JAS Asset (Thailand) Market Value
| J Stock | THB 1.21 0.05 3.97% |
| Symbol | JAS |
JAS Asset '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 JAS Asset'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 JAS Asset.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in JAS Asset on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding JAS Asset PCL or generate 0.0% return on investment in JAS Asset over 570 days. JAS Asset is related to or competes with WHA Public, and LPN Development. JAS Asset Public Company Limited engages in providing rental and related services in Thailand More
JAS Asset 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 JAS Asset'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 JAS Asset PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.14 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.2 |
JAS Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JAS Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JAS Asset's standard deviation. In reality, there are many statistical measures that can use JAS Asset historical prices to predict the future JAS Asset's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 1.39 |
JAS Asset PCL Backtested Returns
JAS Asset is out of control given 3 months investment horizon. JAS Asset PCL holds Efficiency (Sharpe) Ratio of 0.11, which attests that the company had a 0.11% return per unit of volatility over the last 3 months. We have analyzed twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.01% are justified by taking the suggested risk. Use JAS Asset PCL market risk adjusted performance of 1.4, and Coefficient Of Variation of (892.63) to evaluate company specific risk that cannot be diversified away. JAS Asset holds a performance score of 8 on a scale of zero to a hundred. The firm retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JAS Asset are expected to decrease at a much lower rate. During the bear market, JAS Asset is likely to outperform the market. Use JAS Asset PCL day median price, period momentum indicator, as well as the relationship between the accumulation distribution and potential upside , to analyze future returns on JAS Asset PCL.
Auto-correlation | 0.31 |
Below average predictability
JAS Asset PCL has below average predictability. Overlapping area represents the amount of predictability between JAS Asset time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 JAS Asset PCL price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current JAS Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
JAS Asset PCL lagged returns against current returns
Autocorrelation, which is JAS Asset 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 JAS Asset's stock expected returns. We can calculate the autocorrelation of JAS Asset returns to help us make a trade decision. For example, suppose you find that JAS Asset 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 |
JAS Asset 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 JAS Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JAS Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JAS Asset stock over time.
Current vs Lagged Prices |
| Timeline |
JAS Asset Lagged Returns
When evaluating JAS Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JAS Asset stock have on its future price. JAS Asset 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, JAS Asset autocorrelation shows the relationship between JAS Asset stock current value and its past values and can show if there is a momentum factor associated with investing in JAS Asset PCL.
Regressed Prices |
| Timeline |
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JAS Asset financial ratios help investors to determine whether JAS 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 JAS with respect to the benefits of owning JAS Asset security.