Boutique Newcity (Thailand) Market Value
| BTNC Stock | THB 16.10 0.20 1.23% |
| Symbol | Boutique |
Boutique Newcity '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 Boutique Newcity'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 Boutique Newcity.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Boutique Newcity on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Boutique Newcity Public or generate 0.0% return on investment in Boutique Newcity over 30 days. Boutique Newcity is related to or competes with Central Pattana, CP ALL, Bangkok Dusit, and Airports. Boutique Newcity Public Company Limited engages in the retail of garments in Thailand More
Boutique Newcity 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 Boutique Newcity'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 Boutique Newcity Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.88 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 4.97 |
Boutique Newcity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boutique Newcity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boutique Newcity's standard deviation. In reality, there are many statistical measures that can use Boutique Newcity historical prices to predict the future Boutique Newcity's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.241 |
Boutique Newcity Public Backtested Returns
Boutique Newcity Public secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Boutique Newcity Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boutique Newcity's Risk Adjusted Performance of (0.07), mean deviation of 1.56, and Standard Deviation of 2.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.11, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Boutique Newcity are expected to decrease slowly. On the other hand, during market turmoil, Boutique Newcity is expected to outperform it slightly. At this point, Boutique Newcity Public has a negative expected return of -0.29%. Please make sure to confirm Boutique Newcity's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Boutique Newcity Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Boutique Newcity Public has good predictability. Overlapping area represents the amount of predictability between Boutique Newcity time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Boutique Newcity Public price movement. The serial correlation of 0.76 indicates that around 76.0% of current Boutique Newcity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Boutique Newcity Public lagged returns against current returns
Autocorrelation, which is Boutique Newcity 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 Boutique Newcity's stock expected returns. We can calculate the autocorrelation of Boutique Newcity returns to help us make a trade decision. For example, suppose you find that Boutique Newcity 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 |
Boutique Newcity 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 Boutique Newcity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boutique Newcity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boutique Newcity stock over time.
Current vs Lagged Prices |
| Timeline |
Boutique Newcity Lagged Returns
When evaluating Boutique Newcity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boutique Newcity stock have on its future price. Boutique Newcity 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, Boutique Newcity autocorrelation shows the relationship between Boutique Newcity stock current value and its past values and can show if there is a momentum factor associated with investing in Boutique Newcity Public.
Regressed Prices |
| Timeline |
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Boutique Newcity financial ratios help investors to determine whether Boutique 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 Boutique with respect to the benefits of owning Boutique Newcity security.