KRUNGTHAI CARD's market value is the price at which a share of KRUNGTHAI CARD trades on a public exchange. It measures the collective expectations of KRUNGTHAI CARD FGN investors about its performance. KRUNGTHAI CARD is trading at 1.34 as of the 10th of January 2025. This is a 0.74% down since the beginning of the trading day. The stock's lowest day price was 1.34. With this module, you can estimate the performance of a buy and hold strategy of KRUNGTHAI CARD FGN and determine expected loss or profit from investing in KRUNGTHAI CARD over a given investment horizon. Check out KRUNGTHAI CARD Correlation, KRUNGTHAI CARD Volatility and KRUNGTHAI CARD Alpha and Beta module to complement your research on KRUNGTHAI CARD.
Please note, there is a significant difference between KRUNGTHAI CARD's value and its price as these two are different measures arrived at by different means. Investors typically determine if KRUNGTHAI CARD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KRUNGTHAI CARD's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
KRUNGTHAI CARD '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 CARD'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 CARD.
0.00
01/21/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/10/2025
0.00
If you would invest 0.00 in KRUNGTHAI CARD on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding KRUNGTHAI CARD FGN or generate 0.0% return on investment in KRUNGTHAI CARD over 720 days. KRUNGTHAI CARD is related to or competes with Visa, Discover Financial, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. Krungthai Card Public Company Limited engages in the credit card, personal loan, and other related businesses in Thailan... More
KRUNGTHAI CARD 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 CARD'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 CARD FGN upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for KRUNGTHAI CARD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KRUNGTHAI CARD's standard deviation. In reality, there are many statistical measures that can use KRUNGTHAI CARD historical prices to predict the future KRUNGTHAI CARD's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as KRUNGTHAI CARD. Your research has to be compared to or analyzed against KRUNGTHAI CARD's peers to derive any actionable benefits. When done correctly, KRUNGTHAI CARD's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in KRUNGTHAI CARD FGN.
KRUNGTHAI CARD FGN Backtested Returns
At this point, KRUNGTHAI CARD is risky. KRUNGTHAI CARD FGN has Sharpe Ratio of 0.0574, which conveys that the firm had a 0.0574% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for KRUNGTHAI CARD, which you can use to evaluate the volatility of the firm. Please verify KRUNGTHAI CARD's Mean Deviation of 1.07, market risk adjusted performance of (0.32), and Risk Adjusted Performance of 0.054 to check out if the risk estimate we provide is consistent with the expected return of 0.0878%. KRUNGTHAI CARD has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KRUNGTHAI CARD are expected to decrease at a much lower rate. During the bear market, KRUNGTHAI CARD is likely to outperform the market. KRUNGTHAI CARD FGN presently secures a risk of 1.53%. Please verify KRUNGTHAI CARD FGN sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if KRUNGTHAI CARD FGN will be following its current price movements.
Auto-correlation
-0.33
Poor reverse predictability
KRUNGTHAI CARD FGN has poor reverse predictability. Overlapping area represents the amount of predictability between KRUNGTHAI CARD time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th of January 2025. 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 CARD FGN price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current KRUNGTHAI CARD price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.33
Spearman Rank Test
-0.6
Residual Average
0.0
Price Variance
0.01
KRUNGTHAI CARD FGN lagged returns against current returns
Autocorrelation, which is KRUNGTHAI CARD 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 CARD's stock expected returns. We can calculate the autocorrelation of KRUNGTHAI CARD returns to help us make a trade decision. For example, suppose you find that KRUNGTHAI CARD 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 CARD 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 CARD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KRUNGTHAI CARD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KRUNGTHAI CARD stock over time.
Current vs Lagged Prices
Timeline
KRUNGTHAI CARD Lagged Returns
When evaluating KRUNGTHAI CARD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KRUNGTHAI CARD stock have on its future price. KRUNGTHAI CARD 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 CARD autocorrelation shows the relationship between KRUNGTHAI CARD stock current value and its past values and can show if there is a momentum factor associated with investing in KRUNGTHAI CARD FGN.
KRUNGTHAI CARD 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 CARD security.