MFC Nichada (Thailand) Market Value
| MNIT Stock | THB 2.40 0.18 8.11% |
| Symbol | MFC |
MFC Nichada '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 Nichada'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 Nichada.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in MFC Nichada on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding MFC Nichada Thani Property or generate 0.0% return on investment in MFC Nichada over 720 days. MFC Nichada is related to or competes with Major Cineplex, LH Shopping, MFC Strategic, and MFC Nichada. Mfc-Nichada Thani Property Fund is a closed ended fund managed by MFC Asset Management Public Co More
MFC Nichada 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 Nichada'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 Nichada Thani Property upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.9 | |||
| Information Ratio | 0.0143 | |||
| Maximum Drawdown | 11.85 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 3.74 |
MFC Nichada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFC Nichada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFC Nichada's standard deviation. In reality, there are many statistical measures that can use MFC Nichada historical prices to predict the future MFC Nichada's volatility.| Risk Adjusted Performance | 0.0653 | |||
| Jensen Alpha | 0.1656 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0081 | |||
| Treynor Ratio | (3.12) |
MFC Nichada Thani Backtested Returns
MFC Nichada is out of control given 3 months investment horizon. MFC Nichada Thani retains Efficiency (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 twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.21% are justified by taking the suggested risk. Use MFC Nichada Thani Market Risk Adjusted Performance of (3.11), semi deviation of 1.59, and Mean Deviation of 1.14 to evaluate company specific risk that cannot be diversified away. MFC Nichada holds a performance score of 8 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of -0.051, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MFC Nichada are expected to decrease at a much lower rate. During the bear market, MFC Nichada is likely to outperform the market. Use MFC Nichada Thani coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on MFC Nichada Thani.
Auto-correlation | 0.15 |
Insignificant predictability
MFC Nichada Thani Property has insignificant predictability. Overlapping area represents the amount of predictability between MFC Nichada time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Nichada Thani price movement. The serial correlation of 0.15 indicates that less than 15.0% of current MFC Nichada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
MFC Nichada Thani lagged returns against current returns
Autocorrelation, which is MFC Nichada 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 Nichada's stock expected returns. We can calculate the autocorrelation of MFC Nichada returns to help us make a trade decision. For example, suppose you find that MFC Nichada 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 Nichada 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 Nichada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFC Nichada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFC Nichada stock over time.
Current vs Lagged Prices |
| Timeline |
MFC Nichada Lagged Returns
When evaluating MFC Nichada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFC Nichada stock have on its future price. MFC Nichada 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 Nichada autocorrelation shows the relationship between MFC Nichada stock current value and its past values and can show if there is a momentum factor associated with investing in MFC Nichada Thani Property.
Regressed Prices |
| Timeline |
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MFC Nichada 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 Nichada security.