Metro Systems (Thailand) Market Value
| MSC Stock | THB 7.95 0.05 0.62% |
| Symbol | Metro |
Metro Systems '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 Metro Systems' 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 Metro Systems.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Metro Systems on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Metro Systems or generate 0.0% return on investment in Metro Systems over 180 days. Metro Systems is related to or competes with MFEC PCL, Internet Thailand, Hana Microelectronics, SiS Distribution, and Lam Soon. Metro Systems Corporation Public Company Limited, together with its subsidiaries, trades in computers and equipment, sof... More
Metro Systems 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 Metro Systems' 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 Metro Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.85 |
Metro Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metro Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metro Systems' standard deviation. In reality, there are many statistical measures that can use Metro Systems historical prices to predict the future Metro Systems' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.182 |
Metro Systems Backtested Returns
Metro Systems is out of control given 3 months investment horizon. Metro Systems 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 break down twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.28% are justified by taking the suggested risk. Use Metro Systems Risk Adjusted Performance of (0.01), standard deviation of 0.8021, and Mean Deviation of 0.4663 to evaluate company specific risk that cannot be diversified away. Metro Systems holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.0898, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Metro Systems are expected to decrease at a much lower rate. During the bear market, Metro Systems is likely to outperform the market. Use Metro Systems skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to analyze future returns on Metro Systems.
Auto-correlation | 0.12 |
Insignificant predictability
Metro Systems has insignificant predictability. Overlapping area represents the amount of predictability between Metro Systems time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Metro Systems price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Metro Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Metro Systems lagged returns against current returns
Autocorrelation, which is Metro Systems 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 Metro Systems' stock expected returns. We can calculate the autocorrelation of Metro Systems returns to help us make a trade decision. For example, suppose you find that Metro Systems 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 |
Metro Systems 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 Metro Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metro Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metro Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Metro Systems Lagged Returns
When evaluating Metro Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metro Systems stock have on its future price. Metro Systems 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, Metro Systems autocorrelation shows the relationship between Metro Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Metro Systems.
Regressed Prices |
| Timeline |
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Metro Systems financial ratios help investors to determine whether Metro 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 Metro with respect to the benefits of owning Metro Systems security.