KRUNG THAI (Germany) Market Value
| KTB1 Stock | EUR 0.54 0.01 1.82% |
| Symbol | KRUNG |
KRUNG THAI '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 KRUNG THAI'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 KRUNG THAI.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in KRUNG THAI on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding KRUNG THAI FGN or generate 0.0% return on investment in KRUNG THAI over 30 days. KRUNG THAI is related to or competes with China Merchants, PT Bank, and State Bank. Krung Thai Bank Public Company Limited provides commercial banking products and services to individuals and corporate cu... More
KRUNG THAI 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 KRUNG THAI'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 KRUNG THAI FGN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0295 | |||
| Maximum Drawdown | 11.11 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.17 |
KRUNG THAI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KRUNG THAI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KRUNG THAI's standard deviation. In reality, there are many statistical measures that can use KRUNG THAI historical prices to predict the future KRUNG THAI's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 0.2103 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.022 | |||
| Treynor Ratio | (1.31) |
KRUNG THAI FGN Backtested Returns
KRUNG THAI appears to be extremely dangerous, given 3 months investment horizon. KRUNG THAI FGN has Sharpe Ratio of 0.0931, which conveys that the firm had a 0.0931% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for KRUNG THAI, which you can use to evaluate the volatility of the firm. Please exercise KRUNG THAI's Mean Deviation of 1.43, risk adjusted performance of 0.0776, and Market Risk Adjusted Performance of (1.30) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, KRUNG THAI holds a performance score of 7. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KRUNG THAI are expected to decrease at a much lower rate. During the bear market, KRUNG THAI is likely to outperform the market. Please check KRUNG THAI's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether KRUNG THAI's current price movements will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
KRUNG THAI FGN has insignificant reverse predictability. Overlapping area represents the amount of predictability between KRUNG THAI time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 KRUNG THAI FGN price movement. The serial correlation of -0.19 indicates that over 19.0% of current KRUNG THAI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KRUNG THAI FGN lagged returns against current returns
Autocorrelation, which is KRUNG THAI 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 KRUNG THAI's stock expected returns. We can calculate the autocorrelation of KRUNG THAI returns to help us make a trade decision. For example, suppose you find that KRUNG THAI 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 |
KRUNG THAI 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 KRUNG THAI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KRUNG THAI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KRUNG THAI stock over time.
Current vs Lagged Prices |
| Timeline |
KRUNG THAI Lagged Returns
When evaluating KRUNG THAI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KRUNG THAI stock have on its future price. KRUNG THAI 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, KRUNG THAI autocorrelation shows the relationship between KRUNG THAI stock current value and its past values and can show if there is a momentum factor associated with investing in KRUNG THAI FGN .
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in KRUNG Stock
KRUNG THAI financial ratios help investors to determine whether KRUNG 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 KRUNG with respect to the benefits of owning KRUNG THAI security.