Indara Insurance (Thailand) Market Value
| INSURE Stock | THB 80.00 2.00 2.44% |
| Symbol | Indara |
Indara Insurance '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 Indara Insurance'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 Indara Insurance.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Indara Insurance on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Indara Insurance Public or generate 0.0% return on investment in Indara Insurance over 30 days. Indara Insurance is related to or competes with Thai Energy, Royal Orchid, Grand Canal, PRG Public, Unique Mining, Thai Group, and Nfc PLC. Indara Insurance Public Company Limited primarily provides non-life insurance services in Thailand More
Indara Insurance 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 Indara Insurance'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 Indara Insurance Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.0 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 2.86 |
Indara Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indara Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indara Insurance's standard deviation. In reality, there are many statistical measures that can use Indara Insurance historical prices to predict the future Indara Insurance's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.77) |
Indara Insurance Public Backtested Returns
Indara Insurance is out of control given 3 months investment horizon. Indara Insurance 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 are able to interpolate and collect twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.25% are justified by taking the suggested risk. Use Indara Insurance Public insignificant Risk Adjusted Performance, standard deviation of 2.76, and Market Risk Adjusted Performance of (0.76) to evaluate company specific risk that cannot be diversified away. Indara Insurance holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.053, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indara Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indara Insurance is expected to be smaller as well. Use Indara Insurance Public maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Indara Insurance Public.
Auto-correlation | 0.34 |
Below average predictability
Indara Insurance Public has below average predictability. Overlapping area represents the amount of predictability between Indara Insurance time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Indara Insurance Public price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Indara Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
Indara Insurance Public lagged returns against current returns
Autocorrelation, which is Indara Insurance 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 Indara Insurance's stock expected returns. We can calculate the autocorrelation of Indara Insurance returns to help us make a trade decision. For example, suppose you find that Indara Insurance 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 |
Indara Insurance 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 Indara Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indara Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indara Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Indara Insurance Lagged Returns
When evaluating Indara Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indara Insurance stock have on its future price. Indara Insurance 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, Indara Insurance autocorrelation shows the relationship between Indara Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Indara Insurance Public.
Regressed Prices |
| Timeline |
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Indara Insurance financial ratios help investors to determine whether Indara 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 Indara with respect to the benefits of owning Indara Insurance security.