Synnex Public (Thailand) Market Value
| SYNEX Stock | THB 15.50 0.30 1.90% |
| Symbol | Synnex |
Synnex 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 Synnex 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 Synnex Public.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Synnex Public on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Synnex Public or generate 0.0% return on investment in Synnex Public over 30 days. Synnex Public is related to or competes with Com7 PCL, Jay Mart, SiS Distribution, KCE Electronics, and Hana Microelectronics. Synnex Public Company Limited engages in the distribution of computers, IT systems, and communication devices in Thailan... More
Synnex 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 Synnex 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 Synnex Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.0109 | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.92 |
Synnex Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synnex Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synnex Public's standard deviation. In reality, there are many statistical measures that can use Synnex Public historical prices to predict the future Synnex Public's volatility.| Risk Adjusted Performance | 0.062 | |||
| Jensen Alpha | 0.1845 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0111 | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Synnex Public's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Synnex Public Backtested Returns
At this point, Synnex Public is not too volatile. Synnex Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0607, which indicates the firm had a 0.0607% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Synnex Public, which you can use to evaluate the volatility of the company. Please validate Synnex Public's Semi Deviation of 1.75, risk adjusted performance of 0.062, and Coefficient Of Variation of 1371.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Synnex Public has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Synnex Public are expected to decrease at a much lower rate. During the bear market, Synnex Public is likely to outperform the market. Synnex Public right now has a risk of 2.14%. Please validate Synnex Public potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Synnex Public will be following its existing price patterns.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Synnex Public has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Synnex Public 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 Synnex Public price movement. The serial correlation of -0.77 indicates that around 77.0% of current Synnex Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Synnex Public lagged returns against current returns
Autocorrelation, which is Synnex 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 Synnex Public's stock expected returns. We can calculate the autocorrelation of Synnex Public returns to help us make a trade decision. For example, suppose you find that Synnex 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 |
Synnex 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 Synnex Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synnex Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synnex Public stock over time.
Current vs Lagged Prices |
| Timeline |
Synnex Public Lagged Returns
When evaluating Synnex Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synnex Public stock have on its future price. Synnex 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, Synnex Public autocorrelation shows the relationship between Synnex Public stock current value and its past values and can show if there is a momentum factor associated with investing in Synnex Public.
Regressed Prices |
| Timeline |
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Synnex Public financial ratios help investors to determine whether Synnex 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 Synnex with respect to the benefits of owning Synnex Public security.