IT City (Thailand) Market Value
| IT Stock | 4.42 0.20 4.33% |
| Symbol | IT City |
IT City '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 IT City'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 IT City.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in IT City on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding IT City Public or generate 0.0% return on investment in IT City over 30 days. IT City is related to or competes with Internet Thailand, Jasmine International, Hana Microelectronics, Italian Thai, and Cal Comp. More
IT City 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 IT City'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 IT City Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.26 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 7.44 |
IT City Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IT City's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IT City's standard deviation. In reality, there are many statistical measures that can use IT City historical prices to predict the future IT City's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 0.5535 |
IT City Public Backtested Returns
IT City is out of control given 3 months investment horizon. IT City Public retains Efficiency (Sharpe Ratio) of 0.11, which attests that the entity had a 0.11% return per unit of price deviation over the last 3 months. We have analyzed twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.91% are justified by taking the suggested risk. Use IT City Public Information Ratio of (0.10), coefficient of variation of (1,767), and Market Risk Adjusted Performance of 0.5635 to evaluate company specific risk that cannot be diversified away. IT City holds a performance score of 8 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IT City are expected to decrease at a much lower rate. During the bear market, IT City is likely to outperform the market. Use IT City Public potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to analyze future returns on IT City Public.
Auto-correlation | -0.18 |
Insignificant reverse predictability
IT City Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between IT City 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 IT City Public price movement. The serial correlation of -0.18 indicates that over 18.0% of current IT City price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
IT City Public lagged returns against current returns
Autocorrelation, which is IT City 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 IT City's stock expected returns. We can calculate the autocorrelation of IT City returns to help us make a trade decision. For example, suppose you find that IT City 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 |
IT City 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 IT City stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IT City stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IT City stock over time.
Current vs Lagged Prices |
| Timeline |
IT City Lagged Returns
When evaluating IT City's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IT City stock have on its future price. IT City 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, IT City autocorrelation shows the relationship between IT City stock current value and its past values and can show if there is a momentum factor associated with investing in IT City Public.
Regressed Prices |
| Timeline |
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IT City financial ratios help investors to determine whether IT City 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 IT City with respect to the benefits of owning IT City security.