Sky ICT (Thailand) Market Value
| SKY Stock | THB 24.30 0.60 2.41% |
| Symbol | Sky |
Sky ICT '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 Sky ICT'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 Sky ICT.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Sky ICT on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Sky ICT Public or generate 0.0% return on investment in Sky ICT over 720 days. Sky ICT is related to or competes with Forth Public, Delta Electronics, MFEC PCL, Hana Microelectronics, and Interlink Telecom. Sky ICT Public Company Limited, together with its subsidiary, engages in information and communication technology, and s... More
Sky ICT 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 Sky ICT'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 Sky ICT Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.83 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 4.7 |
Sky ICT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sky ICT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sky ICT's standard deviation. In reality, there are many statistical measures that can use Sky ICT historical prices to predict the future Sky ICT's volatility.| Risk Adjusted Performance | 0.0034 | |||
| Jensen Alpha | (0.0004) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.1297 |
Sky ICT Public Backtested Returns
Sky ICT is out of control given 3 months investment horizon. Sky ICT 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 have analyzed and interpolated twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.14% are justified by taking the suggested risk. Use Sky ICT Public Risk Adjusted Performance of 0.0034, coefficient of variation of (19,683), and Variance of 8.03 to evaluate company specific risk that cannot be diversified away. Sky ICT holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sky ICT are expected to decrease at a much lower rate. During the bear market, Sky ICT is likely to outperform the market. Use Sky ICT Public accumulation distribution, day typical price, relative strength index, as well as the relationship between the rate of daily change and price action indicator , to analyze future returns on Sky ICT Public.
Auto-correlation | -0.34 |
Poor reverse predictability
Sky ICT Public has poor reverse predictability. Overlapping area represents the amount of predictability between Sky ICT time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Sky ICT Public price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Sky ICT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 13.46 |
Sky ICT Public lagged returns against current returns
Autocorrelation, which is Sky ICT 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 Sky ICT's stock expected returns. We can calculate the autocorrelation of Sky ICT returns to help us make a trade decision. For example, suppose you find that Sky ICT 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 |
Sky ICT 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 Sky ICT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sky ICT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sky ICT stock over time.
Current vs Lagged Prices |
| Timeline |
Sky ICT Lagged Returns
When evaluating Sky ICT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sky ICT stock have on its future price. Sky ICT 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, Sky ICT autocorrelation shows the relationship between Sky ICT stock current value and its past values and can show if there is a momentum factor associated with investing in Sky ICT Public.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Sky Stock
Sky ICT financial ratios help investors to determine whether Sky 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 Sky with respect to the benefits of owning Sky ICT security.