Diamond Building (Thailand) Market Value
| DRT Stock | THB 7.70 0.00 0.00% |
| Symbol | Diamond |
Diamond Building '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 Diamond Building'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 Diamond Building.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Diamond Building on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Diamond Building Products or generate 0.0% return on investment in Diamond Building over 30 days. Diamond Building is related to or competes with PTT Public, PTT Exploration, Siam Cement, CP ALL, and Kasikornbank Public. Diamond Building Products Public Company Limited, together with its subsidiaries, manufactures and distributes roof tile... More
Diamond Building 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 Diamond Building'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 Diamond Building Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 0.6452 |
Diamond Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Building's standard deviation. In reality, there are many statistical measures that can use Diamond Building historical prices to predict the future Diamond Building's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.44) |
Diamond Building Products Backtested Returns
Diamond Building Products secures Sharpe Ratio (or Efficiency) of -0.0451, which denotes the company had a -0.0451% return per unit of standard deviation over the last 3 months. Diamond Building Products exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diamond Building's Mean Deviation of 0.4439, standard deviation of 0.6303, and Coefficient Of Variation of (2,488) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0803, which means not very significant fluctuations relative to the market. As returns on the market increase, Diamond Building's returns are expected to increase less than the market. However, during the bear market, the loss of holding Diamond Building is expected to be smaller as well. At this point, Diamond Building Products has a negative expected return of -0.0286%. Please make sure to confirm Diamond Building's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Diamond Building Products performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Diamond Building Products has good predictability. Overlapping area represents the amount of predictability between Diamond Building 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 Diamond Building Products price movement. The serial correlation of 0.77 indicates that around 77.0% of current Diamond Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Diamond Building Products lagged returns against current returns
Autocorrelation, which is Diamond Building 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 Diamond Building's stock expected returns. We can calculate the autocorrelation of Diamond Building returns to help us make a trade decision. For example, suppose you find that Diamond Building 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 |
Diamond Building 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 Diamond Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Building stock over time.
Current vs Lagged Prices |
| Timeline |
Diamond Building Lagged Returns
When evaluating Diamond Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamond Building stock have on its future price. Diamond Building 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, Diamond Building autocorrelation shows the relationship between Diamond Building stock current value and its past values and can show if there is a momentum factor associated with investing in Diamond Building Products.
Regressed Prices |
| Timeline |
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Diamond Building financial ratios help investors to determine whether Diamond 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 Diamond with respect to the benefits of owning Diamond Building security.