Wave Entertainment (Thailand) Market Value
| WAVE Stock | THB 0.11 0.01 8.33% |
| Symbol | Wave |
Wave Entertainment '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 Wave Entertainment'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 Wave Entertainment.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Wave Entertainment on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Wave Entertainment Public or generate 0.0% return on investment in Wave Entertainment over 540 days. Wave Entertainment is related to or competes with Vibhavadi Medical, VGI Public, Aqua Public, and WIIK Public. Wave Entertainment Public Company Limited, together with its subsidiaries, engages in the production and distribution of... More
Wave Entertainment 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 Wave Entertainment'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 Wave Entertainment Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.72 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 8.33 |
Wave Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wave Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wave Entertainment's standard deviation. In reality, there are many statistical measures that can use Wave Entertainment historical prices to predict the future Wave Entertainment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.91) |
Wave Entertainment Public Backtested Returns
Wave Entertainment is out of control given 3 months investment horizon. Wave Entertainment Public shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.52% are justified by taking the suggested risk. Use Wave Entertainment Public Standard Deviation of 5.29, mean deviation of 3.37, and Market Risk Adjusted Performance of (0.90) to evaluate company specific risk that cannot be diversified away. Wave Entertainment holds a performance score of 8 on a scale of zero to a hundred. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wave Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wave Entertainment is expected to be smaller as well. Use Wave Entertainment Public accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to analyze future returns on Wave Entertainment Public.
Auto-correlation | 0.07 |
Virtually no predictability
Wave Entertainment Public has virtually no predictability. Overlapping area represents the amount of predictability between Wave Entertainment time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Wave Entertainment Public price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Wave Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wave Entertainment Public lagged returns against current returns
Autocorrelation, which is Wave Entertainment 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 Wave Entertainment's stock expected returns. We can calculate the autocorrelation of Wave Entertainment returns to help us make a trade decision. For example, suppose you find that Wave Entertainment 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 |
Wave Entertainment 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 Wave Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wave Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wave Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Wave Entertainment Lagged Returns
When evaluating Wave Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wave Entertainment stock have on its future price. Wave Entertainment 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, Wave Entertainment autocorrelation shows the relationship between Wave Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Wave Entertainment Public.
Regressed Prices |
| Timeline |
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Wave Entertainment financial ratios help investors to determine whether Wave 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 Wave with respect to the benefits of owning Wave Entertainment security.