SCB X (Thailand) Market Value

SCB Stock  THB 114.50  0.50  0.44%   
SCB X's market value is the price at which a share of SCB X trades on a public exchange. It measures the collective expectations of SCB X Public investors about its performance. SCB X is selling for 114.50 as of the 25th of November 2024. This is a 0.44 percent increase since the beginning of the trading day. The stock's last reported lowest price was 114.0.
With this module, you can estimate the performance of a buy and hold strategy of SCB X Public and determine expected loss or profit from investing in SCB X over a given investment horizon. Check out SCB X Correlation, SCB X Volatility and SCB X Alpha and Beta module to complement your research on SCB X.
Symbol

Please note, there is a significant difference between SCB X's value and its price as these two are different measures arrived at by different means. Investors typically determine if SCB X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SCB X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

SCB X '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 SCB X'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 SCB X.
0.00
12/06/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/25/2024
0.00
If you would invest  0.00  in SCB X on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding SCB X Public or generate 0.0% return on investment in SCB X over 720 days. SCB X is related to or competes with Thai Energy, Royal Orchid, Grand Canal, PRG Public, Unique Mining, Thai Group, and Nfc PLC. SCB X Public Company Limited operates as a holding company for The Siam Commercial Bank Public Company Limited that prov... More

SCB X 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 SCB X'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 SCB X Public upside and downside potential and time the market with a certain degree of confidence.

SCB X Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SCB X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCB X's standard deviation. In reality, there are many statistical measures that can use SCB X historical prices to predict the future SCB X's volatility.
Hype
Prediction
LowEstimatedHigh
113.37114.50115.63
Details
Intrinsic
Valuation
LowRealHigh
103.05132.31133.44
Details
Naive
Forecast
LowNextHigh
113.35114.47115.60
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
114.00114.40114.80
Details

SCB X Public Backtested Returns

As of now, SCB Stock is very steady. SCB X Public retains Efficiency (Sharpe Ratio) of 0.13, which indicates the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SCB X, which you can use to evaluate the volatility of the entity. Please validate SCB X's Standard Deviation of 1.17, market risk adjusted performance of 4.09, and Semi Deviation of 0.59 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. SCB X has a performance score of 10 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0331, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SCB X's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCB X is expected to be smaller as well. SCB X Public now owns a risk of 1.13%. Please validate SCB X Public coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if SCB X Public will be following its current price history.

Auto-correlation

    
  0.23  

Weak predictability

SCB X Public has weak predictability. Overlapping area represents the amount of predictability between SCB X time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 SCB X Public price movement. The serial correlation of 0.23 indicates that over 23.0% of current SCB X price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test0.47
Residual Average0.0
Price Variance41.43

SCB X Public lagged returns against current returns

Autocorrelation, which is SCB X 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 SCB X's stock expected returns. We can calculate the autocorrelation of SCB X returns to help us make a trade decision. For example, suppose you find that SCB X 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  

SCB X 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 SCB X stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCB X stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCB X stock over time.
   Current vs Lagged Prices   
       Timeline  

SCB X Lagged Returns

When evaluating SCB X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCB X stock have on its future price. SCB X 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, SCB X autocorrelation shows the relationship between SCB X stock current value and its past values and can show if there is a momentum factor associated with investing in SCB X Public.
   Regressed Prices   
       Timeline  

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Other Information on Investing in SCB Stock

SCB X financial ratios help investors to determine whether SCB 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 SCB with respect to the benefits of owning SCB X security.