Sikarin Public (Thailand) Market Value
| SKR Stock | THB 9.40 0.05 0.53% |
| Symbol | Sikarin |
Sikarin Public '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 Sikarin Public'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 Sikarin Public.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Sikarin Public on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sikarin Public or generate 0.0% return on investment in Sikarin Public over 30 days. Sikarin Public is related to or competes with Principal Capital, Ramkhamhaeng Hospital, Nonthavej Hospital, Ekachai Medical, and Ladprao General. Sikarin Public Company Limited, together with its subsidiaries, operates hospitals in Thailand More
Sikarin Public 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 Sikarin Public'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 Sikarin Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9736 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.08 |
Sikarin Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sikarin Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sikarin Public's standard deviation. In reality, there are many statistical measures that can use Sikarin Public historical prices to predict the future Sikarin Public's volatility.| Risk Adjusted Performance | 0.0177 | |||
| Jensen Alpha | 0.0061 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 1.01 |
Sikarin Public Backtested Returns
As of now, Sikarin Stock is very steady. Sikarin Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0376, which indicates the firm had a 0.0376% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sikarin Public, which you can use to evaluate the volatility of the company. Please validate Sikarin Public's Semi Deviation of 0.5654, coefficient of variation of 4109.31, and Risk Adjusted Performance of 0.0177 to confirm if the risk estimate we provide is consistent with the expected return of 0.0262%. Sikarin Public has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.0069, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sikarin Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sikarin Public is expected to be smaller as well. Sikarin Public right now has a risk of 0.7%. Please validate Sikarin Public jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Sikarin Public will be following its existing price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Sikarin Public has very good reverse predictability. Overlapping area represents the amount of predictability between Sikarin Public time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Sikarin Public price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Sikarin Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sikarin Public lagged returns against current returns
Autocorrelation, which is Sikarin Public 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 Sikarin Public's stock expected returns. We can calculate the autocorrelation of Sikarin Public returns to help us make a trade decision. For example, suppose you find that Sikarin Public 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 |
Sikarin Public 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 Sikarin Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sikarin Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sikarin Public stock over time.
Current vs Lagged Prices |
| Timeline |
Sikarin Public Lagged Returns
When evaluating Sikarin Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sikarin Public stock have on its future price. Sikarin Public 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, Sikarin Public autocorrelation shows the relationship between Sikarin Public stock current value and its past values and can show if there is a momentum factor associated with investing in Sikarin Public.
Regressed Prices |
| Timeline |
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Sikarin Public financial ratios help investors to determine whether Sikarin 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 Sikarin with respect to the benefits of owning Sikarin Public security.