News Network (Thailand) Market Value
| NEWS Stock | THB 0.01 0.00 0.00% |
| Symbol | News |
News Network '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 News Network'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 News Network.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in News Network on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding News Network or generate 0.0% return on investment in News Network over 570 days. News Network is related to or competes with Internet Thailand, Hydrotek Public, and E For. News Network Corporation Public Company Limited, together with its subsidiaries, develops and sells software in Thailand More
News Network 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 News Network'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 News Network upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
News Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for News Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as News Network's standard deviation. In reality, there are many statistical measures that can use News Network historical prices to predict the future News Network's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 4.1 | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (1.39) |
News Network Backtested Returns
News Network is out of control given 3 months investment horizon. News Network has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to collect data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 17.74% are justified by taking the suggested risk. Use News Network Risk Adjusted Performance of 0.1038, mean deviation of 14.58, and Standard Deviation of 30.77 to evaluate company specific risk that cannot be diversified away. News Network holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -2.72, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning News Network are expected to decrease by larger amounts. On the other hand, during market turmoil, News Network is expected to outperform it. Use News Network potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and accumulation distribution , to analyze future returns on News Network.
Auto-correlation | 0.17 |
Very weak predictability
News Network has very weak predictability. Overlapping area represents the amount of predictability between News Network time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 News Network price movement. The serial correlation of 0.17 indicates that over 17.0% of current News Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
News Network lagged returns against current returns
Autocorrelation, which is News Network 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 News Network's stock expected returns. We can calculate the autocorrelation of News Network returns to help us make a trade decision. For example, suppose you find that News Network 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 |
News Network 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 News Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if News Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in News Network stock over time.
Current vs Lagged Prices |
| Timeline |
News Network Lagged Returns
When evaluating News Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of News Network stock have on its future price. News Network 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, News Network autocorrelation shows the relationship between News Network stock current value and its past values and can show if there is a momentum factor associated with investing in News Network.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in News Stock
News Network financial ratios help investors to determine whether News 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 News with respect to the benefits of owning News Network security.