Somboon Advance (Thailand) Market Value
| SAT Stock | THB 11.10 0.10 0.89% |
| Symbol | Somboon |
Somboon Advance '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 Somboon Advance'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 Somboon Advance.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Somboon Advance on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Somboon Advance Technology or generate 0.0% return on investment in Somboon Advance over 180 days. Somboon Advance is related to or competes with AAPICO Hitech, Thai Stanley, Hana Microelectronics, TISCO Financial, and Quality Houses. Somboon Advance Technology Public Company Limited manufactures and sells pick-up axles and truck trunnion shafts in Thai... More
Somboon Advance 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 Somboon Advance'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 Somboon Advance Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.99 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.75 |
Somboon Advance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Somboon Advance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Somboon Advance's standard deviation. In reality, there are many statistical measures that can use Somboon Advance historical prices to predict the future Somboon Advance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.8602 |
Somboon Advance Tech Backtested Returns
Somboon Advance Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0819, which indicates the firm had a -0.0819% return per unit of risk over the last 3 months. Somboon Advance Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Somboon Advance's Risk Adjusted Performance of (0.02), variance of 2.41, and Coefficient Of Variation of (3,727) to confirm the risk estimate we provide. The entity has a beta of -0.0601, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Somboon Advance are expected to decrease at a much lower rate. During the bear market, Somboon Advance is likely to outperform the market. At this point, Somboon Advance Tech has a negative expected return of -0.12%. Please make sure to validate Somboon Advance's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Somboon Advance Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Somboon Advance Technology has below average predictability. Overlapping area represents the amount of predictability between Somboon Advance 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 Somboon Advance Tech price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Somboon Advance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Somboon Advance Tech lagged returns against current returns
Autocorrelation, which is Somboon Advance 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 Somboon Advance's stock expected returns. We can calculate the autocorrelation of Somboon Advance returns to help us make a trade decision. For example, suppose you find that Somboon Advance 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 |
Somboon Advance 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 Somboon Advance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Somboon Advance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Somboon Advance stock over time.
Current vs Lagged Prices |
| Timeline |
Somboon Advance Lagged Returns
When evaluating Somboon Advance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Somboon Advance stock have on its future price. Somboon Advance 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, Somboon Advance autocorrelation shows the relationship between Somboon Advance stock current value and its past values and can show if there is a momentum factor associated with investing in Somboon Advance Technology.
Regressed Prices |
| Timeline |
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Somboon Advance financial ratios help investors to determine whether Somboon 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 Somboon with respect to the benefits of owning Somboon Advance security.