SPCG Public (Thailand) Market Value
| SPCG Stock | THB 8.50 0.10 1.16% |
| Symbol | SPCG |
SPCG 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 SPCG 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 SPCG Public.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in SPCG Public on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding SPCG Public or generate 0.0% return on investment in SPCG Public over 180 days. SPCG Public is related to or competes with BCPG Public, TPI Polene, BTS Group, Energy Absolute, and Ratch Group. SPCG Public Company Limited produces and distributes electricity from solar energy in Thailand and internationally More
SPCG 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 SPCG 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 SPCG Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.61 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.45 |
SPCG Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPCG Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPCG Public's standard deviation. In reality, there are many statistical measures that can use SPCG Public historical prices to predict the future SPCG Public's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (1.38) |
SPCG Public Backtested Returns
As of now, SPCG Stock is not too volatile. SPCG Public retains Efficiency (Sharpe Ratio) of 0.0209, which indicates the firm had a 0.0209% return per unit of volatility over the last 3 months. We have found twenty-three technical indicators for SPCG Public, which you can use to evaluate the volatility of the company. Please validate SPCG Public's risk adjusted performance of (0.02), and Standard Deviation of 1.33 to confirm if the risk estimate we provide is consistent with the expected return of 0.0264%. SPCG Public has a performance score of 1 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.0324, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPCG Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPCG Public is expected to be smaller as well. SPCG Public currently owns a risk of 1.26%. Please validate SPCG Public standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if SPCG Public will be following its current price history.
Auto-correlation | -0.38 |
Poor reverse predictability
SPCG Public has poor reverse predictability. Overlapping area represents the amount of predictability between SPCG Public time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 SPCG Public price movement. The serial correlation of -0.38 indicates that just about 38.0% of current SPCG Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
SPCG Public lagged returns against current returns
Autocorrelation, which is SPCG 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 SPCG Public's stock expected returns. We can calculate the autocorrelation of SPCG Public returns to help us make a trade decision. For example, suppose you find that SPCG 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 |
SPCG 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 SPCG Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPCG Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPCG Public stock over time.
Current vs Lagged Prices |
| Timeline |
SPCG Public Lagged Returns
When evaluating SPCG Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPCG Public stock have on its future price. SPCG 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, SPCG Public autocorrelation shows the relationship between SPCG Public stock current value and its past values and can show if there is a momentum factor associated with investing in SPCG Public.
Regressed Prices |
| Timeline |
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SPCG Public financial ratios help investors to determine whether SPCG 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 SPCG with respect to the benefits of owning SPCG Public security.