Asefa Public (Thailand) Market Value
| ASEFA Stock | THB 3.90 0.02 0.52% |
| Symbol | Asefa |
Asefa Public '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 Asefa Public'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 Asefa Public.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Asefa Public on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Asefa Public or generate 0.0% return on investment in Asefa Public over 30 days. Asefa Public is related to or competes with Beauty Community, CK Power, and Jasmine International. Asefa Public Company Limited manufactures and provides electrical power distribution, switchboard, and trunking systems ... More
Asefa Public 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 Asefa Public'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 Asefa Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.08 |
Asefa Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asefa Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asefa Public's standard deviation. In reality, there are many statistical measures that can use Asefa Public historical prices to predict the future Asefa Public's volatility.| Risk Adjusted Performance | 0.0343 | |||
| Jensen Alpha | 0.0233 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1662 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asefa Public'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.
Asefa Public Backtested Returns
We consider Asefa Public not too volatile. Asefa Public secures Sharpe Ratio (or Efficiency) of 0.053, which signifies that the company had a 0.053% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Asefa Public, which you can use to evaluate the volatility of the firm. Please confirm Asefa Public's mean deviation of 0.6018, and Risk Adjusted Performance of 0.0343 to double-check if the risk estimate we provide is consistent with the expected return of 0.0481%. Asefa Public has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asefa Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asefa Public is expected to be smaller as well. Asefa Public right now shows a risk of 0.91%. Please confirm Asefa Public jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Asefa Public will be following its price patterns.
Auto-correlation | 0.52 |
Modest predictability
Asefa Public has modest predictability. Overlapping area represents the amount of predictability between Asefa Public time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st 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 Asefa Public price movement. The serial correlation of 0.52 indicates that about 52.0% of current Asefa Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asefa Public lagged returns against current returns
Autocorrelation, which is Asefa Public 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 Asefa Public's stock expected returns. We can calculate the autocorrelation of Asefa Public returns to help us make a trade decision. For example, suppose you find that Asefa Public 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 |
Asefa Public 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 Asefa Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asefa Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asefa Public stock over time.
Current vs Lagged Prices |
| Timeline |
Asefa Public Lagged Returns
When evaluating Asefa Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asefa Public stock have on its future price. Asefa Public 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, Asefa Public autocorrelation shows the relationship between Asefa Public stock current value and its past values and can show if there is a momentum factor associated with investing in Asefa Public.
Regressed Prices |
| Timeline |
Pair Trading with Asefa Public
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asefa Public position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asefa Public will appreciate offsetting losses from the drop in the long position's value.Moving together with Asefa Stock
| 0.61 | PTT | PTT Public | PairCorr |
| 0.81 | SCB | SCB X Public | PairCorr |
The ability to find closely correlated positions to Asefa Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asefa Public when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asefa Public - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asefa Public to buy it.
The correlation of Asefa Public is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asefa Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asefa Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asefa Public can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Asefa Public Correlation, Asefa Public Volatility and Asefa Public Alpha and Beta module to complement your research on Asefa Public. Note that the Asefa Public information on this page should be used as a complementary analysis to other Asefa Public's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Asefa Stock analysis
When running Asefa Public's price analysis, check to measure Asefa Public'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 Asefa Public is operating at the current time. Most of Asefa Public's value examination focuses on studying past and present price action to predict the probability of Asefa Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asefa Public's price. Additionally, you may evaluate how the addition of Asefa Public to your portfolios can decrease your overall portfolio volatility.
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Asefa Public 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.