Asset World (Thailand) Market Value
| AWC Stock | THB 3.56 0.02 0.56% |
| Symbol | Asset |
Asset World '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 Asset World'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 Asset World.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Asset World on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Asset World Corp or generate 0.0% return on investment in Asset World over 180 days. Asset World is related to or competes with Central Retail, Gulf Energy, BTS Group, Bangkok Expressway, and Bangkok Dusit. Asset World Corp Public Company Limited develops and invests in real estate properties in Thailand More
Asset World 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 Asset World'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 Asset World Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.47 |
Asset World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asset World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asset World's standard deviation. In reality, there are many statistical measures that can use Asset World historical prices to predict the future Asset World's volatility.| Risk Adjusted Performance | 0.0085 | |||
| Jensen Alpha | 0.0345 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0113 |
Asset World Corp Backtested Returns
As of now, Asset Stock is slightly risky. Asset World Corp secures Sharpe Ratio (or Efficiency) of 0.0363, which signifies that the company had a 0.0363% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asset World Corp, which you can use to evaluate the volatility of the firm. Please confirm Asset World's Downside Deviation of 1.73, risk adjusted performance of 0.0085, and Mean Deviation of 1.28 to double-check if the risk estimate we provide is consistent with the expected return of 0.0575%. Asset World has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asset World are expected to decrease at a much lower rate. During the bear market, Asset World is likely to outperform the market. Asset World Corp right now shows a risk of 1.58%. Please confirm Asset World Corp sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Asset World Corp will be following its price patterns.
Auto-correlation | 0.45 |
Average predictability
Asset World Corp has average predictability. Overlapping area represents the amount of predictability between Asset World time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Asset World Corp price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Asset World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Asset World Corp lagged returns against current returns
Autocorrelation, which is Asset World 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 Asset World's stock expected returns. We can calculate the autocorrelation of Asset World returns to help us make a trade decision. For example, suppose you find that Asset World 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 |
Asset World 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 Asset World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asset World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asset World stock over time.
Current vs Lagged Prices |
| Timeline |
Asset World Lagged Returns
When evaluating Asset World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asset World stock have on its future price. Asset World 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, Asset World autocorrelation shows the relationship between Asset World stock current value and its past values and can show if there is a momentum factor associated with investing in Asset World Corp.
Regressed Prices |
| Timeline |
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Asset World financial ratios help investors to determine whether Asset 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 Asset with respect to the benefits of owning Asset World security.