Ekachai Medical (Thailand) Market Value
| EKH Stock | THB 6.55 0.05 0.76% |
| Symbol | Ekachai |
Ekachai Medical '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 Ekachai Medical'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 Ekachai Medical.
| 02/18/2025 |
| 03/20/2025 |
If you would invest 0.00 in Ekachai Medical on February 18, 2025 and sell it all today you would earn a total of 0.00 from holding Ekachai Medical Care or generate 0.0% return on investment in Ekachai Medical over 30 days. Ekachai Medical is related to or competes with Chularat Hospital, Bangkok Chain, Bangkok Dusit, Rajthanee Hospital, and Srivichaivejvivat. Ekachai Medical Care Public Company Limited, together with its subsidiaries, operates Ekachai hospital in Thailand More
Ekachai Medical 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 Ekachai Medical'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 Ekachai Medical Care upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.072 | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.48 |
Ekachai Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ekachai Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ekachai Medical's standard deviation. In reality, there are many statistical measures that can use Ekachai Medical historical prices to predict the future Ekachai Medical's volatility.| Risk Adjusted Performance | 0.0246 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | 0.1362 | |||
| Sortino Ratio | 0.0605 | |||
| Treynor Ratio | (0.13) |
Ekachai Medical Care Backtested Returns
As of now, Ekachai Stock is not too volatile. Ekachai Medical Care secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ekachai Medical Care, which you can use to evaluate the volatility of the firm. Please confirm Ekachai Medical's Mean Deviation of 1.02, downside deviation of 1.61, and Semi Deviation of 1.19 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Ekachai Medical has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ekachai Medical are expected to decrease at a much lower rate. During the bear market, Ekachai Medical is likely to outperform the market. Ekachai Medical Care right now shows a risk of 1.29%. Please confirm Ekachai Medical Care market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Ekachai Medical Care will be following its price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Ekachai Medical Care has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ekachai Medical time series from 18th of February 2025 to 5th of March 2025 and 5th of March 2025 to 20th 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 Ekachai Medical Care price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Ekachai Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ekachai Medical Care lagged returns against current returns
Autocorrelation, which is Ekachai Medical 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 Ekachai Medical's stock expected returns. We can calculate the autocorrelation of Ekachai Medical returns to help us make a trade decision. For example, suppose you find that Ekachai Medical 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 |
Ekachai Medical 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 Ekachai Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ekachai Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ekachai Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Ekachai Medical Lagged Returns
When evaluating Ekachai Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ekachai Medical stock have on its future price. Ekachai Medical 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, Ekachai Medical autocorrelation shows the relationship between Ekachai Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Ekachai Medical Care.
Regressed Prices |
| Timeline |
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Ekachai Medical financial ratios help investors to determine whether Ekachai 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 Ekachai with respect to the benefits of owning Ekachai Medical security.