Akkhie Prakarn (Thailand) Market Value
| AKP Stock | THB 0.72 0.01 1.41% |
| Symbol | Akkhie |
Akkhie Prakarn '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 Akkhie Prakarn'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 Akkhie Prakarn.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Akkhie Prakarn on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Akkhie Prakarn Public or generate 0.0% return on investment in Akkhie Prakarn over 210 days. Akkhie Prakarn is related to or competes with AIRA Factoring, G Capital, and ARIP Public. Akkhie Prakarn Public Company Limited provides industrial waste incinerator services in Thailand More
Akkhie Prakarn 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 Akkhie Prakarn'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 Akkhie Prakarn Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 41.08 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 7.5 |
Akkhie Prakarn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akkhie Prakarn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akkhie Prakarn's standard deviation. In reality, there are many statistical measures that can use Akkhie Prakarn historical prices to predict the future Akkhie Prakarn's volatility.| Risk Adjusted Performance | 0.0254 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1113 |
Akkhie Prakarn Public Backtested Returns
Akkhie Prakarn is out of control given 3 months investment horizon. Akkhie Prakarn Public secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 16.01% are justified by taking the suggested risk. Use Akkhie Prakarn Risk Adjusted Performance of 0.0254, downside deviation of 3.85, and Mean Deviation of 2.61 to evaluate company specific risk that cannot be diversified away. Akkhie Prakarn holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.91, which signifies possible diversification benefits within a given portfolio. Akkhie Prakarn returns are very sensitive to returns on the market. As the market goes up or down, Akkhie Prakarn is expected to follow. Use Akkhie Prakarn downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Akkhie Prakarn.
Auto-correlation | -0.31 |
Poor reverse predictability
Akkhie Prakarn Public has poor reverse predictability. Overlapping area represents the amount of predictability between Akkhie Prakarn time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Akkhie Prakarn Public price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Akkhie Prakarn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Akkhie Prakarn Public lagged returns against current returns
Autocorrelation, which is Akkhie Prakarn 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 Akkhie Prakarn's stock expected returns. We can calculate the autocorrelation of Akkhie Prakarn returns to help us make a trade decision. For example, suppose you find that Akkhie Prakarn 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 |
Akkhie Prakarn 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 Akkhie Prakarn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akkhie Prakarn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akkhie Prakarn stock over time.
Current vs Lagged Prices |
| Timeline |
Akkhie Prakarn Lagged Returns
When evaluating Akkhie Prakarn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akkhie Prakarn stock have on its future price. Akkhie Prakarn 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, Akkhie Prakarn autocorrelation shows the relationship between Akkhie Prakarn stock current value and its past values and can show if there is a momentum factor associated with investing in Akkhie Prakarn Public.
Regressed Prices |
| Timeline |
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Akkhie Prakarn financial ratios help investors to determine whether Akkhie 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 Akkhie with respect to the benefits of owning Akkhie Prakarn security.