Dimet Public (Thailand) Market Value
| DIMET Stock | THB 0.23 0.01 4.17% |
| Symbol | Dimet |
Dimet Public '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 Dimet Public'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 Dimet Public.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dimet Public on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Dimet Public or generate 0.0% return on investment in Dimet Public over 30 days. Dimet Public is related to or competes with PTT Public, Siam Commercial, Airports, CP ALL, and Advanced Info. Dimet Public Company Limited manufactures, distributes, and sells coating products in Thailand More
Dimet Public 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 Dimet Public'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 Dimet Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.67 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.5 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.17 |
Dimet Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dimet Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dimet Public's standard deviation. In reality, there are many statistical measures that can use Dimet Public historical prices to predict the future Dimet Public's volatility.| Risk Adjusted Performance | 0.0363 | |||
| Jensen Alpha | 0.0126 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1478 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dimet Public's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Dimet Public Backtested Returns
Dimet Public is out of control given 3 months investment horizon. Dimet Public secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 15.84% are justified by taking the suggested risk. Use Dimet Public Downside Deviation of 4.67, coefficient of variation of 2619.88, and Mean Deviation of 1.34 to evaluate company specific risk that cannot be diversified away. Dimet Public holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dimet Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dimet Public is expected to be smaller as well. Use Dimet Public sortino ratio and the relationship between the downside variance and market facilitation index , to analyze future returns on Dimet Public.
Auto-correlation | -0.68 |
Very good reverse predictability
Dimet Public has very good reverse predictability. Overlapping area represents the amount of predictability between Dimet Public time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Dimet Public price movement. The serial correlation of -0.68 indicates that around 68.0% of current Dimet Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dimet Public lagged returns against current returns
Autocorrelation, which is Dimet Public 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 Dimet Public's stock expected returns. We can calculate the autocorrelation of Dimet Public returns to help us make a trade decision. For example, suppose you find that Dimet Public 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 |
Dimet Public 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 Dimet Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dimet Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dimet Public stock over time.
Current vs Lagged Prices |
| Timeline |
Dimet Public Lagged Returns
When evaluating Dimet Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dimet Public stock have on its future price. Dimet Public 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, Dimet Public autocorrelation shows the relationship between Dimet Public stock current value and its past values and can show if there is a momentum factor associated with investing in Dimet Public.
Regressed Prices |
| Timeline |
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Dimet Public financial ratios help investors to determine whether Dimet 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 Dimet with respect to the benefits of owning Dimet Public security.