ASN Broker (Thailand) Market Value
| ASN Stock | THB 1.79 0.01 0.56% |
| Symbol | ASN |
ASN Broker '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 ASN Broker'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 ASN Broker.
| 10/30/2023 |
| 12/23/2024 |
If you would invest 0.00 in ASN Broker on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding ASN Broker Public or generate 0.0% return on investment in ASN Broker over 420 days. ASN Broker is related to or competes with PTG Energy, TQM Public, Thai Oil, Erawan, Autocorp Holding, Ditto Public, and Eastern Technical. ASN Broker Public Company Limited, together with its subsidiaries, provides insurance brokerage services in Thailand More
ASN Broker 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 ASN Broker'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 ASN Broker Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.42 | |||
| Information Ratio | 0.067 | |||
| Maximum Drawdown | 42.93 | |||
| Value At Risk | (7.57) | |||
| Potential Upside | 5.92 |
ASN Broker Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASN Broker's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASN Broker's standard deviation. In reality, there are many statistical measures that can use ASN Broker historical prices to predict the future ASN Broker's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.3585 | |||
| Total Risk Alpha | 0.2265 | |||
| Sortino Ratio | 0.0793 | |||
| Treynor Ratio | 0.5617 |
ASN Broker Public Backtested Returns
ASN Broker appears to be dangerous, given 3 months investment horizon. ASN Broker Public secures Sharpe Ratio (or Efficiency) of 0.0649, which signifies that the company had a 0.0649% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for ASN Broker Public, which you can use to evaluate the volatility of the firm. Please makes use of ASN Broker's Risk Adjusted Performance of 0.0664, mean deviation of 2.95, and Semi Deviation of 3.66 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ASN Broker holds a performance score of 5. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASN Broker's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASN Broker is expected to be smaller as well. Please check ASN Broker's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether ASN Broker's price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
ASN Broker Public has modest predictability. Overlapping area represents the amount of predictability between ASN Broker time series from 30th of October 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 ASN Broker Public price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current ASN Broker price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ASN Broker Public lagged returns against current returns
Autocorrelation, which is ASN Broker 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 ASN Broker's stock expected returns. We can calculate the autocorrelation of ASN Broker returns to help us make a trade decision. For example, suppose you find that ASN Broker 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 |
ASN Broker 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 ASN Broker stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASN Broker stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASN Broker stock over time.
Current vs Lagged Prices |
| Timeline |
ASN Broker Lagged Returns
When evaluating ASN Broker's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASN Broker stock have on its future price. ASN Broker 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, ASN Broker autocorrelation shows the relationship between ASN Broker stock current value and its past values and can show if there is a momentum factor associated with investing in ASN Broker Public.
Regressed Prices |
| Timeline |
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ASN Broker financial ratios help investors to determine whether ASN 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 ASN with respect to the benefits of owning ASN Broker security.