Itthirit Nice (Thailand) Market Value
| ITTHI Stock | 1.69 0.01 0.59% |
| Symbol | Itthirit |
Itthirit Nice '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 Itthirit Nice'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 Itthirit Nice.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Itthirit Nice on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Itthirit Nice Corp or generate 0.0% return on investment in Itthirit Nice over 720 days.
Itthirit Nice 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 Itthirit Nice'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 Itthirit Nice Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 12.82 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 2.7 |
Itthirit Nice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Itthirit Nice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Itthirit Nice's standard deviation. In reality, there are many statistical measures that can use Itthirit Nice historical prices to predict the future Itthirit Nice's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (1.83) |
Itthirit Nice Corp Backtested Returns
Itthirit Nice Corp holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Itthirit Nice Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Itthirit Nice's Standard Deviation of 2.15, market risk adjusted performance of (1.82), and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Itthirit Nice's returns are expected to increase less than the market. However, during the bear market, the loss of holding Itthirit Nice is expected to be smaller as well. At this point, Itthirit Nice Corp has a negative expected return of -0.42%. Please make sure to check out Itthirit Nice's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day median price , to decide if Itthirit Nice Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Itthirit Nice Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Itthirit Nice time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 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 Itthirit Nice Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Itthirit Nice price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Itthirit Nice Corp lagged returns against current returns
Autocorrelation, which is Itthirit Nice 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 Itthirit Nice's stock expected returns. We can calculate the autocorrelation of Itthirit Nice returns to help us make a trade decision. For example, suppose you find that Itthirit Nice 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 |
Itthirit Nice 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 Itthirit Nice stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Itthirit Nice stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Itthirit Nice stock over time.
Current vs Lagged Prices |
| Timeline |
Itthirit Nice Lagged Returns
When evaluating Itthirit Nice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Itthirit Nice stock have on its future price. Itthirit Nice 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, Itthirit Nice autocorrelation shows the relationship between Itthirit Nice stock current value and its past values and can show if there is a momentum factor associated with investing in Itthirit Nice Corp.
Regressed Prices |
| Timeline |
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