Micro Leasing (Thailand) Market Value
| MICRO Stock | THB 1.16 0.01 0.85% |
| Symbol | Micro |
Micro Leasing '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 Micro Leasing'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 Micro Leasing.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Micro Leasing on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Micro Leasing Public or generate 0.0% return on investment in Micro Leasing over 30 days. Micro Leasing is related to or competes with Amanah Leasing, Muangthai Capital, Infraset Public, and JMT Network. Micro Leasing Public Company Limited provides hire-purchase finance for six-wheel and ten-wheel trucks in Thailand More
Micro Leasing 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 Micro Leasing'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 Micro Leasing Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.0455 | |||
| Maximum Drawdown | 36.44 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 8.55 |
Micro Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Micro Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Micro Leasing's standard deviation. In reality, there are many statistical measures that can use Micro Leasing historical prices to predict the future Micro Leasing's volatility.| Risk Adjusted Performance | 0.0583 | |||
| Jensen Alpha | 0.2951 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0735 | |||
| Treynor Ratio | 0.607 |
Micro Leasing Public Backtested Returns
Micro Leasing Public has Sharpe Ratio of -0.0299, which conveys that the firm had a -0.0299% return per unit of risk over the last 3 months. Micro Leasing exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Micro Leasing's Risk Adjusted Performance of 0.0583, downside deviation of 3.45, and Mean Deviation of 3.51 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Micro Leasing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Micro Leasing is expected to be smaller as well. At this point, Micro Leasing Public has a negative expected return of -0.13%. Please make sure to verify Micro Leasing's skewness, day median price, as well as the relationship between the value at risk and jensen alpha , to decide if Micro Leasing Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Micro Leasing Public has good predictability. Overlapping area represents the amount of predictability between Micro Leasing time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Micro Leasing Public price movement. The serial correlation of 0.79 indicates that around 79.0% of current Micro Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Micro Leasing Public lagged returns against current returns
Autocorrelation, which is Micro Leasing 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 Micro Leasing's stock expected returns. We can calculate the autocorrelation of Micro Leasing returns to help us make a trade decision. For example, suppose you find that Micro Leasing 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 |
Micro Leasing 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 Micro Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Micro Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Micro Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Micro Leasing Lagged Returns
When evaluating Micro Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Micro Leasing stock have on its future price. Micro Leasing 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, Micro Leasing autocorrelation shows the relationship between Micro Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Micro Leasing Public.
Regressed Prices |
| Timeline |
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Micro Leasing financial ratios help investors to determine whether Micro 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 Micro with respect to the benefits of owning Micro Leasing security.