUSTRIAL over 30 days. HEMARAJ INDUSTRIAL is related to or competes with Prime Office, Golden Ventures, and Impact Growth. Hemaraj Industrial Property and Leasehold Fund specializes in acquiring and leasing the property More
HEMARAJ INDUSTRIAL 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 HEMARAJ INDUSTRIAL'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 HEMARAJ INDUSTRIAL PROPERTY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8828 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.72 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.08 |
HEMARAJ INDUSTRIAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEMARAJ INDUSTRIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEMARAJ INDUSTRIAL's standard deviation. In reality, there are many statistical measures that can use HEMARAJ INDUSTRIAL historical prices to predict the future HEMARAJ INDUSTRIAL's volatility.| Risk Adjusted Performance | 0.0982 | |||
| Jensen Alpha | 0.0871 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 2.3 |
HEMARAJ INDUSTRIAL Backtested Returns
HEMARAJ INDUSTRIAL is out of control given 3 months investment horizon. HEMARAJ INDUSTRIAL holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 29.15% are justified by taking the suggested risk. Use HEMARAJ INDUSTRIAL PROPERTY Market Risk Adjusted Performance of 2.31, semi deviation of 0.3721, and Risk Adjusted Performance of 0.0982 to evaluate company specific risk that cannot be diversified away. HEMARAJ INDUSTRIAL holds a performance score of 12 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0399, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HEMARAJ INDUSTRIAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEMARAJ INDUSTRIAL is expected to be smaller as well. Use HEMARAJ INDUSTRIAL PROPERTY standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on HEMARAJ INDUSTRIAL PROPERTY.
Auto-correlation | 0.21 |
Weak predictability
HEMARAJ INDUSTRIAL PROPERTY has weak predictability. Overlapping area represents the amount of predictability between HEMARAJ INDUSTRIAL time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 HEMARAJ INDUSTRIAL price movement. The serial correlation of 0.21 indicates that over 21.0% of current HEMARAJ INDUSTRIAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HEMARAJ INDUSTRIAL lagged returns against current returns
Autocorrelation, which is HEMARAJ INDUSTRIAL 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 HEMARAJ INDUSTRIAL's stock expected returns. We can calculate the autocorrelation of HEMARAJ INDUSTRIAL returns to help us make a trade decision. For example, suppose you find that HEMARAJ INDUSTRIAL 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 |
HEMARAJ INDUSTRIAL 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 HEMARAJ INDUSTRIAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEMARAJ INDUSTRIAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEMARAJ INDUSTRIAL stock over time.
Current vs Lagged Prices |
| Timeline |
HEMARAJ INDUSTRIAL Lagged Returns
When evaluating HEMARAJ INDUSTRIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEMARAJ INDUSTRIAL stock have on its future price. HEMARAJ INDUSTRIAL 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, HEMARAJ INDUSTRIAL autocorrelation shows the relationship between HEMARAJ INDUSTRIAL stock current value and its past values and can show if there is a momentum factor associated with investing in HEMARAJ INDUSTRIAL PROPERTY.
Regressed Prices |
| Timeline |
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HEMARAJ INDUSTRIAL financial ratios help investors to determine whether HEMARAJ 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 HEMARAJ with respect to the benefits of owning HEMARAJ INDUSTRIAL security.