Saha Pathana (Thailand) Market Value
| SPI Stock | THB 63.00 0.20 0.32% |
| Symbol | Saha |
Saha Pathana '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 Saha Pathana'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 Saha Pathana.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Saha Pathana on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Saha Pathana Inter Holding or generate 0.0% return on investment in Saha Pathana over 30 days. Saha Pathana is related to or competes with Eastern Star, Ananda Development, Better World, and Dcon Products. Saha Pathana Inter-Holding Public Company Limited, together with its subsidiary, engages in the investment, rental and s... More
Saha Pathana 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 Saha Pathana'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 Saha Pathana Inter Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.33 |
Saha Pathana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saha Pathana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saha Pathana's standard deviation. In reality, there are many statistical measures that can use Saha Pathana historical prices to predict the future Saha Pathana's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (1.78) |
Saha Pathana Inter Backtested Returns
Saha Pathana Inter owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0594, which indicates the firm had a -0.0594% return per unit of risk over the last 3 months. Saha Pathana Inter Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saha Pathana's Variance of 2.24, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,840) to confirm the risk estimate we provide. The entity has a beta of 0.023, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Saha Pathana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saha Pathana is expected to be smaller as well. At this point, Saha Pathana Inter has a negative expected return of -0.0925%. Please make sure to validate Saha Pathana's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Saha Pathana Inter performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Saha Pathana Inter Holding has good predictability. Overlapping area represents the amount of predictability between Saha Pathana time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Saha Pathana Inter price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Saha Pathana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.64 |
Saha Pathana Inter lagged returns against current returns
Autocorrelation, which is Saha Pathana 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 Saha Pathana's stock expected returns. We can calculate the autocorrelation of Saha Pathana returns to help us make a trade decision. For example, suppose you find that Saha Pathana 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 |
Saha Pathana 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 Saha Pathana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saha Pathana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saha Pathana stock over time.
Current vs Lagged Prices |
| Timeline |
Saha Pathana Lagged Returns
When evaluating Saha Pathana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saha Pathana stock have on its future price. Saha Pathana 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, Saha Pathana autocorrelation shows the relationship between Saha Pathana stock current value and its past values and can show if there is a momentum factor associated with investing in Saha Pathana Inter Holding.
Regressed Prices |
| Timeline |
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Saha Pathana financial ratios help investors to determine whether Saha 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 Saha with respect to the benefits of owning Saha Pathana security.