Yggdrazil Group (Thailand) Market Value
| YGG Stock | THB 0.57 0.01 1.72% |
| Symbol | Yggdrazil |
Yggdrazil Group '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 Yggdrazil Group'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 Yggdrazil Group.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Yggdrazil Group on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Yggdrazil Group Public or generate 0.0% return on investment in Yggdrazil Group over 30 days. Yggdrazil Group is related to or competes with ONE Enterprise, Major Cineplex, and . Yggdrazil Group Public Company Limited provides visual effect, animation, and VR studio services More
Yggdrazil Group 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 Yggdrazil Group'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 Yggdrazil Group Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 31.76 | |||
| Value At Risk | (7.96) | |||
| Potential Upside | 9.64 |
Yggdrazil Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yggdrazil Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yggdrazil Group's standard deviation. In reality, there are many statistical measures that can use Yggdrazil Group historical prices to predict the future Yggdrazil Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.10) | |||
| Treynor Ratio | 2.34 |
Yggdrazil Group Public Backtested Returns
Yggdrazil Group Public shows Sharpe Ratio of -0.21, which attests that the company had a -0.21% return per unit of risk over the last 3 months. Yggdrazil Group Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yggdrazil Group's Mean Deviation of 3.67, market risk adjusted performance of 2.35, and Standard Deviation of 5.2 to validate the risk estimate we provide. The firm maintains a market beta of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yggdrazil Group are expected to decrease at a much lower rate. During the bear market, Yggdrazil Group is likely to outperform the market. At this point, Yggdrazil Group Public has a negative expected return of -0.96%. Please make sure to check out Yggdrazil Group's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Yggdrazil Group Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Yggdrazil Group Public has modest predictability. Overlapping area represents the amount of predictability between Yggdrazil Group time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Yggdrazil Group Public price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Yggdrazil Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yggdrazil Group Public lagged returns against current returns
Autocorrelation, which is Yggdrazil Group 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 Yggdrazil Group's stock expected returns. We can calculate the autocorrelation of Yggdrazil Group returns to help us make a trade decision. For example, suppose you find that Yggdrazil Group 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 |
Yggdrazil Group 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 Yggdrazil Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yggdrazil Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yggdrazil Group stock over time.
Current vs Lagged Prices |
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Yggdrazil Group Lagged Returns
When evaluating Yggdrazil Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yggdrazil Group stock have on its future price. Yggdrazil Group 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, Yggdrazil Group autocorrelation shows the relationship between Yggdrazil Group stock current value and its past values and can show if there is a momentum factor associated with investing in Yggdrazil Group Public.
Regressed Prices |
| Timeline |
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Yggdrazil Group financial ratios help investors to determine whether Yggdrazil 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 Yggdrazil with respect to the benefits of owning Yggdrazil Group security.