Multi National (Thailand) Market Value
| MNRF Stock | THB 2.44 0.14 6.09% |
| Symbol | Multi |
Multi National '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 Multi National'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 Multi National.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Multi National on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Multi National Residence or generate 0.0% return on investment in Multi National over 30 days. Multi National is related to or competes with LH Shopping, and HEMARAJ INDUSTRIAL. MFC Multi is traded on Stock Exchange of Thailand in Thailand. More
Multi National 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 Multi National'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 Multi National Residence upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.38 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.85 |
Multi National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi National's standard deviation. In reality, there are many statistical measures that can use Multi National historical prices to predict the future Multi National's volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0352 |
Multi National Residence Backtested Returns
Multi National is out of control given 3 months investment horizon. Multi National Residence has Sharpe Ratio of 0.26, which conveys that the firm had a 0.26% 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 71.56% are justified by taking the suggested risk. Use Multi National Residence Mean Deviation of 0.6971, risk adjusted performance of 0.0166, and Downside Deviation of 1.82 to evaluate company specific risk that cannot be diversified away. Multi National holds a performance score of 20 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Multi National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multi National is expected to be smaller as well. Use Multi National Residence standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on Multi National Residence.
Auto-correlation | 0.10 |
Insignificant predictability
Multi National Residence has insignificant predictability. Overlapping area represents the amount of predictability between Multi National 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 Multi National Residence price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Multi National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Multi National Residence lagged returns against current returns
Autocorrelation, which is Multi National 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 Multi National's stock expected returns. We can calculate the autocorrelation of Multi National returns to help us make a trade decision. For example, suppose you find that Multi National 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 |
Multi National 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 Multi National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi National stock over time.
Current vs Lagged Prices |
| Timeline |
Multi National Lagged Returns
When evaluating Multi National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi National stock have on its future price. Multi National 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, Multi National autocorrelation shows the relationship between Multi National stock current value and its past values and can show if there is a momentum factor associated with investing in Multi National Residence.
Regressed Prices |
| Timeline |
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Multi National financial ratios help investors to determine whether Multi 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 Multi with respect to the benefits of owning Multi National security.