Sonic Interfreight (Thailand) Market Value
| SONIC Stock | THB 1.68 0.01 0.60% |
| Symbol | Sonic |
Sonic Interfreight '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 Sonic Interfreight'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 Sonic Interfreight.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sonic Interfreight on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Sonic Interfreight Public or generate 0.0% return on investment in Sonic Interfreight over 90 days. Sonic Interfreight is related to or competes with Kerry Express, Triple I, and WICE Logistics. Sonic Interfreight Public Company Limited provides freight forwarding, land transportation, and related logistics servic... More
Sonic Interfreight 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 Sonic Interfreight'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 Sonic Interfreight Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.95 |
Sonic Interfreight Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonic Interfreight's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonic Interfreight's standard deviation. In reality, there are many statistical measures that can use Sonic Interfreight historical prices to predict the future Sonic Interfreight's volatility.| Risk Adjusted Performance | 0.0896 | |||
| Jensen Alpha | 0.1127 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0013 | |||
| Treynor Ratio | 0.9812 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sonic Interfreight's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sonic Interfreight Public Backtested Returns
At this point, Sonic Interfreight is moderately volatile. Sonic Interfreight Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sonic Interfreight Public, which you can use to evaluate the volatility of the company. Please validate Sonic Interfreight's Coefficient Of Variation of 891.69, semi deviation of 1.0, and Risk Adjusted Performance of 0.0896 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Sonic Interfreight has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sonic Interfreight's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sonic Interfreight is expected to be smaller as well. Sonic Interfreight Public right now has a risk of 1.2%. Please validate Sonic Interfreight expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Sonic Interfreight will be following its existing price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Sonic Interfreight Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sonic Interfreight time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 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 Sonic Interfreight Public price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Sonic Interfreight price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sonic Interfreight Public lagged returns against current returns
Autocorrelation, which is Sonic Interfreight 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 Sonic Interfreight's stock expected returns. We can calculate the autocorrelation of Sonic Interfreight returns to help us make a trade decision. For example, suppose you find that Sonic Interfreight 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 |
Sonic Interfreight 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 Sonic Interfreight stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonic Interfreight stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonic Interfreight stock over time.
Current vs Lagged Prices |
| Timeline |
Sonic Interfreight Lagged Returns
When evaluating Sonic Interfreight's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonic Interfreight stock have on its future price. Sonic Interfreight 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, Sonic Interfreight autocorrelation shows the relationship between Sonic Interfreight stock current value and its past values and can show if there is a momentum factor associated with investing in Sonic Interfreight Public.
Regressed Prices |
| Timeline |
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Sonic Interfreight financial ratios help investors to determine whether Sonic 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 Sonic with respect to the benefits of owning Sonic Interfreight security.