AJ Advance (Thailand) Market Value
| AJA Stock | THB 0.15 0.01 6.25% |
| Symbol | AJA |
AJ Advance '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 AJ Advance'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 AJ Advance.
| 08/06/2024 |
| 12/04/2024 |
If you would invest 0.00 in AJ Advance on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding AJ Advance Technology or generate 0.0% return on investment in AJ Advance over 120 days. AJ Advance is related to or competes with Central Pattana, CP ALL, Bangkok Dusit, and Airports. AJ Advance Technology Public Company Limited, together with its subsidiaries, engages in the wholesale and retail of ele... More
AJ Advance 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 AJ Advance'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 AJ Advance Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.43 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.14 |
AJ Advance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AJ Advance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AJ Advance's standard deviation. In reality, there are many statistical measures that can use AJ Advance historical prices to predict the future AJ Advance's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 0.1672 |
AJ Advance Technology Backtested Returns
AJ Advance Technology retains Efficiency (Sharpe Ratio) of -0.0232, which signifies that the company had a -0.0232% return per unit of price deviation over the last 3 months. AJ Advance exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AJ Advance's Information Ratio of (0.05), market risk adjusted performance of 0.1772, and Variance of 18.74 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AJ Advance are expected to decrease at a much lower rate. During the bear market, AJ Advance is likely to outperform the market. At this point, AJ Advance Technology has a negative expected return of -0.1%. Please make sure to confirm AJ Advance's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if AJ Advance Technology performance from the past will be repeated sooner or later.
Auto-correlation | -0.55 |
Good reverse predictability
AJ Advance Technology has good reverse predictability. Overlapping area represents the amount of predictability between AJ Advance time series from 6th of August 2024 to 5th of October 2024 and 5th of October 2024 to 4th 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 AJ Advance Technology price movement. The serial correlation of -0.55 indicates that about 55.0% of current AJ Advance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AJ Advance Technology lagged returns against current returns
Autocorrelation, which is AJ Advance 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 AJ Advance's stock expected returns. We can calculate the autocorrelation of AJ Advance returns to help us make a trade decision. For example, suppose you find that AJ Advance 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 |
AJ Advance 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 AJ Advance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AJ Advance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AJ Advance stock over time.
Current vs Lagged Prices |
| Timeline |
AJ Advance Lagged Returns
When evaluating AJ Advance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AJ Advance stock have on its future price. AJ Advance 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, AJ Advance autocorrelation shows the relationship between AJ Advance stock current value and its past values and can show if there is a momentum factor associated with investing in AJ Advance Technology.
Regressed Prices |
| Timeline |
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AJ Advance financial ratios help investors to determine whether AJA 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 AJA with respect to the benefits of owning AJ Advance security.