Rich Sport (Thailand) Market Value
| RSP Stock | THB 1.93 0.01 0.52% |
| Symbol | Rich |
Rich Sport '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 Rich Sport'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 Rich Sport.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Rich Sport on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Rich Sport Public or generate 0.0% return on investment in Rich Sport over 30 days. Rich Sport is related to or competes with Samart Public, Jasmine International, Jay Mart, MC Group, and Karmarts Public. Rich Sport Public Company Limited manufactures and sells sneakers and apparel products in Thailand and internationally More
Rich Sport 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 Rich Sport'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 Rich Sport Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.66 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.97 |
Rich Sport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rich Sport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rich Sport's standard deviation. In reality, there are many statistical measures that can use Rich Sport historical prices to predict the future Rich Sport's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.2924 |
Rich Sport Public Backtested Returns
Rich Sport Public maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Rich Sport Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rich Sport's Variance of 1.79, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,457) to confirm the risk estimate we provide. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rich Sport are expected to decrease at a much lower rate. During the bear market, Rich Sport is likely to outperform the market. At this point, Rich Sport Public has a negative expected return of -0.13%. Please make sure to check Rich Sport's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Rich Sport Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Rich Sport Public has modest predictability. Overlapping area represents the amount of predictability between Rich Sport time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Rich Sport Public price movement. The serial correlation of 0.5 indicates that about 50.0% of current Rich Sport price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rich Sport Public lagged returns against current returns
Autocorrelation, which is Rich Sport 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 Rich Sport's stock expected returns. We can calculate the autocorrelation of Rich Sport returns to help us make a trade decision. For example, suppose you find that Rich Sport 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 |
Rich Sport 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 Rich Sport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rich Sport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rich Sport stock over time.
Current vs Lagged Prices |
| Timeline |
Rich Sport Lagged Returns
When evaluating Rich Sport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rich Sport stock have on its future price. Rich Sport 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, Rich Sport autocorrelation shows the relationship between Rich Sport stock current value and its past values and can show if there is a momentum factor associated with investing in Rich Sport Public.
Regressed Prices |
| Timeline |
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Rich Sport financial ratios help investors to determine whether Rich 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 Rich with respect to the benefits of owning Rich Sport security.