Sri Trang (Thailand) Market Value
| STA Stock | THB 17.60 0.30 1.68% |
| Symbol | Sri |
Sri Trang '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 Sri Trang'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 Sri Trang.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sri Trang on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sri Trang Agro Industry or generate 0.0% return on investment in Sri Trang over 30 days. Sri Trang is related to or competes with Sri Trang, Charoen Pokphand, Thai Union, Siam Cement, and PTT Exploration. Sri Trang Agro-Industry Public Company Limited manufactures and distributes natural rubber products in Thailand, Indones... More
Sri Trang 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 Sri Trang'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 Sri Trang Agro Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.73 | |||
| Value At Risk | (4.93) | |||
| Potential Upside | 3.73 |
Sri Trang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sri Trang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sri Trang's standard deviation. In reality, there are many statistical measures that can use Sri Trang historical prices to predict the future Sri Trang's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.71) |
Sri Trang Agro Backtested Returns
Sri Trang Agro 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. Sri Trang Agro Industry exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sri Trang's Coefficient Of Variation of (1,068), variance of 8.21, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sri Trang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sri Trang is expected to be smaller as well. At this point, Sri Trang Agro has a negative expected return of -0.3%. Please make sure to validate Sri Trang's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Sri Trang Agro performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Sri Trang Agro Industry has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sri Trang time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Sri Trang Agro price movement. The serial correlation of -0.19 indicates that over 19.0% of current Sri Trang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Sri Trang Agro lagged returns against current returns
Autocorrelation, which is Sri Trang 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 Sri Trang's stock expected returns. We can calculate the autocorrelation of Sri Trang returns to help us make a trade decision. For example, suppose you find that Sri Trang 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 |
Sri Trang 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 Sri Trang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sri Trang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sri Trang stock over time.
Current vs Lagged Prices |
| Timeline |
Sri Trang Lagged Returns
When evaluating Sri Trang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sri Trang stock have on its future price. Sri Trang 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, Sri Trang autocorrelation shows the relationship between Sri Trang stock current value and its past values and can show if there is a momentum factor associated with investing in Sri Trang Agro Industry.
Regressed Prices |
| Timeline |
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Sri Trang financial ratios help investors to determine whether Sri 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 Sri with respect to the benefits of owning Sri Trang security.