Singer Thailand (Thailand) Market Value
| SINGER Stock | THB 9.05 0.05 0.56% |
| Symbol | Singer |
Singer Thailand '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 Singer Thailand'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 Singer Thailand.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Singer Thailand on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Singer Thailand Public or generate 0.0% return on investment in Singer Thailand over 30 days. Singer Thailand is related to or competes with SCB X, Kasikornbank Public, PTT Public, Kasikornbank Public, PTT Public, Bangkok Bank, and Krung Thai. Singer Thailand Public Company Limited sells electronic appliances, commercial products, and mobile phones in Thailand More
Singer Thailand 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 Singer Thailand'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 Singer Thailand Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.0079 | |||
| Maximum Drawdown | 22.26 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 7.41 |
Singer Thailand Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Singer Thailand's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Singer Thailand's standard deviation. In reality, there are many statistical measures that can use Singer Thailand historical prices to predict the future Singer Thailand's volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.077 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0073 | |||
| Treynor Ratio | 0.2505 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Singer Thailand's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Singer Thailand Public Backtested Returns
Singer Thailand is out of control given 3 months investment horizon. Singer Thailand Public 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 twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.35% are justified by taking the suggested risk. Use Singer Thailand Public Semi Deviation of 2.75, coefficient of variation of 2242.3, and Risk Adjusted Performance of 0.042 to evaluate company specific risk that cannot be diversified away. Singer Thailand holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Singer Thailand's returns are expected to increase less than the market. However, during the bear market, the loss of holding Singer Thailand is expected to be smaller as well. Use Singer Thailand Public expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to analyze future returns on Singer Thailand Public.
Auto-correlation | 0.38 |
Below average predictability
Singer Thailand Public has below average predictability. Overlapping area represents the amount of predictability between Singer Thailand time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Singer Thailand Public price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Singer Thailand price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Singer Thailand Public lagged returns against current returns
Autocorrelation, which is Singer Thailand 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 Singer Thailand's stock expected returns. We can calculate the autocorrelation of Singer Thailand returns to help us make a trade decision. For example, suppose you find that Singer Thailand 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 |
Singer Thailand 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 Singer Thailand stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Singer Thailand stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Singer Thailand stock over time.
Current vs Lagged Prices |
| Timeline |
Singer Thailand Lagged Returns
When evaluating Singer Thailand's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Singer Thailand stock have on its future price. Singer Thailand 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, Singer Thailand autocorrelation shows the relationship between Singer Thailand stock current value and its past values and can show if there is a momentum factor associated with investing in Singer Thailand Public.
Regressed Prices |
| Timeline |
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Singer Thailand financial ratios help investors to determine whether Singer 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 Singer with respect to the benefits of owning Singer Thailand security.