2S Metal (Thailand) Market Value
| 2S Stock | THB 2.74 0.02 0.74% |
| Symbol | 2S Metal |
2S Metal '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 2S Metal'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 2S Metal.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in 2S Metal on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding 2S Metal Public or generate 0.0% return on investment in 2S Metal over 30 days. 2S Metal is related to or competes with Diamond Building, MCS Steel, Asia Green, Hwa Fong, and Haad Thip. 2S Metal Public Company Limited, together with its subsidiaries, manufactures and sells steel pipes, steel plates, light... More
2S Metal 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 2S Metal'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 2S Metal Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 2.0 |
2S Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2S Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 2S Metal's standard deviation. In reality, there are many statistical measures that can use 2S Metal historical prices to predict the future 2S Metal's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (1.25) |
2S Metal Public Backtested Returns
2S Metal Public retains Efficiency (Sharpe Ratio) of -0.0526, which signifies that the company had a -0.0526% return per unit of price deviation over the last 3 months. 2S Metal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 2S Metal's Market Risk Adjusted Performance of (1.24), information ratio of (0.16), and Variance of 1.38 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0543, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 2S Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding 2S Metal is expected to be smaller as well. At this point, 2S Metal Public has a negative expected return of -0.064%. Please make sure to confirm 2S Metal's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if 2S Metal Public performance from the past will be repeated sooner or later.
Auto-correlation | 0.81 |
Very good predictability
2S Metal Public has very good predictability. Overlapping area represents the amount of predictability between 2S Metal time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 2S Metal Public price movement. The serial correlation of 0.81 indicates that around 81.0% of current 2S Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
2S Metal Public lagged returns against current returns
Autocorrelation, which is 2S Metal 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 2S Metal's stock expected returns. We can calculate the autocorrelation of 2S Metal returns to help us make a trade decision. For example, suppose you find that 2S Metal 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 |
2S Metal 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 2S Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 2S Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 2S Metal stock over time.
Current vs Lagged Prices |
| Timeline |
2S Metal Lagged Returns
When evaluating 2S Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 2S Metal stock have on its future price. 2S Metal 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, 2S Metal autocorrelation shows the relationship between 2S Metal stock current value and its past values and can show if there is a momentum factor associated with investing in 2S Metal Public.
Regressed Prices |
| Timeline |
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2S Metal financial ratios help investors to determine whether 2S Metal 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 2S Metal with respect to the benefits of owning 2S Metal security.