Lanna Resources (Thailand) Market Value
| LANNA Stock | THB 16.00 0.10 0.62% |
| Symbol | Lanna |
Lanna Resources '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 Lanna Resources' 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 Lanna Resources.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Lanna Resources on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Lanna Resources Public or generate 0.0% return on investment in Lanna Resources over 540 days. Lanna Resources is related to or competes with Sawang Export, Grande Hospitality, City Steel, Prime Office, and HEMARAJ INDUSTRIAL. Lanna Resources Public Company Limited manufactures and distributes lignite coal in Thailand and internationally More
Lanna Resources 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 Lanna Resources' 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 Lanna Resources Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.6289 |
Lanna Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lanna Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lanna Resources' standard deviation. In reality, there are many statistical measures that can use Lanna Resources historical prices to predict the future Lanna Resources' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0125 | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.0599 |
Lanna Resources Public Backtested Returns
Lanna Resources Public has Sharpe Ratio of -0.0515, which conveys that the firm had a -0.0515% return per unit of risk over the last 3 months. Lanna Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lanna Resources' Standard Deviation of 0.5967, insignificant risk adjusted performance, and Mean Deviation of 0.4474 to check out the risk estimate we provide. 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, returns on owning Lanna Resources are expected to decrease at a much lower rate. During the bear market, Lanna Resources is likely to outperform the market. At this point, Lanna Resources Public has a negative expected return of -0.0285%. Please make sure to verify Lanna Resources' value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Lanna Resources Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Lanna Resources Public has weak predictability. Overlapping area represents the amount of predictability between Lanna Resources time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 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 Lanna Resources Public price movement. The serial correlation of 0.22 indicates that over 22.0% of current Lanna Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Lanna Resources Public lagged returns against current returns
Autocorrelation, which is Lanna Resources 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 Lanna Resources' stock expected returns. We can calculate the autocorrelation of Lanna Resources returns to help us make a trade decision. For example, suppose you find that Lanna Resources 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 |
Lanna Resources 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 Lanna Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lanna Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lanna Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Lanna Resources Lagged Returns
When evaluating Lanna Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lanna Resources stock have on its future price. Lanna Resources 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, Lanna Resources autocorrelation shows the relationship between Lanna Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Lanna Resources Public.
Regressed Prices |
| Timeline |
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Lanna Resources financial ratios help investors to determine whether Lanna 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 Lanna with respect to the benefits of owning Lanna Resources security.