Srithai Superware (Thailand) Market Value
| SITHAI Stock | THB 1.32 0.03 2.33% |
| Symbol | Srithai |
Srithai Superware '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 Srithai Superware'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 Srithai Superware.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Srithai Superware on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Srithai Superware Public or generate 0.0% return on investment in Srithai Superware over 720 days. Srithai Superware is related to or competes with Krung Thai, Halcyon Technology, Charoen Pokphand, 2S Metal, TISCO Financial, and President Automobile. Srithai Superware Public Company Limited, together with its subsidiaries, engages in the manufacture and sale of plastic... More
Srithai Superware 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 Srithai Superware'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 Srithai Superware Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 2.63 |
Srithai Superware Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Srithai Superware's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Srithai Superware's standard deviation. In reality, there are many statistical measures that can use Srithai Superware historical prices to predict the future Srithai Superware's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.3928 |
Srithai Superware Public Backtested Returns
Srithai Superware is out of control given 3 months investment horizon. Srithai Superware 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 and analyze data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.15% are justified by taking the suggested risk. Use Srithai Superware Public Variance of 3.02, coefficient of variation of (1,639), and Risk Adjusted Performance of (0.04) to evaluate company specific risk that cannot be diversified away. Srithai Superware holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Srithai Superware are expected to decrease at a much lower rate. During the bear market, Srithai Superware is likely to outperform the market. Use Srithai Superware Public maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to analyze future returns on Srithai Superware Public.
Auto-correlation | -0.69 |
Very good reverse predictability
Srithai Superware Public has very good reverse predictability. Overlapping area represents the amount of predictability between Srithai Superware time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Srithai Superware Public price movement. The serial correlation of -0.69 indicates that around 69.0% of current Srithai Superware price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Srithai Superware Public lagged returns against current returns
Autocorrelation, which is Srithai Superware 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 Srithai Superware's stock expected returns. We can calculate the autocorrelation of Srithai Superware returns to help us make a trade decision. For example, suppose you find that Srithai Superware 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 |
Srithai Superware 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 Srithai Superware stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Srithai Superware stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Srithai Superware stock over time.
Current vs Lagged Prices |
| Timeline |
Srithai Superware Lagged Returns
When evaluating Srithai Superware's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Srithai Superware stock have on its future price. Srithai Superware 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, Srithai Superware autocorrelation shows the relationship between Srithai Superware stock current value and its past values and can show if there is a momentum factor associated with investing in Srithai Superware Public.
Regressed Prices |
| Timeline |
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Srithai Superware financial ratios help investors to determine whether Srithai 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 Srithai with respect to the benefits of owning Srithai Superware security.