Ichitan Group (Thailand) Market Value
| ICHI-R Stock | THB 14.40 0.54 3.90% |
| Symbol | Ichitan |
Ichitan Group '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 Ichitan Group'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 Ichitan Group.
| 10/25/2023 |
| 12/18/2024 |
If you would invest 0.00 in Ichitan Group on October 25, 2023 and sell it all today you would earn a total of 0.00 from holding Ichitan Group Public or generate 0.0% return on investment in Ichitan Group over 420 days. Ichitan Group is related to or competes with Ichitan Group, Siam Commercial, Rojana Industrial, and WHA Utilities. Ichitan Group Public Company Limited manufactures and sells beverages in Thailand. More
Ichitan Group 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 Ichitan Group'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 Ichitan Group Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.52 |
Ichitan Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ichitan Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ichitan Group's standard deviation. In reality, there are many statistical measures that can use Ichitan Group historical prices to predict the future Ichitan Group's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.056 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.75) |
Ichitan Group Public Backtested Returns
Ichitan Group is out of control given 3 months investment horizon. Ichitan Group Public holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 14.82% are justified by taking the suggested risk. Use Ichitan Group Public Market Risk Adjusted Performance of (0.74), standard deviation of 0.9127, and Risk Adjusted Performance of 0.0513 to evaluate company specific risk that cannot be diversified away. Ichitan Group holds a performance score of 9 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.0695, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ichitan Group are expected to decrease at a much lower rate. During the bear market, Ichitan Group is likely to outperform the market. Use Ichitan Group Public standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to analyze future returns on Ichitan Group Public.
Auto-correlation | 0.01 |
Virtually no predictability
Ichitan Group Public has virtually no predictability. Overlapping area represents the amount of predictability between Ichitan Group time series from 25th of October 2023 to 22nd of May 2024 and 22nd of May 2024 to 18th 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 Ichitan Group Public price movement. The serial correlation of 0.01 indicates that just 1.0% of current Ichitan Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
Ichitan Group Public lagged returns against current returns
Autocorrelation, which is Ichitan Group 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 Ichitan Group's stock expected returns. We can calculate the autocorrelation of Ichitan Group returns to help us make a trade decision. For example, suppose you find that Ichitan Group 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 |
Ichitan Group 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 Ichitan Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ichitan Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ichitan Group stock over time.
Current vs Lagged Prices |
| Timeline |
Ichitan Group Lagged Returns
When evaluating Ichitan Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ichitan Group stock have on its future price. Ichitan Group 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, Ichitan Group autocorrelation shows the relationship between Ichitan Group stock current value and its past values and can show if there is a momentum factor associated with investing in Ichitan Group Public.
Regressed Prices |
| Timeline |
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Ichitan Group financial ratios help investors to determine whether Ichitan 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 Ichitan with respect to the benefits of owning Ichitan Group security.