Ramkhamhaeng Hospital (Thailand) Market Value
| RAM Stock | THB 23.20 0.30 1.31% |
| Symbol | Ramkhamhaeng |
Ramkhamhaeng Hospital '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 Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ramkhamhaeng Hospital on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ramkhamhaeng Hospital Public or generate 0.0% return on investment in Ramkhamhaeng Hospital over 30 days. Ramkhamhaeng Hospital is related to or competes with Bangkok Chain, Nonthavej Hospital, Bumrungrad Hospital, Vibhavadi Medical, and Chularat Hospital. Ramkhamhaeng Hospital Public Company Limited, together with its subsidiaries, operates a private hospital that provides ... More
Ramkhamhaeng Hospital 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 Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 1.81 |
Ramkhamhaeng Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ramkhamhaeng Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ramkhamhaeng Hospital's standard deviation. In reality, there are many statistical measures that can use Ramkhamhaeng Hospital historical prices to predict the future Ramkhamhaeng Hospital's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 6.59 |
Ramkhamhaeng Hospital Backtested Returns
Ramkhamhaeng Hospital maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Ramkhamhaeng Hospital exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ramkhamhaeng Hospital's Risk Adjusted Performance of (0.12), coefficient of variation of (618.87), and Variance of 2.99 to confirm the risk estimate we provide. The company holds a Beta of -0.0439, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ramkhamhaeng Hospital are expected to decrease at a much lower rate. During the bear market, Ramkhamhaeng Hospital is likely to outperform the market. At this point, Ramkhamhaeng Hospital has a negative expected return of -0.29%. Please make sure to check Ramkhamhaeng Hospital's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Ramkhamhaeng Hospital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Ramkhamhaeng Hospital Public has virtually no predictability. Overlapping area represents the amount of predictability between Ramkhamhaeng Hospital time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Ramkhamhaeng Hospital price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Ramkhamhaeng Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ramkhamhaeng Hospital lagged returns against current returns
Autocorrelation, which is Ramkhamhaeng Hospital 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 Ramkhamhaeng Hospital's stock expected returns. We can calculate the autocorrelation of Ramkhamhaeng Hospital returns to help us make a trade decision. For example, suppose you find that Ramkhamhaeng Hospital 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 |
Ramkhamhaeng Hospital 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 Ramkhamhaeng Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ramkhamhaeng Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ramkhamhaeng Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Ramkhamhaeng Hospital Lagged Returns
When evaluating Ramkhamhaeng Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ramkhamhaeng Hospital stock have on its future price. Ramkhamhaeng Hospital 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, Ramkhamhaeng Hospital autocorrelation shows the relationship between Ramkhamhaeng Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Ramkhamhaeng Hospital Public.
Regressed Prices |
| Timeline |
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Ramkhamhaeng Hospital financial ratios help investors to determine whether Ramkhamhaeng 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 Ramkhamhaeng with respect to the benefits of owning Ramkhamhaeng Hospital security.