WIIK Public (Thailand) Market Value
| WIIK Stock | THB 1.13 0.01 0.89% |
| Symbol | WIIK |
WIIK 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 WIIK 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 WIIK Public.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in WIIK Public on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding WIIK Public or generate 0.0% return on investment in WIIK Public over 30 days. WIIK Public is related to or competes with Gulf Energy, Energy Absolute, WHA Public, Bangkok Expressway, AJ Plast, Kiatnakin Phatra, and RS Public. WIIK Public Company Limited, together with its subsidiaries, manufactures and distributes high density polyethylene pipe... More
WIIK 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 WIIK 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 WIIK Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0103 | |||
| Maximum Drawdown | 12.64 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.83 |
WIIK Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WIIK Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WIIK Public's standard deviation. In reality, there are many statistical measures that can use WIIK Public historical prices to predict the future WIIK Public's volatility.| Risk Adjusted Performance | 0.0686 | |||
| Jensen Alpha | 0.1302 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0097 | |||
| Treynor Ratio | 1.08 |
WIIK Public Backtested Returns
WIIK Public is out of control given 3 months investment horizon. WIIK Public shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 14.48% are justified by taking the suggested risk. Use WIIK Public Downside Deviation of 2.05, risk adjusted performance of 0.0686, and Mean Deviation of 1.27 to evaluate company specific risk that cannot be diversified away. WIIK Public holds a performance score of 8 on a scale of zero to a hundred. The firm maintains a market beta of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WIIK Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding WIIK Public is expected to be smaller as well. Use WIIK Public total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on WIIK Public.
Auto-correlation | -0.59 |
Good reverse predictability
WIIK Public has good reverse predictability. Overlapping area represents the amount of predictability between WIIK Public time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 WIIK Public price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current WIIK Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WIIK Public lagged returns against current returns
Autocorrelation, which is WIIK 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 WIIK Public's stock expected returns. We can calculate the autocorrelation of WIIK Public returns to help us make a trade decision. For example, suppose you find that WIIK 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 |
WIIK 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 WIIK Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WIIK Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WIIK Public stock over time.
Current vs Lagged Prices |
| Timeline |
WIIK Public Lagged Returns
When evaluating WIIK Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WIIK Public stock have on its future price. WIIK 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, WIIK Public autocorrelation shows the relationship between WIIK Public stock current value and its past values and can show if there is a momentum factor associated with investing in WIIK Public.
Regressed Prices |
| Timeline |
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WIIK Public financial ratios help investors to determine whether WIIK 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 WIIK with respect to the benefits of owning WIIK Public security.