Hydrotek Public (Thailand) Market Value
| HYDRO Stock | THB 0.16 0.02 11.11% |
| Symbol | Hydrotek |
Hydrotek 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 Hydrotek 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 Hydrotek Public.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Hydrotek Public on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hydrotek Public or generate 0.0% return on investment in Hydrotek Public over 30 days. Hydrotek Public is related to or competes with Power Solution, Kingsmen CMTI, and Panjawattana Plastic. Hydrotek Public Company Limited, together with its subsidiaries, engages in the investment in, construction, and managem... More
Hydrotek 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 Hydrotek 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 Hydrotek Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 46.97 | |||
| Value At Risk | (12.00) | |||
| Potential Upside | 13.33 |
Hydrotek Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hydrotek Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hydrotek Public's standard deviation. In reality, there are many statistical measures that can use Hydrotek Public historical prices to predict the future Hydrotek Public's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (2.06) | |||
| Treynor Ratio | 0.4888 |
Hydrotek Public Backtested Returns
Hydrotek Public holds Efficiency (Sharpe) Ratio of -0.0786, which attests that the entity had a -0.0786% return per unit of risk over the last 3 months. Hydrotek Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hydrotek Public's Market Risk Adjusted Performance of 0.4988, risk adjusted performance of (0.06), and Standard Deviation of 8.66 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.56, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hydrotek Public are expected to decrease by larger amounts. On the other hand, during market turmoil, Hydrotek Public is expected to outperform it. At this point, Hydrotek Public has a negative expected return of -0.69%. Please make sure to check out Hydrotek Public's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Hydrotek Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Hydrotek Public has excellent reverse predictability. Overlapping area represents the amount of predictability between Hydrotek Public 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 Hydrotek Public price movement. The serial correlation of -0.85 indicates that around 85.0% of current Hydrotek Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hydrotek Public lagged returns against current returns
Autocorrelation, which is Hydrotek 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 Hydrotek Public's stock expected returns. We can calculate the autocorrelation of Hydrotek Public returns to help us make a trade decision. For example, suppose you find that Hydrotek 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 |
Hydrotek 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 Hydrotek Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hydrotek Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hydrotek Public stock over time.
Current vs Lagged Prices |
| Timeline |
Hydrotek Public Lagged Returns
When evaluating Hydrotek Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hydrotek Public stock have on its future price. Hydrotek 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, Hydrotek Public autocorrelation shows the relationship between Hydrotek Public stock current value and its past values and can show if there is a momentum factor associated with investing in Hydrotek Public.
Regressed Prices |
| Timeline |
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Hydrotek Public financial ratios help investors to determine whether Hydrotek 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 Hydrotek with respect to the benefits of owning Hydrotek Public security.