Forth Smart (Thailand) Market Value
| FSMART Stock | THB 6.00 0.05 0.83% |
| Symbol | Forth |
Forth Smart '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 Forth Smart'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 Forth Smart.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Forth Smart on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Forth Smart Service or generate 0.0% return on investment in Forth Smart over 30 days. Forth Smart is related to or competes with Interlink Communication, Jay Mart, Internet Thailand, Jasmine International, and Humanica Public. Forth Smart Service Public Company Limited, together with its subsidiaries, provides various top-up services for prepaid... More
Forth Smart 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 Forth Smart'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 Forth Smart Service upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.27 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 3.15 |
Forth Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forth Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forth Smart's standard deviation. In reality, there are many statistical measures that can use Forth Smart historical prices to predict the future Forth Smart's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (1.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Forth Smart'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.
Forth Smart Service Backtested Returns
Forth Smart Service secures Sharpe Ratio (or Efficiency) of -0.096, which denotes the company had a -0.096% return per unit of risk over the last 3 months. Forth Smart Service exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forth Smart's Standard Deviation of 1.97, variance of 3.88, and Mean Deviation of 1.21 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, Forth Smart's returns are expected to increase less than the market. However, during the bear market, the loss of holding Forth Smart is expected to be smaller as well. Forth Smart Service has an expected return of -0.2%. Please make sure to confirm Forth Smart Service total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Forth Smart Service performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Forth Smart Service has good reverse predictability. Overlapping area represents the amount of predictability between Forth Smart time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th 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 Forth Smart Service price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Forth Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Forth Smart Service lagged returns against current returns
Autocorrelation, which is Forth Smart 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 Forth Smart's stock expected returns. We can calculate the autocorrelation of Forth Smart returns to help us make a trade decision. For example, suppose you find that Forth Smart 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 |
Forth Smart 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 Forth Smart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forth Smart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forth Smart stock over time.
Current vs Lagged Prices |
| Timeline |
Forth Smart Lagged Returns
When evaluating Forth Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forth Smart stock have on its future price. Forth Smart 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, Forth Smart autocorrelation shows the relationship between Forth Smart stock current value and its past values and can show if there is a momentum factor associated with investing in Forth Smart Service.
Regressed Prices |
| Timeline |
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When running Forth Smart's price analysis, check to measure Forth Smart'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 Forth Smart is operating at the current time. Most of Forth Smart's value examination focuses on studying past and present price action to predict the probability of Forth Smart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forth Smart's price. Additionally, you may evaluate how the addition of Forth Smart to your portfolios can decrease your overall portfolio volatility.
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