Dynasty Ceramic (Thailand) Market Value
DCC Stock | THB 1.70 0.03 1.73% |
Symbol | Dynasty |
Dynasty Ceramic '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 Dynasty Ceramic'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 Dynasty Ceramic.
03/28/2024 |
| 04/27/2024 |
If you would invest 0.00 in Dynasty Ceramic on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Dynasty Ceramic Public or generate 0.0% return on investment in Dynasty Ceramic over 30 days. Dynasty Ceramic is related to or competes with Gulf Energy, Energy Absolute, Banpu Public, WHA Public, and Global Power. Dynasty Ceramic Public Company Limited manufactures, sells, and distributes ceramic wall and floor tiles in Thailand and... More
Dynasty Ceramic 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 Dynasty Ceramic'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 Dynasty Ceramic Public upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.71 | |||
Information Ratio | 0.0077 | |||
Maximum Drawdown | 15.8 | |||
Value At Risk | (2.48) | |||
Potential Upside | 3.74 |
Dynasty Ceramic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynasty Ceramic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynasty Ceramic's standard deviation. In reality, there are many statistical measures that can use Dynasty Ceramic historical prices to predict the future Dynasty Ceramic's volatility.Risk Adjusted Performance | 0.0367 | |||
Jensen Alpha | 0.109 | |||
Total Risk Alpha | (0.19) | |||
Sortino Ratio | 0.0101 | |||
Treynor Ratio | (0.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dynasty Ceramic'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.
Dynasty Ceramic Public Backtested Returns
We consider Dynasty Ceramic very risky. Dynasty Ceramic Public secures Sharpe Ratio (or Efficiency) of 0.0631, which denotes the company had a 0.0631% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dynasty Ceramic Public, which you can use to evaluate the volatility of the firm. Please confirm Dynasty Ceramic's Mean Deviation of 1.25, downside deviation of 1.71, and Coefficient Of Variation of 2120.2 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Dynasty Ceramic has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dynasty Ceramic are expected to decrease at a much lower rate. During the bear market, Dynasty Ceramic is likely to outperform the market. Dynasty Ceramic Public right now shows a risk of 2.34%. Please confirm Dynasty Ceramic Public total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Dynasty Ceramic Public will be following its price patterns.
Auto-correlation | 0.47 |
Average predictability
Dynasty Ceramic Public has average predictability. Overlapping area represents the amount of predictability between Dynasty Ceramic time series from 28th of March 2024 to 12th of April 2024 and 12th of April 2024 to 27th 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 Dynasty Ceramic Public price movement. The serial correlation of 0.47 indicates that about 47.0% of current Dynasty Ceramic price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.47 | |
Spearman Rank Test | 0.33 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Dynasty Ceramic Public lagged returns against current returns
Autocorrelation, which is Dynasty Ceramic 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 Dynasty Ceramic's stock expected returns. We can calculate the autocorrelation of Dynasty Ceramic returns to help us make a trade decision. For example, suppose you find that Dynasty Ceramic 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 |
Dynasty Ceramic 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 Dynasty Ceramic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynasty Ceramic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynasty Ceramic stock over time.
Current vs Lagged Prices |
Timeline |
Dynasty Ceramic Lagged Returns
When evaluating Dynasty Ceramic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynasty Ceramic stock have on its future price. Dynasty Ceramic 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, Dynasty Ceramic autocorrelation shows the relationship between Dynasty Ceramic stock current value and its past values and can show if there is a momentum factor associated with investing in Dynasty Ceramic Public.
Regressed Prices |
Timeline |
Pair Trading with Dynasty Ceramic
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 Dynasty Ceramic 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 Dynasty Ceramic will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Dynasty Ceramic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynasty Ceramic 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 Dynasty Ceramic - 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 Dynasty Ceramic Public to buy it.
The correlation of Dynasty Ceramic 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 Dynasty Ceramic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynasty Ceramic Public 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 Dynasty Ceramic 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 Dynasty Ceramic Correlation, Dynasty Ceramic Volatility and Dynasty Ceramic Alpha and Beta module to complement your research on Dynasty Ceramic. Note that the Dynasty Ceramic Public information on this page should be used as a complementary analysis to other Dynasty Ceramic'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Dynasty Stock analysis
When running Dynasty Ceramic's price analysis, check to measure Dynasty Ceramic'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 Dynasty Ceramic is operating at the current time. Most of Dynasty Ceramic's value examination focuses on studying past and present price action to predict the probability of Dynasty Ceramic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynasty Ceramic's price. Additionally, you may evaluate how the addition of Dynasty Ceramic to your portfolios can decrease your overall portfolio volatility.
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Dynasty Ceramic 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.