Mida Assets (Thailand) Market Value
| MIDA Stock | THB 0.37 0.01 2.78% |
| Symbol | Mida |
Mida Assets '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 Mida Assets' 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 Mida Assets.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mida Assets on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mida Assets Public or generate 0.0% return on investment in Mida Assets over 30 days. Mida Assets is related to or competes with IT City, Nawarat Patanakarn, MFEC PCL, Italian Thai, and Dynasty Ceramic. Mida Assets Public Company Limited engages in the sale and hire-purchase of electronic equipment, mobile phones, motorcy... More
Mida Assets 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 Mida Assets' 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 Mida Assets Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.9 | |||
| Information Ratio | 0.0075 | |||
| Maximum Drawdown | 30.65 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 7.14 |
Mida Assets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mida Assets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mida Assets' standard deviation. In reality, there are many statistical measures that can use Mida Assets historical prices to predict the future Mida Assets' volatility.| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | 0.2429 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | (0.25) |
Mida Assets Public Backtested Returns
Mida Assets is out of control given 3 months investment horizon. Mida Assets Public 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 14.24% are justified by taking the suggested risk. Use Mida Assets Public Downside Deviation of 3.9, risk adjusted performance of 0.0384, and Mean Deviation of 2.49 to evaluate company specific risk that cannot be diversified away. Mida Assets holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mida Assets are expected to decrease at a much lower rate. During the bear market, Mida Assets is likely to outperform the market. Use Mida Assets Public semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Mida Assets Public.
Auto-correlation | 0.72 |
Good predictability
Mida Assets Public has good predictability. Overlapping area represents the amount of predictability between Mida Assets 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 Mida Assets Public price movement. The serial correlation of 0.72 indicates that around 72.0% of current Mida Assets price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mida Assets Public lagged returns against current returns
Autocorrelation, which is Mida Assets 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 Mida Assets' stock expected returns. We can calculate the autocorrelation of Mida Assets returns to help us make a trade decision. For example, suppose you find that Mida Assets 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 |
Mida Assets 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 Mida Assets stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mida Assets stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mida Assets stock over time.
Current vs Lagged Prices |
| Timeline |
Mida Assets Lagged Returns
When evaluating Mida Assets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mida Assets stock have on its future price. Mida Assets 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, Mida Assets autocorrelation shows the relationship between Mida Assets stock current value and its past values and can show if there is a momentum factor associated with investing in Mida Assets Public.
Regressed Prices |
| Timeline |
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Mida Assets financial ratios help investors to determine whether Mida 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 Mida with respect to the benefits of owning Mida Assets security.