Modernform Group (Thailand) Market Value
| MODERN Stock | THB 2.58 0.02 0.78% |
| Symbol | Modernform |
Modernform Group '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 Modernform Group'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 Modernform Group.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Modernform Group on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Modernform Group Public or generate 0.0% return on investment in Modernform Group over 210 days. Modernform Group is related to or competes with KGI Securities, Hana Microelectronics, LPN Development, MFEC PCL, and Land. Modernform Group Public Company Limited manufactures and distributes residential and office furniture in Thailand More
Modernform Group 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 Modernform Group'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 Modernform Group Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.17 |
Modernform Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Modernform Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Modernform Group's standard deviation. In reality, there are many statistical measures that can use Modernform Group historical prices to predict the future Modernform Group's volatility.| Risk Adjusted Performance | 0.023 | |||
| Jensen Alpha | 0.0317 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.29) |
Modernform Group Public Backtested Returns
Modernform Group is out of control given 3 months investment horizon. Modernform Group Public has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 15.89% are justified by taking the suggested risk. Use Modernform Group Public Risk Adjusted Performance of 0.023, mean deviation of 0.8308, and Downside Deviation of 2.02 to evaluate company specific risk that cannot be diversified away. Modernform Group holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.0761, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Modernform Group are expected to decrease at a much lower rate. During the bear market, Modernform Group is likely to outperform the market. Use Modernform Group Public value at risk, and the relationship between the jensen alpha and skewness , to analyze future returns on Modernform Group Public.
Auto-correlation | 0.26 |
Poor predictability
Modernform Group Public has poor predictability. Overlapping area represents the amount of predictability between Modernform Group time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Modernform Group Public price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Modernform Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Modernform Group Public lagged returns against current returns
Autocorrelation, which is Modernform Group 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 Modernform Group's stock expected returns. We can calculate the autocorrelation of Modernform Group returns to help us make a trade decision. For example, suppose you find that Modernform Group 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 |
Modernform Group 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 Modernform Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Modernform Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Modernform Group stock over time.
Current vs Lagged Prices |
| Timeline |
Modernform Group Lagged Returns
When evaluating Modernform Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Modernform Group stock have on its future price. Modernform Group 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, Modernform Group autocorrelation shows the relationship between Modernform Group stock current value and its past values and can show if there is a momentum factor associated with investing in Modernform Group Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Modernform Stock
Modernform Group financial ratios help investors to determine whether Modernform 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 Modernform with respect to the benefits of owning Modernform Group security.