Asian Sea (Thailand) Market Value
| ASIAN Stock | THB 8.35 0.05 0.60% |
| Symbol | Asian |
Asian Sea '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 Asian Sea'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 Asian Sea.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Asian Sea on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Asian Sea or generate 0.0% return on investment in Asian Sea over 30 days. Asian Sea is related to or competes with GFPT Public, Dynasty Ceramic, Haad Thip, Erawan, Jay Mart, Airports, and Eastern Technical. Asian Sea Corporation Public Company Limited, together with its subsidiaries, produces and sells processed frozen seafoo... More
Asian Sea 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 Asian Sea'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 Asian Sea upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.38 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 3.89 |
Asian Sea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asian Sea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asian Sea's standard deviation. In reality, there are many statistical measures that can use Asian Sea historical prices to predict the future Asian Sea's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 1.96 |
Asian Sea Backtested Returns
Asian Sea secures Sharpe Ratio (or Efficiency) of -0.0412, which signifies that the company had a -0.0412% return per unit of risk over the last 3 months. Asian Sea exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asian Sea's Mean Deviation of 1.36, standard deviation of 1.9, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0667, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asian Sea are expected to decrease at a much lower rate. During the bear market, Asian Sea is likely to outperform the market. At this point, Asian Sea has a negative expected return of -0.0778%. Please make sure to confirm Asian Sea's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Asian Sea performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Asian Sea has good predictability. Overlapping area represents the amount of predictability between Asian Sea time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 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 Asian Sea price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Asian Sea price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asian Sea lagged returns against current returns
Autocorrelation, which is Asian Sea 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 Asian Sea's stock expected returns. We can calculate the autocorrelation of Asian Sea returns to help us make a trade decision. For example, suppose you find that Asian Sea 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 |
Asian Sea 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 Asian Sea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asian Sea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asian Sea stock over time.
Current vs Lagged Prices |
| Timeline |
Asian Sea Lagged Returns
When evaluating Asian Sea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asian Sea stock have on its future price. Asian Sea 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, Asian Sea autocorrelation shows the relationship between Asian Sea stock current value and its past values and can show if there is a momentum factor associated with investing in Asian Sea.
Regressed Prices |
| Timeline |
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Asian Sea financial ratios help investors to determine whether Asian Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Asian with respect to the benefits of owning Asian Sea security.