Lease IT (Thailand) Market Value
| LIT Stock | THB 0.80 0.03 3.61% |
| Symbol | Lease |
Lease IT '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 Lease IT'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 Lease IT.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Lease IT on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Lease IT Public or generate 0.0% return on investment in Lease IT over 510 days. Lease IT is related to or competes with Multibax Public, Forth Smart, LPN Development, Netbay Public, and Jasmine International. Lease IT Public Company Limited provides financial services to small and medium enterprises in Thailand More
Lease IT 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 Lease IT'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 Lease IT Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 21.47 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.85 |
Lease IT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lease IT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lease IT's standard deviation. In reality, there are many statistical measures that can use Lease IT historical prices to predict the future Lease IT's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 0.6345 |
Lease IT Public Backtested Returns
Lease IT Public has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Lease IT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lease IT's Mean Deviation of 2.07, standard deviation of 3.09, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lease IT are expected to decrease at a much lower rate. During the bear market, Lease IT is likely to outperform the market. At this point, Lease IT Public has a negative expected return of -0.41%. Please make sure to verify Lease IT's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Lease IT Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Lease IT Public has good predictability. Overlapping area represents the amount of predictability between Lease IT time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Lease IT Public price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Lease IT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Lease IT Public lagged returns against current returns
Autocorrelation, which is Lease IT 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 Lease IT's stock expected returns. We can calculate the autocorrelation of Lease IT returns to help us make a trade decision. For example, suppose you find that Lease IT 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 |
Lease IT 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 Lease IT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lease IT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lease IT stock over time.
Current vs Lagged Prices |
| Timeline |
Lease IT Lagged Returns
When evaluating Lease IT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lease IT stock have on its future price. Lease IT 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, Lease IT autocorrelation shows the relationship between Lease IT stock current value and its past values and can show if there is a momentum factor associated with investing in Lease IT Public.
Regressed Prices |
| Timeline |
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Lease IT financial ratios help investors to determine whether Lease 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 Lease with respect to the benefits of owning Lease IT security.