ARIP Public (Thailand) Market Value
| ARIP Stock | THB 0.59 0.01 1.72% |
| Symbol | ARIP |
ARIP Public '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 ARIP Public'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 ARIP Public.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in ARIP Public on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding ARIP Public or generate 0.0% return on investment in ARIP Public over 240 days. ARIP Public is related to or competes with Moong Pattana, Premier Technology, Sea Oil, and Thai Mitsuwa. ARIP Public Company Limited engages in the management of events and marketing activities, production and distribution of... More
ARIP Public 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 ARIP Public'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 ARIP Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.1 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 5.17 |
ARIP Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARIP Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARIP Public's standard deviation. In reality, there are many statistical measures that can use ARIP Public historical prices to predict the future ARIP Public's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.30) |
ARIP Public Backtested Returns
ARIP Public is out of control given 3 months investment horizon. ARIP Public secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of return volatility over the last 3 months. We were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 15.84% are justified by taking the suggested risk. Use ARIP Public Risk Adjusted Performance of (0.01), coefficient of variation of (4,044), and Mean Deviation of 1.95 to evaluate company specific risk that cannot be diversified away. ARIP Public holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ARIP Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding ARIP Public is expected to be smaller as well. Use ARIP Public standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to analyze future returns on ARIP Public.
Auto-correlation | -0.41 |
Modest reverse predictability
ARIP Public has modest reverse predictability. Overlapping area represents the amount of predictability between ARIP Public time series from 6th of April 2024 to 4th of August 2024 and 4th 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 ARIP Public price movement. The serial correlation of -0.41 indicates that just about 41.0% of current ARIP Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ARIP Public lagged returns against current returns
Autocorrelation, which is ARIP Public 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 ARIP Public's stock expected returns. We can calculate the autocorrelation of ARIP Public returns to help us make a trade decision. For example, suppose you find that ARIP Public 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 |
ARIP Public 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 ARIP Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARIP Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARIP Public stock over time.
Current vs Lagged Prices |
| Timeline |
ARIP Public Lagged Returns
When evaluating ARIP Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARIP Public stock have on its future price. ARIP Public 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, ARIP Public autocorrelation shows the relationship between ARIP Public stock current value and its past values and can show if there is a momentum factor associated with investing in ARIP Public.
Regressed Prices |
| Timeline |
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ARIP Public financial ratios help investors to determine whether ARIP 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 ARIP with respect to the benefits of owning ARIP Public security.