Well Graded (Thailand) Market Value
| WGE Stock | THB 0.70 0.01 1.45% |
| Symbol | Well |
Well Graded '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 Well Graded'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 Well Graded.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Well Graded on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Well Graded Engineering or generate 0.0% return on investment in Well Graded over 420 days. Well Graded is related to or competes with Sabuy Technology, Takuni Group, Ngern Tid, and SVI Public. Well Graded Engineering Public Company Limited operates as a construction contractor in Thailand More
Well Graded 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 Well Graded'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 Well Graded Engineering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 17.93 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.28 |
Well Graded Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Well Graded's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Well Graded's standard deviation. In reality, there are many statistical measures that can use Well Graded historical prices to predict the future Well Graded's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | 0.032 | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.0962 |
Well Graded Engineering Backtested Returns
Well Graded Engineering shows Sharpe Ratio of -0.0714, which attests that the company had a -0.0714% return per unit of risk over the last 3 months. Well Graded Engineering exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Well Graded's Mean Deviation of 1.8, standard deviation of 2.87, and Market Risk Adjusted Performance of 0.1062 to validate the risk estimate we provide. The firm maintains a market beta of -1.77, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Well Graded are expected to decrease by larger amounts. On the other hand, during market turmoil, Well Graded is expected to outperform it. At this point, Well Graded Engineering has a negative expected return of -0.21%. Please make sure to check out Well Graded's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Well Graded Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Well Graded Engineering has average predictability. Overlapping area represents the amount of predictability between Well Graded time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 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 Well Graded Engineering price movement. The serial correlation of 0.48 indicates that about 48.0% of current Well Graded price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Well Graded Engineering lagged returns against current returns
Autocorrelation, which is Well Graded 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 Well Graded's stock expected returns. We can calculate the autocorrelation of Well Graded returns to help us make a trade decision. For example, suppose you find that Well Graded 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 |
Well Graded 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 Well Graded stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Well Graded stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Well Graded stock over time.
Current vs Lagged Prices |
| Timeline |
Well Graded Lagged Returns
When evaluating Well Graded's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Well Graded stock have on its future price. Well Graded 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, Well Graded autocorrelation shows the relationship between Well Graded stock current value and its past values and can show if there is a momentum factor associated with investing in Well Graded Engineering.
Regressed Prices |
| Timeline |
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Well Graded financial ratios help investors to determine whether Well 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 Well with respect to the benefits of owning Well Graded security.