Asian Alliance (Thailand) Market Value
| AAI Stock | 5.70 0.05 0.88% |
| Symbol | Asian |
Asian Alliance '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 Alliance'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 Alliance.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Asian Alliance on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Asian Alliance International or generate 0.0% return on investment in Asian Alliance over 360 days. Asian Alliance is related to or competes with Kingsmen CMTI, Hydrotek Public, Karmarts Public, and KC Metalsheet. More
Asian Alliance 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 Alliance'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 Alliance International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.11 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 4.65 |
Asian Alliance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asian Alliance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asian Alliance's standard deviation. In reality, there are many statistical measures that can use Asian Alliance historical prices to predict the future Asian Alliance's volatility.| Risk Adjusted Performance | 0.0365 | |||
| Jensen Alpha | 0.0847 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.05 |
Asian Alliance Inter Backtested Returns
As of now, Asian Stock is slightly risky. Asian Alliance Inter secures Sharpe Ratio (or Efficiency) of 0.05, which signifies that the company had a 0.05% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asian Alliance International, which you can use to evaluate the volatility of the firm. Please confirm Asian Alliance's Mean Deviation of 2.1, risk adjusted performance of 0.0365, and Downside Deviation of 3.06 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Asian Alliance has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0908, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asian Alliance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asian Alliance is expected to be smaller as well. Asian Alliance Inter right now shows a risk of 2.77%. Please confirm Asian Alliance Inter downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Asian Alliance Inter will be following its price patterns.
Auto-correlation | 0.43 |
Average predictability
Asian Alliance International has average predictability. Overlapping area represents the amount of predictability between Asian Alliance time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Alliance Inter price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Asian Alliance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Asian Alliance Inter lagged returns against current returns
Autocorrelation, which is Asian Alliance 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 Alliance's stock expected returns. We can calculate the autocorrelation of Asian Alliance returns to help us make a trade decision. For example, suppose you find that Asian Alliance 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 Alliance 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 Alliance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asian Alliance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asian Alliance stock over time.
Current vs Lagged Prices |
| Timeline |
Asian Alliance Lagged Returns
When evaluating Asian Alliance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asian Alliance stock have on its future price. Asian Alliance 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 Alliance autocorrelation shows the relationship between Asian Alliance stock current value and its past values and can show if there is a momentum factor associated with investing in Asian Alliance International.
Regressed Prices |
| Timeline |
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Asian Alliance 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 Alliance security.