SKijchai Enterprise (Thailand) Market Value
| SKN Stock | THB 5.15 0.05 0.98% |
| Symbol | SKijchai |
SKijchai Enterprise '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 SKijchai Enterprise'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 SKijchai Enterprise.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in SKijchai Enterprise on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding SKijchai Enterprise Public or generate 0.0% return on investment in SKijchai Enterprise over 30 days. SKijchai Enterprise is related to or competes with Sahamitr Pressure, Diamond Building, Regional Container, Lalin Property, and Rajthanee Hospital. S.Kijchai Enterprise Public Company Limited manufactures and distributes medium density fiber boards in Thailand More
SKijchai Enterprise 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 SKijchai Enterprise'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 SKijchai Enterprise Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.87 |
SKijchai Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKijchai Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SKijchai Enterprise's standard deviation. In reality, there are many statistical measures that can use SKijchai Enterprise historical prices to predict the future SKijchai Enterprise's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.94) |
SKijchai Enterprise Backtested Returns
SKijchai Enterprise is out of control given 3 months investment horizon. SKijchai Enterprise 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-four different technical indicators, which can help you to evaluate if expected returns of 13.89% are justified by taking the suggested risk. Use SKijchai Enterprise Coefficient Of Variation of (1,067), risk adjusted performance of (0.07), and Variance of 2.32 to evaluate company specific risk that cannot be diversified away. SKijchai Enterprise holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SKijchai Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding SKijchai Enterprise is expected to be smaller as well. Use SKijchai Enterprise maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on SKijchai Enterprise.
Auto-correlation | -0.83 |
Excellent reverse predictability
SKijchai Enterprise Public has excellent reverse predictability. Overlapping area represents the amount of predictability between SKijchai Enterprise time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 SKijchai Enterprise price movement. The serial correlation of -0.83 indicates that around 83.0% of current SKijchai Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
SKijchai Enterprise lagged returns against current returns
Autocorrelation, which is SKijchai Enterprise 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 SKijchai Enterprise's stock expected returns. We can calculate the autocorrelation of SKijchai Enterprise returns to help us make a trade decision. For example, suppose you find that SKijchai Enterprise 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 |
SKijchai Enterprise 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 SKijchai Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SKijchai Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SKijchai Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
SKijchai Enterprise Lagged Returns
When evaluating SKijchai Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SKijchai Enterprise stock have on its future price. SKijchai Enterprise 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, SKijchai Enterprise autocorrelation shows the relationship between SKijchai Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in SKijchai Enterprise Public.
Regressed Prices |
| Timeline |
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SKijchai Enterprise financial ratios help investors to determine whether SKijchai 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 SKijchai with respect to the benefits of owning SKijchai Enterprise security.