Interhides Public (Thailand) Market Value
| IHL Stock | THB 1.79 0.01 0.56% |
| Symbol | Interhides |
Interhides 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 Interhides 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 Interhides Public.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Interhides Public on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Interhides Public or generate 0.0% return on investment in Interhides Public over 30 days. Interhides Public is related to or competes with Hwa Fong, AAPICO Hitech, Ichitan Group, Hana Microelectronics, and Inoue Rubber. Interhides Public Company Limited manufactures and distributes leather coverings for car seats and other related product... More
Interhides 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 Interhides 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 Interhides Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 9.36 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 1.9 |
Interhides Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Interhides Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Interhides Public's standard deviation. In reality, there are many statistical measures that can use Interhides Public historical prices to predict the future Interhides Public's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 4.96 |
Interhides Public Backtested Returns
Interhides Public is out of control given 3 months investment horizon. Interhides Public 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 were able to break down and interpolate twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.03% are justified by taking the suggested risk. Use Interhides Public Risk Adjusted Performance of (0.12), market risk adjusted performance of 4.97, and Standard Deviation of 1.59 to evaluate company specific risk that cannot be diversified away. Interhides Public holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.0528, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Interhides Public are expected to decrease at a much lower rate. During the bear market, Interhides Public is likely to outperform the market. Use Interhides Public skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to analyze future returns on Interhides Public.
Auto-correlation | 0.49 |
Average predictability
Interhides Public has average predictability. Overlapping area represents the amount of predictability between Interhides Public time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Interhides Public price movement. The serial correlation of 0.49 indicates that about 49.0% of current Interhides Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Interhides Public lagged returns against current returns
Autocorrelation, which is Interhides 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 Interhides Public's stock expected returns. We can calculate the autocorrelation of Interhides Public returns to help us make a trade decision. For example, suppose you find that Interhides 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 |
Interhides 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 Interhides Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Interhides Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Interhides Public stock over time.
Current vs Lagged Prices |
| Timeline |
Interhides Public Lagged Returns
When evaluating Interhides Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Interhides Public stock have on its future price. Interhides 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, Interhides Public autocorrelation shows the relationship between Interhides Public stock current value and its past values and can show if there is a momentum factor associated with investing in Interhides Public.
Regressed Prices |
| Timeline |
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Interhides Public financial ratios help investors to determine whether Interhides 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 Interhides with respect to the benefits of owning Interhides Public security.