Krungthai Car (Thailand) Market Value
| KCAR Stock | THB 4.72 0.02 0.42% |
| Symbol | Krungthai |
Krungthai Car '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 Krungthai Car'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 Krungthai Car.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Krungthai Car on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Krungthai Car Rent or generate 0.0% return on investment in Krungthai Car over 720 days. Krungthai Car is related to or competes with Gulf Energy, Energy Absolute, WHA Public, Bangkok Expressway, AJ Plast, Kiatnakin Phatra, and RS Public. Krungthai Car Rent and Lease Public Company Limited provides operating lease in car rental business in Thailand More
Krungthai Car 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 Krungthai Car'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 Krungthai Car Rent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.59 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.94 |
Krungthai Car Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Krungthai Car's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Krungthai Car's standard deviation. In reality, there are many statistical measures that can use Krungthai Car historical prices to predict the future Krungthai Car's volatility.| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | 0.0372 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.326 |
Krungthai Car Rent Backtested Returns
Krungthai Car is out of control given 3 months investment horizon. Krungthai Car Rent has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 14.14% are justified by taking the suggested risk. Use Krungthai Car Rent Risk Adjusted Performance of 0.054, mean deviation of 0.6063, and Downside Deviation of 1.16 to evaluate company specific risk that cannot be diversified away. Krungthai Car holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Krungthai Car's returns are expected to increase less than the market. However, during the bear market, the loss of holding Krungthai Car is expected to be smaller as well. Use Krungthai Car Rent sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to analyze future returns on Krungthai Car Rent.
Auto-correlation | -0.39 |
Poor reverse predictability
Krungthai Car Rent has poor reverse predictability. Overlapping area represents the amount of predictability between Krungthai Car time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Krungthai Car Rent price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Krungthai Car price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
Krungthai Car Rent lagged returns against current returns
Autocorrelation, which is Krungthai Car 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 Krungthai Car's stock expected returns. We can calculate the autocorrelation of Krungthai Car returns to help us make a trade decision. For example, suppose you find that Krungthai Car 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 |
Krungthai Car 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 Krungthai Car stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Krungthai Car stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Krungthai Car stock over time.
Current vs Lagged Prices |
| Timeline |
Krungthai Car Lagged Returns
When evaluating Krungthai Car's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Krungthai Car stock have on its future price. Krungthai Car 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, Krungthai Car autocorrelation shows the relationship between Krungthai Car stock current value and its past values and can show if there is a momentum factor associated with investing in Krungthai Car Rent.
Regressed Prices |
| Timeline |
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Krungthai Car financial ratios help investors to determine whether Krungthai 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 Krungthai with respect to the benefits of owning Krungthai Car security.