Southern Concrete (Thailand) Market Value
| SCP Stock | THB 6.80 0.05 0.73% |
| Symbol | Southern |
Southern Concrete '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 Southern Concrete'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 Southern Concrete.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Southern Concrete on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Concrete Pile or generate 0.0% return on investment in Southern Concrete over 30 days. Southern Concrete is related to or competes with Quality Houses, Siam City, SC Asset, Siam Steel, and LPN Development. Southern Concrete Pile Public Company Limited manufactures, sells, installs, and services prestressed concrete products ... More
Southern Concrete 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 Southern Concrete'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 Southern Concrete Pile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 9.32 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.55 |
Southern Concrete Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Concrete's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Concrete's standard deviation. In reality, there are many statistical measures that can use Southern Concrete historical prices to predict the future Southern Concrete's volatility.| Risk Adjusted Performance | 0.0709 | |||
| Jensen Alpha | 0.1802 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.21) |
Southern Concrete Pile Backtested Returns
Southern Concrete is out of control given 3 months investment horizon. Southern Concrete Pile owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.64% are justified by taking the suggested risk. Use Southern Concrete Pile Coefficient Of Variation of 1154.15, risk adjusted performance of 0.0709, and Semi Deviation of 0.7005 to evaluate company specific risk that cannot be diversified away. Southern Concrete holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Southern Concrete are expected to decrease at a much lower rate. During the bear market, Southern Concrete is likely to outperform the market. Use Southern Concrete Pile value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to analyze future returns on Southern Concrete Pile.
Auto-correlation | 0.27 |
Poor predictability
Southern Concrete Pile has poor predictability. Overlapping area represents the amount of predictability between Southern Concrete 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 Southern Concrete Pile price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Southern Concrete price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Southern Concrete Pile lagged returns against current returns
Autocorrelation, which is Southern Concrete 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 Southern Concrete's stock expected returns. We can calculate the autocorrelation of Southern Concrete returns to help us make a trade decision. For example, suppose you find that Southern Concrete 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 |
Southern Concrete 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 Southern Concrete stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Concrete stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Concrete stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Concrete Lagged Returns
When evaluating Southern Concrete's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Concrete stock have on its future price. Southern Concrete 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, Southern Concrete autocorrelation shows the relationship between Southern Concrete stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Concrete Pile.
Regressed Prices |
| Timeline |
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Southern Concrete financial ratios help investors to determine whether Southern 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 Southern with respect to the benefits of owning Southern Concrete security.