Ngern Tid (Thailand) Market Value
| TIDLOR Stock | THB 16.80 0.10 0.59% |
| Symbol | Ngern |
Ngern Tid '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 Ngern Tid'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 Ngern Tid.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Ngern Tid on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Ngern Tid Lor or generate 0.0% return on investment in Ngern Tid over 30 days. Ngern Tid is related to or competes with Srisawad Power, Muangthai Capital, Micro Leasing, and Krungthai Card. Ngern Tid Lor Public Company Limited provides auto-for-cash loans to self-employed microentrepreneurs in Thailand More
Ngern Tid 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 Ngern Tid'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 Ngern Tid Lor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 13.34 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 4.79 |
Ngern Tid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ngern Tid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ngern Tid's standard deviation. In reality, there are many statistical measures that can use Ngern Tid historical prices to predict the future Ngern Tid's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.69) |
Ngern Tid Lor Backtested Returns
Ngern Tid Lor has Sharpe Ratio of -0.0688, which conveys that the firm had a -0.0688% return per unit of risk over the last 3 months. Ngern Tid exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Ngern Tid's Risk Adjusted Performance of (0.04), mean deviation of 1.77, and Standard Deviation of 2.45 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ngern Tid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ngern Tid is expected to be smaller as well. At this point, Ngern Tid Lor has a negative expected return of -0.16%. Please make sure to verify Ngern Tid's total risk alpha, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Ngern Tid Lor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Ngern Tid Lor has below average predictability. Overlapping area represents the amount of predictability between Ngern Tid time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Ngern Tid Lor price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Ngern Tid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Ngern Tid Lor lagged returns against current returns
Autocorrelation, which is Ngern Tid 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 Ngern Tid's stock expected returns. We can calculate the autocorrelation of Ngern Tid returns to help us make a trade decision. For example, suppose you find that Ngern Tid 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 |
Ngern Tid 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 Ngern Tid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ngern Tid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ngern Tid stock over time.
Current vs Lagged Prices |
| Timeline |
Ngern Tid Lagged Returns
When evaluating Ngern Tid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ngern Tid stock have on its future price. Ngern Tid 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, Ngern Tid autocorrelation shows the relationship between Ngern Tid stock current value and its past values and can show if there is a momentum factor associated with investing in Ngern Tid Lor.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Ngern Stock
Ngern Tid financial ratios help investors to determine whether Ngern 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 Ngern with respect to the benefits of owning Ngern Tid security.