Solartron Public (Thailand) Market Value
| SOLAR Stock | THB 0.48 0.02 4.00% |
| Symbol | Solartron |
Solartron 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 Solartron 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 Solartron Public.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Solartron Public on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Solartron Public or generate 0.0% return on investment in Solartron Public over 90 days. Solartron Public is related to or competes with MCS Steel, Asia Plus, Lalin Property, Lam Soon, and KGI Securities. Solartron Public Company Limited, together with its subsidiaries, manufactures, distributes, sells, and installs solar-c... More
Solartron 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 Solartron 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 Solartron Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 16.79 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 4.17 |
Solartron Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solartron Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solartron Public's standard deviation. In reality, there are many statistical measures that can use Solartron Public historical prices to predict the future Solartron Public's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 1.59 |
Solartron Public Backtested Returns
Solartron Public is out of control given 3 months investment horizon. Solartron 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 twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.36% are justified by taking the suggested risk. Use Solartron Public Risk Adjusted Performance of (0.04), coefficient of variation of (1,816), and Variance of 6.94 to evaluate company specific risk that cannot be diversified away. Solartron Public holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.0978, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Solartron Public are expected to decrease at a much lower rate. During the bear market, Solartron Public is likely to outperform the market. Use Solartron Public skewness, as well as the relationship between the day median price and relative strength index , to analyze future returns on Solartron Public.
Auto-correlation | -0.3 |
Weak reverse predictability
Solartron Public has weak reverse predictability. Overlapping area represents the amount of predictability between Solartron Public time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 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 Solartron Public price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Solartron Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Solartron Public lagged returns against current returns
Autocorrelation, which is Solartron 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 Solartron Public's stock expected returns. We can calculate the autocorrelation of Solartron Public returns to help us make a trade decision. For example, suppose you find that Solartron 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 |
Solartron 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 Solartron Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solartron Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solartron Public stock over time.
Current vs Lagged Prices |
| Timeline |
Solartron Public Lagged Returns
When evaluating Solartron Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solartron Public stock have on its future price. Solartron 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, Solartron Public autocorrelation shows the relationship between Solartron Public stock current value and its past values and can show if there is a momentum factor associated with investing in Solartron Public.
Regressed Prices |
| Timeline |
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Solartron Public financial ratios help investors to determine whether Solartron 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 Solartron with respect to the benefits of owning Solartron Public security.