Medeze Group (Thailand) Market Value
| MEDEZE Stock | 7.75 0.10 1.27% |
| Symbol | Medeze |
Medeze Group '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 Medeze Group'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 Medeze Group.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Medeze Group on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Medeze Group PCL or generate 0.0% return on investment in Medeze Group over 30 days.
Medeze Group 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 Medeze Group'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 Medeze Group PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 21.41 | |||
| Value At Risk | (8.80) | |||
| Potential Upside | 4.57 |
Medeze Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medeze Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medeze Group's standard deviation. In reality, there are many statistical measures that can use Medeze Group historical prices to predict the future Medeze Group's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (1.20) | |||
| Total Risk Alpha | (1.85) | |||
| Treynor Ratio | (4.66) |
Medeze Group PCL Backtested Returns
Medeze Group PCL has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23% return per unit of risk over the last 3 months. Medeze Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medeze Group's Standard Deviation of 4.51, mean deviation of 3.36, and Risk Adjusted Performance of (0.19) to check out the risk estimate we provide. 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, Medeze Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medeze Group is expected to be smaller as well. At this point, Medeze Group PCL has a negative expected return of -0.99%. Please make sure to verify Medeze Group's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Medeze Group PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Medeze Group PCL has very weak predictability. Overlapping area represents the amount of predictability between Medeze Group time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Medeze Group PCL price movement. The serial correlation of 0.19 indicates that over 19.0% of current Medeze Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Medeze Group PCL lagged returns against current returns
Autocorrelation, which is Medeze Group 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 Medeze Group's stock expected returns. We can calculate the autocorrelation of Medeze Group returns to help us make a trade decision. For example, suppose you find that Medeze Group 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 |
Medeze Group 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 Medeze Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medeze Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medeze Group stock over time.
Current vs Lagged Prices |
| Timeline |
Medeze Group Lagged Returns
When evaluating Medeze Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medeze Group stock have on its future price. Medeze Group 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, Medeze Group autocorrelation shows the relationship between Medeze Group stock current value and its past values and can show if there is a momentum factor associated with investing in Medeze Group PCL.
Regressed Prices |
| Timeline |
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