SRI TRANG (Thailand) Market Value
| STGT-R Stock | THB 10.20 0.16 1.59% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in SRI TRANG on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding SRI TRANG GLOVES or generate 0.0% return on investment in SRI TRANG over 30 days. SRI TRANG is related to or competes with NCL International, Erawan, Airports, Eastern Technical, Pylon Public, Asian Sea, and Gunkul Engineering. Sri Trang Gloves Public Company Limited, together with its subsidiaries, manufactures and distributes rubber gloves in T... 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 GLOVES upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0859 | |||
| Maximum Drawdown | 34.42 |
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 | 0.0983 | |||
| Jensen Alpha | 0.5156 | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (1.03) |
SRI TRANG GLOVES Backtested Returns
SRI TRANG appears to be slightly risky, given 3 months investment horizon. SRI TRANG GLOVES owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of volatility over the last 3 months. By examining SRI TRANG's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review SRI TRANG's risk adjusted performance of 0.0983, and Variance of 16.03 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SRI TRANG holds a performance score of 11. The entity has a beta of -0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SRI TRANG are expected to decrease at a much lower rate. During the bear market, SRI TRANG is likely to outperform the market. Please check SRI TRANG's total risk alpha, kurtosis, and the relationship between the jensen alpha and skewness , to make a quick decision on whether SRI TRANG's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
SRI TRANG GLOVES has no correlation between past and present. Overlapping area represents the amount of predictability between SRI TRANG time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 SRI TRANG GLOVES price movement. The serial correlation of 0.0 indicates that just 0.0% of current SRI TRANG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 1.72 |
SRI TRANG GLOVES 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 GLOVES.
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.