Synergetic Auto (Thailand) Market Value
| ASAP Stock | THB 3.06 0.04 1.32% |
| Symbol | Synergetic |
Synergetic Auto '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 Synergetic Auto'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 Synergetic Auto.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Synergetic Auto on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Synergetic Auto Performance or generate 0.0% return on investment in Synergetic Auto over 30 days. Synergetic Auto is related to or competes with Beauty Community, Asia Aviation, CK Power, and Jasmine International. Synergetic Auto Performance Public Company Limited provides car rental services in Thailand More
Synergetic Auto 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 Synergetic Auto'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 Synergetic Auto Performance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.85 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 3.29 |
Synergetic Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synergetic Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synergetic Auto's standard deviation. In reality, there are many statistical measures that can use Synergetic Auto historical prices to predict the future Synergetic Auto's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (4.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Synergetic Auto's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Synergetic Auto Perf Backtested Returns
Synergetic Auto Perf owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0578, which indicates the firm had a -0.0578% return per unit of risk over the last 3 months. Synergetic Auto Performance exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synergetic Auto's Risk Adjusted Performance of (0.05), coefficient of variation of (1,025), and Variance of 5.43 to confirm the risk estimate we provide. The entity has a beta of 0.051, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Synergetic Auto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Synergetic Auto is expected to be smaller as well. Synergetic Auto Perf has an expected return of -0.13%. Please make sure to validate Synergetic Auto treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Synergetic Auto Perf performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.9 |
Excellent reverse predictability
Synergetic Auto Performance has excellent reverse predictability. Overlapping area represents the amount of predictability between Synergetic Auto time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 Synergetic Auto Perf price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Synergetic Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Synergetic Auto Perf lagged returns against current returns
Autocorrelation, which is Synergetic Auto 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 Synergetic Auto's stock expected returns. We can calculate the autocorrelation of Synergetic Auto returns to help us make a trade decision. For example, suppose you find that Synergetic Auto 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 |
Synergetic Auto 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 Synergetic Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synergetic Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synergetic Auto stock over time.
Current vs Lagged Prices |
| Timeline |
Synergetic Auto Lagged Returns
When evaluating Synergetic Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synergetic Auto stock have on its future price. Synergetic Auto 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, Synergetic Auto autocorrelation shows the relationship between Synergetic Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Synergetic Auto Performance.
Regressed Prices |
| Timeline |
Pair Trading with Synergetic Auto
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Synergetic Auto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Synergetic Auto will appreciate offsetting losses from the drop in the long position's value.Moving against Synergetic Stock
| 0.69 | SCB | SCB X Public | PairCorr |
| 0.67 | PTT | PTT Public | PairCorr |
The ability to find closely correlated positions to Synergetic Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synergetic Auto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Synergetic Auto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Synergetic Auto Performance to buy it.
The correlation of Synergetic Auto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Synergetic Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synergetic Auto Perf moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Synergetic Auto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Synergetic Auto Correlation, Synergetic Auto Volatility and Synergetic Auto Alpha and Beta module to complement your research on Synergetic Auto. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Synergetic Stock analysis
When running Synergetic Auto's price analysis, check to measure Synergetic Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Synergetic Auto is operating at the current time. Most of Synergetic Auto's value examination focuses on studying past and present price action to predict the probability of Synergetic Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synergetic Auto's price. Additionally, you may evaluate how the addition of Synergetic Auto to your portfolios can decrease your overall portfolio volatility.
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Synergetic Auto technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.