Mena Transport (Thailand) Market Value
| MENA Stock | 1.23 0.01 0.82% |
| Symbol | Mena |
Mena Transport '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 Mena Transport'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 Mena Transport.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Mena Transport on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Mena Transport Public or generate 0.0% return on investment in Mena Transport over 390 days. Mena Transport is related to or competes with Mono Next, Triple I, and Dynasty Ceramic. More
Mena Transport 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 Mena Transport'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 Mena Transport Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | 0.047 | |||
| Maximum Drawdown | 21.27 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 6.09 |
Mena Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mena Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mena Transport's standard deviation. In reality, there are many statistical measures that can use Mena Transport historical prices to predict the future Mena Transport's volatility.| Risk Adjusted Performance | 0.0688 | |||
| Jensen Alpha | 0.2639 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0638 | |||
| Treynor Ratio | (2.96) |
Mena Transport Public Backtested Returns
As of now, Mena Stock is dangerous. Mena Transport Public has Sharpe Ratio of 0.0482, which conveys that the firm had a 0.0482% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mena Transport, which you can use to evaluate the volatility of the firm. Please verify Mena Transport's Mean Deviation of 2.34, risk adjusted performance of 0.0688, and Downside Deviation of 2.44 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Mena Transport has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0862, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mena Transport are expected to decrease at a much lower rate. During the bear market, Mena Transport is likely to outperform the market. Mena Transport Public right now secures a risk of 3.3%. Please verify Mena Transport Public jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Mena Transport Public will be following its current price movements.
Auto-correlation | -0.41 |
Modest reverse predictability
Mena Transport Public has modest reverse predictability. Overlapping area represents the amount of predictability between Mena Transport time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Mena Transport Public price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Mena Transport price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Mena Transport Public lagged returns against current returns
Autocorrelation, which is Mena Transport 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 Mena Transport's stock expected returns. We can calculate the autocorrelation of Mena Transport returns to help us make a trade decision. For example, suppose you find that Mena Transport 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 |
Mena Transport 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 Mena Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mena Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mena Transport stock over time.
Current vs Lagged Prices |
| Timeline |
Mena Transport Lagged Returns
When evaluating Mena Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mena Transport stock have on its future price. Mena Transport 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, Mena Transport autocorrelation shows the relationship between Mena Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Mena Transport Public.
Regressed Prices |
| Timeline |
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Mena Transport financial ratios help investors to determine whether Mena 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 Mena with respect to the benefits of owning Mena Transport security.