Bangkok Aviation (Thailand) Market Value
| BAFS Stock | THB 12.70 0.30 2.42% |
| Symbol | Bangkok |
Bangkok Aviation '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 Bangkok Aviation'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 Bangkok Aviation.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bangkok Aviation on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Bangkok Aviation Fuel or generate 0.0% return on investment in Bangkok Aviation over 30 days. Bangkok Aviation is related to or competes with Bangchak Public, Airports, AP Public, Central Pattana, and Electricity Generating. Bangkok Aviation Fuel Services Public Company Limited provides aviation depot and aircraft refueling services at Bangkok... More
Bangkok Aviation 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 Bangkok Aviation'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 Bangkok Aviation Fuel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.39 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 5.07 |
Bangkok Aviation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bangkok Aviation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bangkok Aviation's standard deviation. In reality, there are many statistical measures that can use Bangkok Aviation historical prices to predict the future Bangkok Aviation's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 2.11 |
Bangkok Aviation Fuel Backtested Returns
Bangkok Aviation Fuel secures Sharpe Ratio (or Efficiency) of -0.0395, which signifies that the company had a -0.0395% return per unit of risk over the last 3 months. Bangkok Aviation Fuel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bangkok Aviation's Risk Adjusted Performance of (0.07), mean deviation of 1.83, and Standard Deviation of 2.51 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bangkok Aviation are expected to decrease at a much lower rate. During the bear market, Bangkok Aviation is likely to outperform the market. At this point, Bangkok Aviation Fuel has a negative expected return of -0.1%. Please make sure to confirm Bangkok Aviation's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Bangkok Aviation Fuel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Bangkok Aviation Fuel has very good predictability. Overlapping area represents the amount of predictability between Bangkok Aviation time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Bangkok Aviation Fuel price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Bangkok Aviation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Bangkok Aviation Fuel lagged returns against current returns
Autocorrelation, which is Bangkok Aviation 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 Bangkok Aviation's stock expected returns. We can calculate the autocorrelation of Bangkok Aviation returns to help us make a trade decision. For example, suppose you find that Bangkok Aviation 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 |
Bangkok Aviation 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 Bangkok Aviation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bangkok Aviation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bangkok Aviation stock over time.
Current vs Lagged Prices |
| Timeline |
Bangkok Aviation Lagged Returns
When evaluating Bangkok Aviation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bangkok Aviation stock have on its future price. Bangkok Aviation 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, Bangkok Aviation autocorrelation shows the relationship between Bangkok Aviation stock current value and its past values and can show if there is a momentum factor associated with investing in Bangkok Aviation Fuel.
Regressed Prices |
| Timeline |
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Bangkok Aviation financial ratios help investors to determine whether Bangkok 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 Bangkok with respect to the benefits of owning Bangkok Aviation security.