Rayong Wire (Thailand) Market Value
| RWI Stock | THB 0.53 0.01 1.92% |
| Symbol | Rayong |
Rayong Wire '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 Rayong Wire'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 Rayong Wire.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Rayong Wire on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Rayong Wire Industries or generate 0.0% return on investment in Rayong Wire over 30 days. Rayong Wire is related to or competes with Tata Steel, G J, POSCO Thainox, TMT Steel, MCS Steel, Millcon Steel, and Pacific Pipe. Rayong Wire Industries Public Company Limited manufactures and distributes steel wire products primarily in Thailand More
Rayong Wire 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 Rayong Wire'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 Rayong Wire Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 18.34 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 1.92 |
Rayong Wire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rayong Wire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rayong Wire's standard deviation. In reality, there are many statistical measures that can use Rayong Wire historical prices to predict the future Rayong Wire's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 33.42 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rayong Wire'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.
Rayong Wire Industries Backtested Returns
Rayong Wire Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the firm had a -0.21% return per unit of risk over the last 3 months. Rayong Wire Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rayong Wire's Risk Adjusted Performance of (0.10), variance of 5.82, and Coefficient Of Variation of (582.24) to confirm the risk estimate we provide. The company holds a Beta of -0.0127, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rayong Wire are expected to decrease at a much lower rate. During the bear market, Rayong Wire is likely to outperform the market. Rayong Wire Industries has an expected return of -0.52%. Please make sure to check Rayong Wire Industries daily balance of power, day median price, and the relationship between the accumulation distribution and rate of daily change , to decide if Rayong Wire Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Rayong Wire Industries has good predictability. Overlapping area represents the amount of predictability between Rayong Wire time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Rayong Wire Industries price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Rayong Wire price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rayong Wire Industries lagged returns against current returns
Autocorrelation, which is Rayong Wire 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 Rayong Wire's stock expected returns. We can calculate the autocorrelation of Rayong Wire returns to help us make a trade decision. For example, suppose you find that Rayong Wire 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 |
Rayong Wire 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 Rayong Wire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rayong Wire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rayong Wire stock over time.
Current vs Lagged Prices |
| Timeline |
Rayong Wire Lagged Returns
When evaluating Rayong Wire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rayong Wire stock have on its future price. Rayong Wire 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, Rayong Wire autocorrelation shows the relationship between Rayong Wire stock current value and its past values and can show if there is a momentum factor associated with investing in Rayong Wire Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Rayong Wire Correlation, Rayong Wire Volatility and Rayong Wire Alpha and Beta module to complement your research on Rayong Wire. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Rayong Stock analysis
When running Rayong Wire's price analysis, check to measure Rayong Wire'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 Rayong Wire is operating at the current time. Most of Rayong Wire's value examination focuses on studying past and present price action to predict the probability of Rayong Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rayong Wire's price. Additionally, you may evaluate how the addition of Rayong Wire to your portfolios can decrease your overall portfolio volatility.
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Rayong Wire 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.