Esso (Thailand) (Germany) Market Value
| JAV2 Stock | EUR 0.20 0.01 5.26% |
| Symbol | Esso |
Esso (Thailand) '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 Esso (Thailand)'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 Esso (Thailand).
| 10/27/2023 |
| 12/20/2024 |
If you would invest 0.00 in Esso (Thailand) on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Esso Public or generate 0.0% return on investment in Esso (Thailand) over 420 days. Esso (Thailand) is related to or competes with Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, Vanguard Funds, and Meli Hotels. Esso Public Company Limited refines and markets petroleum products in Thailand and internationally More
Esso (Thailand) 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 Esso (Thailand)'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 Esso Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.99 | |||
| Information Ratio | 0.0303 | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.56 |
Esso (Thailand) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Esso (Thailand)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Esso (Thailand)'s standard deviation. In reality, there are many statistical measures that can use Esso (Thailand) historical prices to predict the future Esso (Thailand)'s volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.1121 | |||
| Total Risk Alpha | 0.0307 | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 0.1436 |
Esso (Thailand) Backtested Returns
Esso (Thailand) secures Sharpe Ratio (or Efficiency) of -0.0037, which denotes the company had a -0.0037% return per unit of risk over the last 3 months. Esso Public exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Esso (Thailand)'s Coefficient Of Variation of 2552.36, downside deviation of 4.99, and Mean Deviation of 2.55 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.92, which means possible diversification benefits within a given portfolio. Esso (Thailand) returns are very sensitive to returns on the market. As the market goes up or down, Esso (Thailand) is expected to follow. At this point, Esso (Thailand) has a negative expected return of -0.0131%. Please make sure to confirm Esso (Thailand)'s treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Esso (Thailand) performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Esso Public has below average predictability. Overlapping area represents the amount of predictability between Esso (Thailand) time series from 27th of October 2023 to 24th of May 2024 and 24th of May 2024 to 20th 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 Esso (Thailand) price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Esso (Thailand) price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Esso (Thailand) lagged returns against current returns
Autocorrelation, which is Esso (Thailand) 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 Esso (Thailand)'s stock expected returns. We can calculate the autocorrelation of Esso (Thailand) returns to help us make a trade decision. For example, suppose you find that Esso (Thailand) 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 |
Esso (Thailand) 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 Esso (Thailand) stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Esso (Thailand) stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Esso (Thailand) stock over time.
Current vs Lagged Prices |
| Timeline |
Esso (Thailand) Lagged Returns
When evaluating Esso (Thailand)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Esso (Thailand) stock have on its future price. Esso (Thailand) 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, Esso (Thailand) autocorrelation shows the relationship between Esso (Thailand) stock current value and its past values and can show if there is a momentum factor associated with investing in Esso Public.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Esso Stock
Esso (Thailand) financial ratios help investors to determine whether Esso 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 Esso with respect to the benefits of owning Esso (Thailand) security.