Inoue Rubber (Thailand) Market Value
| IRC Stock | THB 14.10 0.10 0.71% |
| Symbol | Inoue |
Inoue Rubber '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 Inoue Rubber'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 Inoue Rubber.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Inoue Rubber on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Inoue Rubber Public or generate 0.0% return on investment in Inoue Rubber over 180 days. Inoue Rubber is related to or competes with SCB X, Kasikornbank Public, PTT Public, Kasikornbank Public, Siam Commercial, PTT Public, and Bangkok Bank. Inoue Rubber Public Company Limited engages in the research, development, manufacture, and distribution of motorcycle ti... More
Inoue Rubber 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 Inoue Rubber'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 Inoue Rubber Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.841 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 1.42 |
Inoue Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inoue Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inoue Rubber's standard deviation. In reality, there are many statistical measures that can use Inoue Rubber historical prices to predict the future Inoue Rubber's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.0172 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.3895 |
Inoue Rubber Public Backtested Returns
Inoue Rubber is out of control given 3 months investment horizon. Inoue Rubber 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 thirty different technical indicators, which can help you to evaluate if expected returns of 14.12% are justified by taking the suggested risk. Use Inoue Rubber Public Risk Adjusted Performance of 0.0375, downside deviation of 0.841, and Market Risk Adjusted Performance of 0.3995 to evaluate company specific risk that cannot be diversified away. Inoue Rubber holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0641, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Inoue Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inoue Rubber is expected to be smaller as well. Use Inoue Rubber Public jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Inoue Rubber Public.
Auto-correlation | -0.07 |
Very weak reverse predictability
Inoue Rubber Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Inoue Rubber time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Inoue Rubber Public price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Inoue Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.12 |
Inoue Rubber Public lagged returns against current returns
Autocorrelation, which is Inoue Rubber 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 Inoue Rubber's stock expected returns. We can calculate the autocorrelation of Inoue Rubber returns to help us make a trade decision. For example, suppose you find that Inoue Rubber 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 |
Inoue Rubber 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 Inoue Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inoue Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inoue Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Inoue Rubber Lagged Returns
When evaluating Inoue Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inoue Rubber stock have on its future price. Inoue Rubber 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, Inoue Rubber autocorrelation shows the relationship between Inoue Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Inoue Rubber Public.
Regressed Prices |
| Timeline |
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Inoue Rubber financial ratios help investors to determine whether Inoue 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 Inoue with respect to the benefits of owning Inoue Rubber security.