Siri Prime (Thailand) Market Value
| SIRI Stock | THB 1.80 0.01 0.55% |
| Symbol | Siri |
Siri Prime '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 Siri Prime'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 Siri Prime.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Siri Prime on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Siri Prime Office or generate 0.0% return on investment in Siri Prime over 30 days. Siri Prime is related to or competes with Land, Quality Houses, AP Public, SCB X, and Krung Thai. Sansiri Public Company Limited, together with its subsidiaries, engages in the property development business in Thailand More
Siri Prime 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 Siri Prime'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 Siri Prime Office upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0099 | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 3.76 |
Siri Prime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siri Prime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siri Prime's standard deviation. In reality, there are many statistical measures that can use Siri Prime historical prices to predict the future Siri Prime's volatility.| Risk Adjusted Performance | 0.0698 | |||
| Jensen Alpha | 0.0859 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0121 | |||
| Treynor Ratio | 0.3224 |
Siri Prime Office Backtested Returns
As of now, Siri Stock is relatively risky. Siri Prime Office owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0671, which indicates the firm had a 0.0671% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Siri Prime Office, which you can use to evaluate the volatility of the company. Please validate Siri Prime's Coefficient Of Variation of 1191.33, risk adjusted performance of 0.0698, and Semi Deviation of 1.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Siri Prime has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Siri Prime's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siri Prime is expected to be smaller as well. Siri Prime Office right now has a risk of 1.73%. Please validate Siri Prime sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Siri Prime will be following its existing price patterns.
Auto-correlation | 0.33 |
Below average predictability
Siri Prime Office has below average predictability. Overlapping area represents the amount of predictability between Siri Prime 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 Siri Prime Office price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Siri Prime price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Siri Prime Office lagged returns against current returns
Autocorrelation, which is Siri Prime 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 Siri Prime's stock expected returns. We can calculate the autocorrelation of Siri Prime returns to help us make a trade decision. For example, suppose you find that Siri Prime 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 |
Siri Prime 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 Siri Prime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siri Prime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Siri Prime stock over time.
Current vs Lagged Prices |
| Timeline |
Siri Prime Lagged Returns
When evaluating Siri Prime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siri Prime stock have on its future price. Siri Prime 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, Siri Prime autocorrelation shows the relationship between Siri Prime stock current value and its past values and can show if there is a momentum factor associated with investing in Siri Prime Office.
Regressed Prices |
| Timeline |
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Siri Prime financial ratios help investors to determine whether Siri 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 Siri with respect to the benefits of owning Siri Prime security.