Ratchthani Leasing (Thailand) Market Value
| THANI Stock | THB 2.40 0.02 0.84% |
| Symbol | Ratchthani |
Ratchthani Leasing '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 Ratchthani Leasing'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 Ratchthani Leasing.
| 02/29/2024 |
| 04/29/2024 |
If you would invest 0.00 in Ratchthani Leasing on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ratchthani Leasing Public or generate 0.0% return on investment in Ratchthani Leasing over 60 days. Ratchthani Leasing is related to or competes with Siam City, Kang Yong, Advanced Info, and Advanced Info. Ratchthani Leasing Public Company Limited, together with its subsidiary, provides hire-purchase and leasing services in ... More
Ratchthani Leasing 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 Ratchthani Leasing'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 Ratchthani Leasing Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.57 |
Ratchthani Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ratchthani Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ratchthani Leasing's standard deviation. In reality, there are many statistical measures that can use Ratchthani Leasing historical prices to predict the future Ratchthani Leasing's volatility.| Risk Adjusted Performance | 0.0254 | |||
| Jensen Alpha | 0.0637 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ratchthani Leasing'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.
Ratchthani Leasing Public Backtested Returns
We consider Ratchthani Leasing relatively risky. Ratchthani Leasing Public maintains Sharpe Ratio (i.e., Efficiency) of 0.0396, which implies the firm had a 0.0396% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ratchthani Leasing Public, which you can use to evaluate the volatility of the company. Please check Ratchthani Leasing's Risk Adjusted Performance of 0.0254, semi deviation of 1.48, and Coefficient Of Variation of 3305.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0734%. Ratchthani Leasing has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ratchthani Leasing are expected to decrease at a much lower rate. During the bear market, Ratchthani Leasing is likely to outperform the market. Ratchthani Leasing Public right now holds a risk of 1.85%. Please check Ratchthani Leasing Public skewness, and the relationship between the potential upside and rate of daily change , to decide if Ratchthani Leasing Public will be following its historical price patterns.
Auto-correlation | 0.70 |
Good predictability
Ratchthani Leasing Public has good predictability. Overlapping area represents the amount of predictability between Ratchthani Leasing time series from 29th of February 2024 to 30th of March 2024 and 30th of March 2024 to 29th 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 Ratchthani Leasing Public price movement. The serial correlation of 0.7 indicates that around 70.0% of current Ratchthani Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ratchthani Leasing Public lagged returns against current returns
Autocorrelation, which is Ratchthani Leasing 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 Ratchthani Leasing's stock expected returns. We can calculate the autocorrelation of Ratchthani Leasing returns to help us make a trade decision. For example, suppose you find that Ratchthani Leasing 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 |
Ratchthani Leasing 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 Ratchthani Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ratchthani Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ratchthani Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Ratchthani Leasing Lagged Returns
When evaluating Ratchthani Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ratchthani Leasing stock have on its future price. Ratchthani Leasing 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, Ratchthani Leasing autocorrelation shows the relationship between Ratchthani Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Ratchthani Leasing Public.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Ratchthani Leasing Correlation, Ratchthani Leasing Volatility and Ratchthani Leasing Alpha and Beta module to complement your research on Ratchthani Leasing. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Ratchthani Stock analysis
When running Ratchthani Leasing's price analysis, check to measure Ratchthani Leasing'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 Ratchthani Leasing is operating at the current time. Most of Ratchthani Leasing's value examination focuses on studying past and present price action to predict the probability of Ratchthani Leasing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ratchthani Leasing's price. Additionally, you may evaluate how the addition of Ratchthani Leasing to your portfolios can decrease your overall portfolio volatility.
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