Multibax Public (Thailand) Market Value
| MBAX Stock | THB 1.98 0.06 2.94% |
| Symbol | Multibax |
Multibax Public '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 Multibax Public'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 Multibax Public.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Multibax Public on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Multibax Public or generate 0.0% return on investment in Multibax Public over 720 days. Multibax Public is related to or competes with Kingsmen CMTI, Project Planning, Power Solution, Hydrotek Public, and Union Petrochemical. Multibax Public Company Limited manufactures and distributes polymer bags in Thailand More
Multibax Public 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 Multibax Public'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 Multibax Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 18.63 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 1.34 |
Multibax Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multibax Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multibax Public's standard deviation. In reality, there are many statistical measures that can use Multibax Public historical prices to predict the future Multibax Public's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (8.66) |
Multibax Public Backtested Returns
Multibax Public is out of control given 3 months investment horizon. Multibax Public 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 twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.47% are justified by taking the suggested risk. Use Multibax Public Standard Deviation of 2.22, mean deviation of 1.15, and Risk Adjusted Performance of (0.19) to evaluate company specific risk that cannot be diversified away. Multibax Public holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.0683, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Multibax Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multibax Public is expected to be smaller as well. Use Multibax Public maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Multibax Public.
Auto-correlation | 0.62 |
Good predictability
Multibax Public has good predictability. Overlapping area represents the amount of predictability between Multibax Public 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 Multibax Public price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Multibax Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Multibax Public lagged returns against current returns
Autocorrelation, which is Multibax Public 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 Multibax Public's stock expected returns. We can calculate the autocorrelation of Multibax Public returns to help us make a trade decision. For example, suppose you find that Multibax Public 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 |
Multibax Public 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 Multibax Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multibax Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multibax Public stock over time.
Current vs Lagged Prices |
| Timeline |
Multibax Public Lagged Returns
When evaluating Multibax Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multibax Public stock have on its future price. Multibax Public 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, Multibax Public autocorrelation shows the relationship between Multibax Public stock current value and its past values and can show if there is a momentum factor associated with investing in Multibax Public.
Regressed Prices |
| Timeline |
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Multibax Public financial ratios help investors to determine whether Multibax 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 Multibax with respect to the benefits of owning Multibax Public security.