MFC Asset (Thailand) Market Value
| MFC Stock | THB 27.75 0.25 0.89% |
| Symbol | MFC |
MFC Asset '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 MFC Asset'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 MFC Asset.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in MFC Asset on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding MFC Asset Management or generate 0.0% return on investment in MFC Asset over 30 days. MFC Asset is related to or competes with Thai Steel, Tropical Canning, RB Food, Eureka Design, Chularat Hospital, and Qualitech Public. MFC Asset Management Public Company Limited is a publicly owned investment manager More
MFC Asset 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 MFC Asset'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 MFC Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.1416 | |||
| Maximum Drawdown | 24.65 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 5.71 |
MFC Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFC Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFC Asset's standard deviation. In reality, there are many statistical measures that can use MFC Asset historical prices to predict the future MFC Asset's volatility.| Risk Adjusted Performance | 0.1412 | |||
| Jensen Alpha | 0.6472 | |||
| Total Risk Alpha | 0.1243 | |||
| Sortino Ratio | 0.1604 | |||
| Treynor Ratio | (0.99) |
MFC Asset Management Backtested Returns
MFC Asset appears to be not too volatile, given 3 months investment horizon. MFC Asset Management retains Efficiency (Sharpe Ratio) of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting MFC Asset's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise MFC Asset's Mean Deviation of 2.09, semi deviation of 1.8, and Market Risk Adjusted Performance of (0.98) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MFC Asset holds a performance score of 13. The company owns a Beta (Systematic Risk) of -0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MFC Asset are expected to decrease at a much lower rate. During the bear market, MFC Asset is likely to outperform the market. Please check MFC Asset's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether MFC Asset's current price history will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
MFC Asset Management has very good reverse predictability. Overlapping area represents the amount of predictability between MFC Asset time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 MFC Asset Management price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current MFC Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
MFC Asset Management lagged returns against current returns
Autocorrelation, which is MFC Asset 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 MFC Asset's stock expected returns. We can calculate the autocorrelation of MFC Asset returns to help us make a trade decision. For example, suppose you find that MFC Asset 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 |
MFC Asset 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 MFC Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFC Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFC Asset stock over time.
Current vs Lagged Prices |
| Timeline |
MFC Asset Lagged Returns
When evaluating MFC Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFC Asset stock have on its future price. MFC Asset 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, MFC Asset autocorrelation shows the relationship between MFC Asset stock current value and its past values and can show if there is a momentum factor associated with investing in MFC Asset Management.
Regressed Prices |
| Timeline |
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MFC Asset financial ratios help investors to determine whether MFC 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 MFC with respect to the benefits of owning MFC Asset security.