SCG Packaging (Thailand) Market Value
| SCGP Stock | THB 21.40 0.90 4.04% |
| Symbol | SCG |
SCG Packaging '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 SCG Packaging'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 SCG Packaging.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in SCG Packaging on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding SCG Packaging Public or generate 0.0% return on investment in SCG Packaging over 180 days. SCG Packaging is related to or competes with Kingsmen CMTI, Project Planning, Power Solution, Hydrotek Public, and Union Petrochemical. SCG Packaging Public Company Limited, through its subsidiaries, produces and sells corrugated containers, retail display... More
SCG Packaging 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 SCG Packaging'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 SCG Packaging Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.0 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.76 |
SCG Packaging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCG Packaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCG Packaging's standard deviation. In reality, there are many statistical measures that can use SCG Packaging historical prices to predict the future SCG Packaging's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 0.7203 |
SCG Packaging Public Backtested Returns
SCG Packaging is out of control given 3 months investment horizon. SCG Packaging Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the company had a 0.11% return per unit of volatility over the last 3 months. We were able to collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.08% are justified by taking the suggested risk. Use SCG Packaging Public Market Risk Adjusted Performance of 0.7303, standard deviation of 2.79, and Risk Adjusted Performance of (0.07) to evaluate company specific risk that cannot be diversified away. SCG Packaging holds a performance score of 8 on a scale of zero to a hundred. The firm has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SCG Packaging are expected to decrease at a much lower rate. During the bear market, SCG Packaging is likely to outperform the market. Use SCG Packaging Public jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to analyze future returns on SCG Packaging Public.
Auto-correlation | 0.33 |
Below average predictability
SCG Packaging Public has below average predictability. Overlapping area represents the amount of predictability between SCG Packaging time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 SCG Packaging Public price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current SCG Packaging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 17.1 |
SCG Packaging Public lagged returns against current returns
Autocorrelation, which is SCG Packaging 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 SCG Packaging's stock expected returns. We can calculate the autocorrelation of SCG Packaging returns to help us make a trade decision. For example, suppose you find that SCG Packaging 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 |
SCG Packaging 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 SCG Packaging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCG Packaging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCG Packaging stock over time.
Current vs Lagged Prices |
| Timeline |
SCG Packaging Lagged Returns
When evaluating SCG Packaging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCG Packaging stock have on its future price. SCG Packaging 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, SCG Packaging autocorrelation shows the relationship between SCG Packaging stock current value and its past values and can show if there is a momentum factor associated with investing in SCG Packaging Public.
Regressed Prices |
| Timeline |
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SCG Packaging financial ratios help investors to determine whether SCG 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 SCG with respect to the benefits of owning SCG Packaging security.