Bangkok Sheet (Thailand) Market Value
| BM Stock | THB 2.74 0.04 1.44% |
| Symbol | Bangkok |
Bangkok Sheet '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 Sheet'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 Sheet.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Bangkok Sheet on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Bangkok Sheet Metal or generate 0.0% return on investment in Bangkok Sheet over 30 days. Bangkok Sheet is related to or competes with Chewathai Public, AIRA Factoring, and G Capital. Bangkok Sheet Metal Public Company Limited, together with its subsidiaries, manufactures and distributes metal forming p... More
Bangkok Sheet 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 Sheet'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 Sheet Metal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.34 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.3 |
Bangkok Sheet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bangkok Sheet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bangkok Sheet's standard deviation. In reality, there are many statistical measures that can use Bangkok Sheet historical prices to predict the future Bangkok Sheet's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (2.29) |
Bangkok Sheet Metal Backtested Returns
Bangkok Sheet Metal secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19 % return per unit of risk over the last 3 months. Bangkok Sheet Metal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bangkok Sheet's Mean Deviation of 0.6856, standard deviation of 1.03, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.088, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bangkok Sheet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bangkok Sheet is expected to be smaller as well. At this point, Bangkok Sheet Metal has a negative expected return of -0.2%. Please make sure to confirm Bangkok Sheet's total risk alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Bangkok Sheet Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Bangkok Sheet Metal has very good predictability. Overlapping area represents the amount of predictability between Bangkok Sheet time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 2025. 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 Sheet Metal price movement. The serial correlation of 0.83 indicates that around 83.0% of current Bangkok Sheet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bangkok Sheet Metal lagged returns against current returns
Autocorrelation, which is Bangkok Sheet 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 Sheet's stock expected returns. We can calculate the autocorrelation of Bangkok Sheet returns to help us make a trade decision. For example, suppose you find that Bangkok Sheet 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 Sheet 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 Sheet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bangkok Sheet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bangkok Sheet stock over time.
Current vs Lagged Prices |
| Timeline |
Bangkok Sheet Lagged Returns
When evaluating Bangkok Sheet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bangkok Sheet stock have on its future price. Bangkok Sheet 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 Sheet autocorrelation shows the relationship between Bangkok Sheet stock current value and its past values and can show if there is a momentum factor associated with investing in Bangkok Sheet Metal.
Regressed Prices |
| Timeline |
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Bangkok Sheet 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 Sheet security.