Synergetic Auto (Thailand) Market Value
| ASAP Stock | THB 1.88 0.01 0.53% |
| Symbol | Synergetic |
Synergetic Auto '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 Synergetic Auto'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 Synergetic Auto.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Synergetic Auto on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Synergetic Auto Performance or generate 0.0% return on investment in Synergetic Auto over 30 days. Synergetic Auto is related to or competes with Copperwired Public, PINTHONG INDUSTRIAL, Bhiraj Office, Lohakit Metal, AIM Industrial, 2S Metal, and TMC Industrial. Synergetic Auto Performance Public Company Limited provides car rental services in Thailand More
Synergetic Auto 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 Synergetic Auto'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 Synergetic Auto Performance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 2.68 |
Synergetic Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synergetic Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synergetic Auto's standard deviation. In reality, there are many statistical measures that can use Synergetic Auto historical prices to predict the future Synergetic Auto's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (3.02) |
Synergetic Auto Perf Backtested Returns
Synergetic Auto Perf owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. Synergetic Auto Performance exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synergetic Auto's Variance of 5.44, coefficient of variation of (596.14), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Synergetic Auto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Synergetic Auto is expected to be smaller as well. At this point, Synergetic Auto Perf has a negative expected return of -0.43%. Please make sure to validate Synergetic Auto's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Synergetic Auto Perf performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Synergetic Auto Performance has excellent reverse predictability. Overlapping area represents the amount of predictability between Synergetic Auto time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Synergetic Auto Perf price movement. The serial correlation of -0.81 indicates that around 81.0% of current Synergetic Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Synergetic Auto Perf lagged returns against current returns
Autocorrelation, which is Synergetic Auto 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 Synergetic Auto's stock expected returns. We can calculate the autocorrelation of Synergetic Auto returns to help us make a trade decision. For example, suppose you find that Synergetic Auto 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 |
Synergetic Auto 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 Synergetic Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synergetic Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synergetic Auto stock over time.
Current vs Lagged Prices |
| Timeline |
Synergetic Auto Lagged Returns
When evaluating Synergetic Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synergetic Auto stock have on its future price. Synergetic Auto 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, Synergetic Auto autocorrelation shows the relationship between Synergetic Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Synergetic Auto Performance.
Regressed Prices |
| Timeline |
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Synergetic Auto financial ratios help investors to determine whether Synergetic 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 Synergetic with respect to the benefits of owning Synergetic Auto security.