S Khonkaen (Thailand) Market Value
| SORKON Stock | THB 4.30 0.02 0.47% |
| Symbol | SORKON |
S Khonkaen '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 S Khonkaen'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 S Khonkaen.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in S Khonkaen on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding S Khonkaen Foods or generate 0.0% return on investment in S Khonkaen over 30 days. S Khonkaen is related to or competes with GFPT Public, Dynasty Ceramic, Haad Thip, Erawan, Jay Mart, Airports, and Eastern Technical. Khonkaen Foods Public Company Limited, together with its subsidiaries, manufactures and distributes processed food produ... More
S Khonkaen 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 S Khonkaen'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 S Khonkaen Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.38 |
S Khonkaen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for S Khonkaen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as S Khonkaen's standard deviation. In reality, there are many statistical measures that can use S Khonkaen historical prices to predict the future S Khonkaen's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.5395 |
S Khonkaen Foods Backtested Returns
S Khonkaen Foods owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0821, which indicates the company had a -0.0821% return per unit of volatility over the last 3 months. S Khonkaen Foods exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate S Khonkaen's Standard Deviation of 0.7542, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 0.5495 to confirm the risk estimate we provide. The firm has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning S Khonkaen are expected to decrease at a much lower rate. During the bear market, S Khonkaen is likely to outperform the market. At this point, S Khonkaen Foods has a negative expected return of -0.0575%. Please make sure to validate S Khonkaen's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if S Khonkaen Foods performance from the past will be repeated sooner or later.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
S Khonkaen Foods has almost perfect reverse predictability. Overlapping area represents the amount of predictability between S Khonkaen time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 S Khonkaen Foods price movement. The serial correlation of -0.8 indicates that around 80.0% of current S Khonkaen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
S Khonkaen Foods lagged returns against current returns
Autocorrelation, which is S Khonkaen 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 S Khonkaen's stock expected returns. We can calculate the autocorrelation of S Khonkaen returns to help us make a trade decision. For example, suppose you find that S Khonkaen 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 |
S Khonkaen 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 S Khonkaen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if S Khonkaen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in S Khonkaen stock over time.
Current vs Lagged Prices |
| Timeline |
S Khonkaen Lagged Returns
When evaluating S Khonkaen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of S Khonkaen stock have on its future price. S Khonkaen 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, S Khonkaen autocorrelation shows the relationship between S Khonkaen stock current value and its past values and can show if there is a momentum factor associated with investing in S Khonkaen Foods.
Regressed Prices |
| Timeline |
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S Khonkaen financial ratios help investors to determine whether SORKON 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 SORKON with respect to the benefits of owning S Khonkaen security.