Better World (Thailand) Market Value
| BWG Stock | THB 0.40 0.02 4.76% |
| Symbol | Better |
Better World '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 Better World'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 Better World.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Better World on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Better World Green or generate 0.0% return on investment in Better World over 30 days. Better World is related to or competes with Tata Steel, TTCL Public, Thaifoods Group, and TMT Steel. Better World Green Public Company Limited, together with its subsidiaries, engages in integrated waste treatment and dis... More
Better World 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 Better World'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 Better World Green upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.86 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.44 |
Better World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Better World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Better World's standard deviation. In reality, there are many statistical measures that can use Better World historical prices to predict the future Better World's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.31) |
Better World Green Backtested Returns
Better World Green secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Better World Green exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Better World's Standard Deviation of 2.81, mean deviation of 2.01, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Better World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Better World is expected to be smaller as well. At this point, Better World Green has a negative expected return of -0.33%. Please make sure to confirm Better World's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Better World Green performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Better World Green has good predictability. Overlapping area represents the amount of predictability between Better World 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 Better World Green price movement. The serial correlation of 0.7 indicates that around 70.0% of current Better World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Better World Green lagged returns against current returns
Autocorrelation, which is Better World 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 Better World's stock expected returns. We can calculate the autocorrelation of Better World returns to help us make a trade decision. For example, suppose you find that Better World 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 |
Better World 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 Better World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Better World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Better World stock over time.
Current vs Lagged Prices |
| Timeline |
Better World Lagged Returns
When evaluating Better World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Better World stock have on its future price. Better World 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, Better World autocorrelation shows the relationship between Better World stock current value and its past values and can show if there is a momentum factor associated with investing in Better World Green.
Regressed Prices |
| Timeline |
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Better World financial ratios help investors to determine whether Better 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 Better with respect to the benefits of owning Better World security.