Khon Kaen (Thailand) Market Value
| KSL Stock | THB 2.38 0.06 2.59% |
| Symbol | Khon |
Khon Kaen '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 Khon Kaen'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 Khon Kaen.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Khon Kaen on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Khon Kaen Sugar or generate 0.0% return on investment in Khon Kaen over 30 days. Khon Kaen is related to or competes with Airports, PTT Public, Bangkok Dusit, and Kasikornbank Public. Khon Kaen Sugar Industry Public Company Limited manufactures and distributes sugar and by products in Thailand More
Khon Kaen 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 Khon Kaen'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 Khon Kaen Sugar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 1.71 |
Khon Kaen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Khon Kaen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Khon Kaen's standard deviation. In reality, there are many statistical measures that can use Khon Kaen historical prices to predict the future Khon Kaen's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.3444 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Khon Kaen'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.
Khon Kaen Sugar Backtested Returns
Khon Kaen Sugar has Sharpe Ratio of -0.056, which conveys that the firm had a -0.056% return per unit of risk over the last 3 months. Khon Kaen exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Khon Kaen's Risk Adjusted Performance of (0.03), standard deviation of 1.34, and Mean Deviation of 0.9138 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Khon Kaen are expected to decrease at a much lower rate. During the bear market, Khon Kaen is likely to outperform the market. Khon Kaen Sugar has an expected return of -0.0691%. Please make sure to verify Khon Kaen Sugar value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Khon Kaen Sugar performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Khon Kaen Sugar has modest reverse predictability. Overlapping area represents the amount of predictability between Khon Kaen time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st 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 Khon Kaen Sugar price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Khon Kaen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Khon Kaen Sugar lagged returns against current returns
Autocorrelation, which is Khon Kaen 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 Khon Kaen's stock expected returns. We can calculate the autocorrelation of Khon Kaen returns to help us make a trade decision. For example, suppose you find that Khon Kaen 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 |
Khon Kaen 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 Khon Kaen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Khon Kaen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Khon Kaen stock over time.
Current vs Lagged Prices |
| Timeline |
Khon Kaen Lagged Returns
When evaluating Khon Kaen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Khon Kaen stock have on its future price. Khon Kaen 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, Khon Kaen autocorrelation shows the relationship between Khon Kaen stock current value and its past values and can show if there is a momentum factor associated with investing in Khon Kaen Sugar.
Regressed Prices |
| Timeline |
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Complementary Tools for Khon Stock analysis
When running Khon Kaen's price analysis, check to measure Khon Kaen'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 Khon Kaen is operating at the current time. Most of Khon Kaen's value examination focuses on studying past and present price action to predict the probability of Khon Kaen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Khon Kaen's price. Additionally, you may evaluate how the addition of Khon Kaen to your portfolios can decrease your overall portfolio volatility.
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Khon Kaen 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.