Workpoint Entertainment (Thailand) Market Value
| WORK Stock | THB 8.05 0.05 0.63% |
| Symbol | Workpoint |
Workpoint 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 Workpoint 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 Workpoint Entertainment.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Workpoint Entertainment on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Workpoint Entertainment Public or generate 0.0% return on investment in Workpoint Entertainment over 30 days. Workpoint Entertainment is related to or competes with BEC World, Beauty Community, Major Cineplex, True Public, and VGI Public. Workpoint Entertainment Public Company Limited, through its subsidiaries, operates as an entertainment company in Thaila... More
Workpoint 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 Workpoint 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 Workpoint Entertainment Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 8.04 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.73 |
Workpoint Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Workpoint Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workpoint Entertainment's standard deviation. In reality, there are many statistical measures that can use Workpoint Entertainment historical prices to predict the future Workpoint Entertainment's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 2.72 |
Workpoint Entertainment Backtested Returns
Workpoint Entertainment is out of control given 3 months investment horizon. Workpoint Entertainment 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-four different technical indicators, which can help you to evaluate if expected returns of 14.0% are justified by taking the suggested risk. Use Workpoint Entertainment Public Market Risk Adjusted Performance of 2.73, mean deviation of 0.8998, and Standard Deviation of 1.33 to evaluate company specific risk that cannot be diversified away. Workpoint Entertainment holds a performance score of 8 on a scale of zero to a hundred. The firm maintains a market beta of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Workpoint Entertainment are expected to decrease at a much lower rate. During the bear market, Workpoint Entertainment is likely to outperform the market. Use Workpoint Entertainment Public kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to analyze future returns on Workpoint Entertainment Public.
Auto-correlation | -0.07 |
Very weak reverse predictability
Workpoint Entertainment Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Workpoint Entertainment time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Workpoint Entertainment price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Workpoint Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Workpoint Entertainment lagged returns against current returns
Autocorrelation, which is Workpoint 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 Workpoint Entertainment's stock expected returns. We can calculate the autocorrelation of Workpoint Entertainment returns to help us make a trade decision. For example, suppose you find that Workpoint 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 |
Workpoint 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 Workpoint Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workpoint Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workpoint Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Workpoint Entertainment Lagged Returns
When evaluating Workpoint Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workpoint Entertainment stock have on its future price. Workpoint 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, Workpoint Entertainment autocorrelation shows the relationship between Workpoint Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Workpoint Entertainment Public.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Workpoint Stock
Workpoint Entertainment financial ratios help investors to determine whether Workpoint 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 Workpoint with respect to the benefits of owning Workpoint Entertainment security.