JRW Utility (Thailand) Market Value
| JR Stock | THB 2.98 0.06 1.97% |
| Symbol | JRW |
JRW Utility '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 JRW Utility'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 JRW Utility.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in JRW Utility on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding JRW Utility Public or generate 0.0% return on investment in JRW Utility over 180 days. JRW Utility is related to or competes with Kiattana Transport, JKN Global, Asian Insulators, JCK International, and Absolute Clean. Utility Public Company Limited engages in the design, procurement, construction, and installation of electrical power an... More
JRW Utility 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 JRW Utility'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 JRW Utility Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 9.36 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.32 |
JRW Utility Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JRW Utility's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JRW Utility's standard deviation. In reality, there are many statistical measures that can use JRW Utility historical prices to predict the future JRW Utility's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.19) |
JRW Utility Public Backtested Returns
JRW Utility Public holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of standard deviation over the last 3 months. JRW Utility Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JRW Utility's risk adjusted performance of (0.11), and Market Risk Adjusted Performance of (1.18) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JRW Utility's returns are expected to increase less than the market. However, during the bear market, the loss of holding JRW Utility is expected to be smaller as well. At this point, JRW Utility Public has a negative expected return of -0.25%. Please make sure to check out JRW Utility's kurtosis, as well as the relationship between the rate of daily change and price action indicator , to decide if JRW Utility Public performance from the past will be repeated at some future point.
Auto-correlation | 0.87 |
Very good predictability
JRW Utility Public has very good predictability. Overlapping area represents the amount of predictability between JRW Utility time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 JRW Utility Public price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current JRW Utility price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
JRW Utility Public lagged returns against current returns
Autocorrelation, which is JRW Utility 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 JRW Utility's stock expected returns. We can calculate the autocorrelation of JRW Utility returns to help us make a trade decision. For example, suppose you find that JRW Utility 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 |
JRW Utility 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 JRW Utility stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JRW Utility stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JRW Utility stock over time.
Current vs Lagged Prices |
| Timeline |
JRW Utility Lagged Returns
When evaluating JRW Utility's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JRW Utility stock have on its future price. JRW Utility 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, JRW Utility autocorrelation shows the relationship between JRW Utility stock current value and its past values and can show if there is a momentum factor associated with investing in JRW Utility Public.
Regressed Prices |
| Timeline |
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JRW Utility financial ratios help investors to determine whether JRW 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 JRW with respect to the benefits of owning JRW Utility security.