Mida Leasing (Thailand) Market Value
| ML Stock | 0.58 0.02 3.33% |
| Symbol | Mida |
Mida 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 Mida 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 Mida Leasing.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Mida Leasing on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mida Leasing Public or generate 0.0% return on investment in Mida Leasing over 90 days. Mida Leasing is related to or competes with KGI Securities, Krungthai Car, Eastern Commercial, JMT Network, and IFS Capital. More
Mida 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 Mida 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 Mida Leasing Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.69 | |||
| Information Ratio | 0.1148 | |||
| Maximum Drawdown | 1008.24 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 12.0 |
Mida Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mida Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mida Leasing's standard deviation. In reality, there are many statistical measures that can use Mida Leasing historical prices to predict the future Mida Leasing's volatility.| Risk Adjusted Performance | 0.0987 | |||
| Jensen Alpha | 16.67 | |||
| Total Risk Alpha | (4.43) | |||
| Sortino Ratio | 0.6716 | |||
| Treynor Ratio | (0.85) |
Mida Leasing Public Backtested Returns
Mida Leasing is out of control given 3 months investment horizon. Mida Leasing Public has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.93% are justified by taking the suggested risk. Use Mida Leasing Public Risk Adjusted Performance of 0.0987, downside deviation of 21.69, and Mean Deviation of 32.14 to evaluate company specific risk that cannot be diversified away. Mida Leasing holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -17.21, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Mida Leasing are expected to decrease by larger amounts. On the other hand, during market turmoil, Mida Leasing is expected to outperform it. Use Mida Leasing Public maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to analyze future returns on Mida Leasing Public.
Auto-correlation | -0.08 |
Very weak reverse predictability
Mida Leasing Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Mida Leasing time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Leasing Public price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Mida Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mida Leasing Public lagged returns against current returns
Autocorrelation, which is Mida 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 Mida Leasing's stock expected returns. We can calculate the autocorrelation of Mida Leasing returns to help us make a trade decision. For example, suppose you find that Mida 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 |
Mida 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 Mida Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mida Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mida Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Mida Leasing Lagged Returns
When evaluating Mida Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mida Leasing stock have on its future price. Mida 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, Mida Leasing autocorrelation shows the relationship between Mida Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Mida Leasing Public.
Regressed Prices |
| Timeline |
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Mida Leasing 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 Leasing security.