Jasmine International (Thailand) Market Value
| JAS Stock | THB 2.32 0.04 1.69% |
| Symbol | Jasmine |
Jasmine International '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 Jasmine International'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 Jasmine International.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Jasmine International on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Jasmine International Public or generate 0.0% return on investment in Jasmine International over 30 days. Jasmine International is related to or competes with Indara Insurance, Regional Container, Regional Container, Mahachai Hospital, Muramoto Electron, Siam Cement, and Siam Cement. Jasmine International Public Company Limited provides telecommunications services to individual and corporate clients in... More
Jasmine International 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 Jasmine International'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 Jasmine International Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.87 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 5.31 |
Jasmine International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jasmine International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jasmine International's standard deviation. In reality, there are many statistical measures that can use Jasmine International historical prices to predict the future Jasmine International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.2775 |
Jasmine International Backtested Returns
Jasmine International holds Efficiency (Sharpe) Ratio of -0.0463, which attests that the entity had a -0.0463% return per unit of risk over the last 3 months. Jasmine International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jasmine International's Risk Adjusted Performance of (0.02), market risk adjusted performance of 0.2875, and Standard Deviation of 3.07 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jasmine International are expected to decrease at a much lower rate. During the bear market, Jasmine International is likely to outperform the market. At this point, Jasmine International has a negative expected return of -0.14%. Please make sure to check out Jasmine International's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Jasmine International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Jasmine International Public has good reverse predictability. Overlapping area represents the amount of predictability between Jasmine International time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Jasmine International price movement. The serial correlation of -0.51 indicates that about 51.0% of current Jasmine International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jasmine International lagged returns against current returns
Autocorrelation, which is Jasmine International 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 Jasmine International's stock expected returns. We can calculate the autocorrelation of Jasmine International returns to help us make a trade decision. For example, suppose you find that Jasmine International 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 |
Jasmine International 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 Jasmine International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jasmine International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jasmine International stock over time.
Current vs Lagged Prices |
| Timeline |
Jasmine International Lagged Returns
When evaluating Jasmine International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jasmine International stock have on its future price. Jasmine International 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, Jasmine International autocorrelation shows the relationship between Jasmine International stock current value and its past values and can show if there is a momentum factor associated with investing in Jasmine International Public.
Regressed Prices |
| Timeline |
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Jasmine International financial ratios help investors to determine whether Jasmine 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 Jasmine with respect to the benefits of owning Jasmine International security.