Bangkok Dec (Thailand) Market Value
| BKD Stock | THB 1.30 0.01 0.76% |
| Symbol | Bangkok |
Bangkok Dec '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 Bangkok Dec'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 Bangkok Dec.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Bangkok Dec on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Bangkok Dec Con Public or generate 0.0% return on investment in Bangkok Dec over 30 days. Bangkok Dec is related to or competes with G Capital, E For, Brooker, Filter Vision, and Chewathai Public. Bangkok Dec-Con Public Company Limited engages in manufacturing, trading, and interior decorating of furniture in Thaila... More
Bangkok Dec 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 Bangkok Dec'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 Bangkok Dec Con Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 12.08 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 1.32 |
Bangkok Dec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bangkok Dec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bangkok Dec's standard deviation. In reality, there are many statistical measures that can use Bangkok Dec historical prices to predict the future Bangkok Dec's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bangkok Dec'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.
Bangkok Dec Con Backtested Returns
Bangkok Dec Con secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. Bangkok Dec Con Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bangkok Dec's Mean Deviation of 0.9665, standard deviation of 1.66, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bangkok Dec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bangkok Dec is expected to be smaller as well. Bangkok Dec Con has an expected return of -0.32%. Please make sure to confirm Bangkok Dec Con total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Bangkok Dec Con performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Bangkok Dec Con Public has very good predictability. Overlapping area represents the amount of predictability between Bangkok Dec 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 Bangkok Dec Con price movement. The serial correlation of 0.8 indicates that around 80.0% of current Bangkok Dec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bangkok Dec Con lagged returns against current returns
Autocorrelation, which is Bangkok Dec 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 Bangkok Dec's stock expected returns. We can calculate the autocorrelation of Bangkok Dec returns to help us make a trade decision. For example, suppose you find that Bangkok Dec 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 |
Bangkok Dec 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 Bangkok Dec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bangkok Dec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bangkok Dec stock over time.
Current vs Lagged Prices |
| Timeline |
Bangkok Dec Lagged Returns
When evaluating Bangkok Dec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bangkok Dec stock have on its future price. Bangkok Dec 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, Bangkok Dec autocorrelation shows the relationship between Bangkok Dec stock current value and its past values and can show if there is a momentum factor associated with investing in Bangkok Dec Con Public.
Regressed Prices |
| Timeline |
Pair Trading with Bangkok Dec
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 Bangkok Dec 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 Bangkok Dec will appreciate offsetting losses from the drop in the long position's value.Moving together with Bangkok Stock
| 0.89 | ECF | East Coast Furnitech | PairCorr |
| 0.75 | KOOL | Masterkool International | PairCorr |
Moving against Bangkok Stock
| 0.57 | SUN | Sunsweet Public Split | PairCorr |
| 0.47 | HPT | Home Pottery Public | PairCorr |
The ability to find closely correlated positions to Bangkok Dec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bangkok Dec 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 Bangkok Dec - 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 Bangkok Dec Con Public to buy it.
The correlation of Bangkok Dec 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 Bangkok Dec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bangkok Dec Con 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 Bangkok Dec 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 Bangkok Dec Correlation, Bangkok Dec Volatility and Bangkok Dec Alpha and Beta module to complement your research on Bangkok Dec. Note that the Bangkok Dec Con information on this page should be used as a complementary analysis to other Bangkok Dec's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Bangkok Stock analysis
When running Bangkok Dec's price analysis, check to measure Bangkok Dec'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 Bangkok Dec is operating at the current time. Most of Bangkok Dec's value examination focuses on studying past and present price action to predict the probability of Bangkok Dec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bangkok Dec's price. Additionally, you may evaluate how the addition of Bangkok Dec to your portfolios can decrease your overall portfolio volatility.
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Bangkok Dec 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.