SC Asset (Thailand) Market Value
| SC Stock | THB 2.96 0.02 0.68% |
| Symbol | SC Asset |
SC Asset '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 SC Asset'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 SC Asset.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in SC Asset on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding SC Asset or generate 0.0% return on investment in SC Asset over 30 days. SC Asset is related to or competes with Eastern Star, Bangkok Land, Ananda Development, Better World, and Dcon Products. SC Asset Corporation Public Company Limited, together with its subsidiaries, operates as a real estate development compa... More
SC Asset 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 SC Asset'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 SC Asset upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 4.08 |
SC Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SC Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SC Asset's standard deviation. In reality, there are many statistical measures that can use SC Asset historical prices to predict the future SC Asset's volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.0482 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3627 |
SC Asset Backtested Returns
SC Asset is out of control given 3 months investment horizon. SC Asset retains Efficiency (Sharpe Ratio) of 0.11, which indicates the company had a 0.11% return per unit of price deviation over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 14.44% are justified by taking the suggested risk. Use SC Asset market risk adjusted performance of 0.3727, and Standard Deviation of 1.91 to evaluate company specific risk that cannot be diversified away. SC Asset holds a performance score of 8 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SC Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding SC Asset is expected to be smaller as well. Use SC Asset semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to analyze future returns on SC Asset.
Auto-correlation | -0.82 |
Excellent reverse predictability
SC Asset has excellent reverse predictability. Overlapping area represents the amount of predictability between SC Asset 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 SC Asset price movement. The serial correlation of -0.82 indicates that around 82.0% of current SC Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SC Asset lagged returns against current returns
Autocorrelation, which is SC Asset 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 SC Asset's stock expected returns. We can calculate the autocorrelation of SC Asset returns to help us make a trade decision. For example, suppose you find that SC Asset 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 |
SC Asset 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 SC Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SC Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SC Asset stock over time.
Current vs Lagged Prices |
| Timeline |
SC Asset Lagged Returns
When evaluating SC Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SC Asset stock have on its future price. SC Asset 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, SC Asset autocorrelation shows the relationship between SC Asset stock current value and its past values and can show if there is a momentum factor associated with investing in SC Asset.
Regressed Prices |
| Timeline |
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SC Asset financial ratios help investors to determine whether SC Asset 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 SC Asset with respect to the benefits of owning SC Asset security.