Ekarat Engineering (Thailand) Market Value
| AKR Stock | THB 1.01 0.01 0.98% |
| Symbol | Ekarat |
Ekarat Engineering '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 Ekarat Engineering'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 Ekarat Engineering.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Ekarat Engineering on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Ekarat Engineering Public or generate 0.0% return on investment in Ekarat Engineering over 90 days. Ekarat Engineering is related to or competes with Advanced Information, CENTRAL RETAIL, PTT OIL, Panjawattana Plastic, Thonburi Medical, Moshi Moshi, and Central Retail. Ekarat Engineering Public Company Limited manufactures and distributes transformers and solar farms in Thailand More
Ekarat Engineering 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 Ekarat Engineering'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 Ekarat Engineering Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.1459 | |||
| Maximum Drawdown | 8.26 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 3.03 |
Ekarat Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ekarat Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ekarat Engineering's standard deviation. In reality, there are many statistical measures that can use Ekarat Engineering historical prices to predict the future Ekarat Engineering's volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | 0.1216 | |||
| Total Risk Alpha | 0.277 | |||
| Sortino Ratio | 0.1363 | |||
| Treynor Ratio | 0.4693 |
Ekarat Engineering Public Backtested Returns
As of now, Ekarat Stock is unstable. Ekarat Engineering Public secures Sharpe Ratio (or Efficiency) of 0.0764, which denotes the company had a 0.0764 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ekarat Engineering Public, which you can use to evaluate the volatility of the firm. Please confirm Ekarat Engineering's Semi Deviation of 0.9529, mean deviation of 0.9856, and Downside Deviation of 1.52 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Ekarat Engineering has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Ekarat Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ekarat Engineering is expected to be smaller as well. Ekarat Engineering Public right now shows a risk of 1.42%. Please confirm Ekarat Engineering Public semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Ekarat Engineering Public will be following its price patterns.
Auto-correlation | 0.23 |
Weak predictability
Ekarat Engineering Public has weak predictability. Overlapping area represents the amount of predictability between Ekarat Engineering time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ekarat Engineering Public price movement. The serial correlation of 0.23 indicates that over 23.0% of current Ekarat Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ekarat Engineering Public lagged returns against current returns
Autocorrelation, which is Ekarat Engineering 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 Ekarat Engineering's stock expected returns. We can calculate the autocorrelation of Ekarat Engineering returns to help us make a trade decision. For example, suppose you find that Ekarat Engineering 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 |
Ekarat Engineering 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 Ekarat Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ekarat Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ekarat Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Ekarat Engineering Lagged Returns
When evaluating Ekarat Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ekarat Engineering stock have on its future price. Ekarat Engineering 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, Ekarat Engineering autocorrelation shows the relationship between Ekarat Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Ekarat Engineering Public.
Regressed Prices |
| Timeline |
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Ekarat Engineering financial ratios help investors to determine whether Ekarat 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 Ekarat with respect to the benefits of owning Ekarat Engineering security.