Sakol Energy (Thailand) Market Value
| SKE Stock | THB 0.30 0.01 3.45% |
| Symbol | Sakol |
Sakol Energy '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 Sakol Energy'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 Sakol Energy.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Sakol Energy on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Sakol Energy Public or generate 0.0% return on investment in Sakol Energy over 720 days. Sakol Energy is related to or competes with Bangchak Public, IRPC Public, PTT Exploration, and PTG Energy. Sakol Energy Public Company Limited operates in the energy industry in Thailand More
Sakol Energy 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 Sakol Energy'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 Sakol Energy Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.47 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 3.45 |
Sakol Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sakol Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sakol Energy's standard deviation. In reality, there are many statistical measures that can use Sakol Energy historical prices to predict the future Sakol Energy's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.9258 |
Sakol Energy Public Backtested Returns
Sakol Energy Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Sakol Energy Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sakol Energy's Coefficient Of Variation of (955.32), variance of 7.23, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sakol Energy are expected to decrease at a much lower rate. During the bear market, Sakol Energy is likely to outperform the market. At this point, Sakol Energy Public has a negative expected return of -0.4%. Please make sure to validate Sakol Energy's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Sakol Energy Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Sakol Energy Public has very good predictability. Overlapping area represents the amount of predictability between Sakol Energy time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 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 Sakol Energy Public price movement. The serial correlation of 0.84 indicates that around 84.0% of current Sakol Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sakol Energy Public lagged returns against current returns
Autocorrelation, which is Sakol Energy 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 Sakol Energy's stock expected returns. We can calculate the autocorrelation of Sakol Energy returns to help us make a trade decision. For example, suppose you find that Sakol Energy 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 |
Sakol Energy 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 Sakol Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sakol Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sakol Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Sakol Energy Lagged Returns
When evaluating Sakol Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sakol Energy stock have on its future price. Sakol Energy 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, Sakol Energy autocorrelation shows the relationship between Sakol Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Sakol Energy Public.
Regressed Prices |
| Timeline |
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Sakol Energy financial ratios help investors to determine whether Sakol 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 Sakol with respect to the benefits of owning Sakol Energy security.