MFEC PCL (Thailand) Market Value
| MFEC Stock | THB 6.30 0.05 0.80% |
| Symbol | MFEC |
MFEC PCL '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 MFEC PCL'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 MFEC PCL.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in MFEC PCL on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding MFEC PCL or generate 0.0% return on investment in MFEC PCL over 30 days. MFEC PCL is related to or competes with AP Public, Jasmine International, Asia Plus, Bangchak Public, and Bangkok Aviation. MFEC Public Company Limited operates as an information technology services company in Thailand More
MFEC PCL 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 MFEC PCL'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 MFEC PCL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0725 | |||
| Maximum Drawdown | 7.46 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.5 |
MFEC PCL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFEC PCL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFEC PCL's standard deviation. In reality, there are many statistical measures that can use MFEC PCL historical prices to predict the future MFEC PCL's volatility.| Risk Adjusted Performance | 0.1443 | |||
| Jensen Alpha | 0.2416 | |||
| Total Risk Alpha | 0.0108 | |||
| Sortino Ratio | 0.0601 | |||
| Treynor Ratio | (1.14) |
MFEC PCL Backtested Returns
MFEC PCL is out of control given 3 months investment horizon. MFEC PCL 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 thirty different technical indicators, which can help you to evaluate if expected returns of 14.28% are justified by taking the suggested risk. Use MFEC PCL risk adjusted performance of 0.1443, and Mean Deviation of 0.8603 to evaluate company specific risk that cannot be diversified away. MFEC PCL holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MFEC PCL are expected to decrease at a much lower rate. During the bear market, MFEC PCL is likely to outperform the market. Use MFEC PCL standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on MFEC PCL.
Auto-correlation | -0.26 |
Weak reverse predictability
MFEC PCL has weak reverse predictability. Overlapping area represents the amount of predictability between MFEC PCL time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 MFEC PCL price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current MFEC PCL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
MFEC PCL lagged returns against current returns
Autocorrelation, which is MFEC PCL 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 MFEC PCL's stock expected returns. We can calculate the autocorrelation of MFEC PCL returns to help us make a trade decision. For example, suppose you find that MFEC PCL 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 |
MFEC PCL 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 MFEC PCL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFEC PCL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFEC PCL stock over time.
Current vs Lagged Prices |
| Timeline |
MFEC PCL Lagged Returns
When evaluating MFEC PCL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFEC PCL stock have on its future price. MFEC PCL 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, MFEC PCL autocorrelation shows the relationship between MFEC PCL stock current value and its past values and can show if there is a momentum factor associated with investing in MFEC PCL.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in MFEC Stock
MFEC PCL financial ratios help investors to determine whether MFEC 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 MFEC with respect to the benefits of owning MFEC PCL security.