AddTech Hub (Thailand) Market Value
| ADD Stock | 4.66 0.04 0.87% |
| Symbol | AddTech |
AddTech Hub '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 AddTech Hub'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 AddTech Hub.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in AddTech Hub on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding AddTech Hub Public or generate 0.0% return on investment in AddTech Hub over 30 days. AddTech Hub is related to or competes with Forth Public, Ditto Public, After You, and Applicad Public. More
AddTech Hub 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 AddTech Hub'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 AddTech Hub Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.6 |
AddTech Hub Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AddTech Hub's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AddTech Hub's standard deviation. In reality, there are many statistical measures that can use AddTech Hub historical prices to predict the future AddTech Hub's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (1.30) |
AddTech Hub Public Backtested Returns
AddTech Hub Public secures Sharpe Ratio (or Efficiency) of -0.0275, which signifies that the company had a -0.0275% return per unit of standard deviation over the last 3 months. AddTech Hub Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AddTech Hub's risk adjusted performance of (0.03), and Mean Deviation of 0.9413 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0477, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AddTech Hub's returns are expected to increase less than the market. However, during the bear market, the loss of holding AddTech Hub is expected to be smaller as well. At this point, AddTech Hub Public has a negative expected return of -0.0365%. Please make sure to confirm AddTech Hub's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if AddTech Hub Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
AddTech Hub Public has almost perfect reverse predictability. Overlapping area represents the amount of predictability between AddTech Hub time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 AddTech Hub Public price movement. The serial correlation of -0.72 indicates that around 72.0% of current AddTech Hub price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AddTech Hub Public lagged returns against current returns
Autocorrelation, which is AddTech Hub 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 AddTech Hub's stock expected returns. We can calculate the autocorrelation of AddTech Hub returns to help us make a trade decision. For example, suppose you find that AddTech Hub 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 |
AddTech Hub 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 AddTech Hub stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AddTech Hub stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AddTech Hub stock over time.
Current vs Lagged Prices |
| Timeline |
AddTech Hub Lagged Returns
When evaluating AddTech Hub's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AddTech Hub stock have on its future price. AddTech Hub 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, AddTech Hub autocorrelation shows the relationship between AddTech Hub stock current value and its past values and can show if there is a momentum factor associated with investing in AddTech Hub Public.
Regressed Prices |
| Timeline |
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AddTech Hub financial ratios help investors to determine whether AddTech 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 AddTech with respect to the benefits of owning AddTech Hub security.