Delta Electronics (Thailand) Market Value
| DELTA-R Stock | THB 70.00 29.20 29.44% |
| Symbol | Delta |
Delta Electronics '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 Delta Electronics' 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 Delta Electronics.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Delta Electronics on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Electronics Public or generate 0.0% return on investment in Delta Electronics over 30 days. Delta Electronics is related to or competes with AJ Advance, Cpt Drives, Asia Precision, Alla Public, and Asia Metal. Delta Electronics Public Company Limited, together with its subsidiaries, researches, develops, manufactures and distributes power supplies and electronic components worldwide. More
Delta Electronics 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 Delta Electronics' 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 Delta Electronics Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 0.4557 |
Delta Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Electronics' standard deviation. In reality, there are many statistical measures that can use Delta Electronics historical prices to predict the future Delta Electronics' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 0.8296 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delta Electronics' 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.
Delta Electronics Public Backtested Returns
Delta Electronics Public secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Delta Electronics Public exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delta Electronics' Mean Deviation of 0.8787, standard deviation of 3.62, and Variance of 13.14 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Delta Electronics are expected to decrease at a much lower rate. During the bear market, Delta Electronics is likely to outperform the market. Delta Electronics Public has an expected return of -0.48%. Please make sure to confirm Delta Electronics Public total risk alpha, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Delta Electronics Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Delta Electronics Public has no correlation between past and present. Overlapping area represents the amount of predictability between Delta Electronics time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Delta Electronics Public price movement. The serial correlation of 0.0 indicates that just 0.0% of current Delta Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Delta Electronics Public lagged returns against current returns
Autocorrelation, which is Delta Electronics 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 Delta Electronics' stock expected returns. We can calculate the autocorrelation of Delta Electronics returns to help us make a trade decision. For example, suppose you find that Delta Electronics 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 |
Delta Electronics 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 Delta Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Electronics Lagged Returns
When evaluating Delta Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Electronics stock have on its future price. Delta Electronics 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, Delta Electronics autocorrelation shows the relationship between Delta Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Electronics Public.
Regressed Prices |
| Timeline |
Pair Trading with Delta Electronics
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 Delta Electronics 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 Delta Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Delta Stock
| 0.77 | SPCG-R | SPCG Public | PairCorr |
Moving against Delta Stock
| 0.42 | TC | Tropical Canning Public | PairCorr |
The ability to find closely correlated positions to Delta Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Electronics 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 Delta Electronics - 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 Delta Electronics Public to buy it.
The correlation of Delta Electronics 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 Delta Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Electronics 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 Delta Electronics 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 Delta Electronics Correlation, Delta Electronics Volatility and Delta Electronics Alpha and Beta module to complement your research on Delta Electronics. Note that the Delta Electronics Public information on this page should be used as a complementary analysis to other Delta Electronics' 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Delta Stock analysis
When running Delta Electronics' price analysis, check to measure Delta Electronics' 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 Delta Electronics is operating at the current time. Most of Delta Electronics' value examination focuses on studying past and present price action to predict the probability of Delta Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Electronics' price. Additionally, you may evaluate how the addition of Delta Electronics to your portfolios can decrease your overall portfolio volatility.
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Delta Electronics 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.