Yong Concrete (Thailand) Market Value
| YONG Stock | 1.23 0.01 0.82% |
| Symbol | Yong |
Yong Concrete '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 Yong Concrete'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 Yong Concrete.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Yong Concrete on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Yong Concrete PCL or generate 0.0% return on investment in Yong Concrete over 30 days. Yong Concrete is related to or competes with Wave Entertainment, Vibhavadi Medical, TPI Polene, Asia Green, and Aqua Public. More
Yong Concrete 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 Yong Concrete'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 Yong Concrete PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 18.28 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 2.05 |
Yong Concrete Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yong Concrete's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yong Concrete's standard deviation. In reality, there are many statistical measures that can use Yong Concrete historical prices to predict the future Yong Concrete's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 1.07 |
Yong Concrete PCL Backtested Returns
Yong Concrete PCL 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. Yong Concrete PCL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yong Concrete's Standard Deviation of 2.27, mean deviation of 1.43, and Market Risk Adjusted Performance of 1.08 to validate the risk estimate we provide. The firm maintains a market beta of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yong Concrete are expected to decrease at a much lower rate. During the bear market, Yong Concrete is likely to outperform the market. At this point, Yong Concrete PCL has a negative expected return of -0.26%. Please make sure to check out Yong Concrete's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Yong Concrete PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Yong Concrete PCL has insignificant predictability. Overlapping area represents the amount of predictability between Yong Concrete time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Yong Concrete PCL price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Yong Concrete price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yong Concrete PCL lagged returns against current returns
Autocorrelation, which is Yong Concrete 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 Yong Concrete's stock expected returns. We can calculate the autocorrelation of Yong Concrete returns to help us make a trade decision. For example, suppose you find that Yong Concrete 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 |
Yong Concrete 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 Yong Concrete stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yong Concrete stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yong Concrete stock over time.
Current vs Lagged Prices |
| Timeline |
Yong Concrete Lagged Returns
When evaluating Yong Concrete's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yong Concrete stock have on its future price. Yong Concrete 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, Yong Concrete autocorrelation shows the relationship between Yong Concrete stock current value and its past values and can show if there is a momentum factor associated with investing in Yong Concrete PCL.
Regressed Prices |
| Timeline |
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Yong Concrete financial ratios help investors to determine whether Yong 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 Yong with respect to the benefits of owning Yong Concrete security.