Fancy Wood (Thailand) Market Value
| FANCY Stock | THB 0.37 0.01 2.78% |
| Symbol | Fancy |
Fancy Wood '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 Fancy Wood'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 Fancy Wood.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Fancy Wood on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Fancy Wood Industries or generate 0.0% return on investment in Fancy Wood over 540 days. Fancy Wood is related to or competes with Eastern Commercial, Finansa Public, General Environmental, and CPL Group. Fancy Wood Industries Public Company Limited, together with its subsidiaries, manufactures and sells wood furniture and ... More
Fancy Wood 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 Fancy Wood'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 Fancy Wood Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.25 | |||
| Information Ratio | 0.1126 | |||
| Maximum Drawdown | 1005.26 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 2.86 |
Fancy Wood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fancy Wood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fancy Wood's standard deviation. In reality, there are many statistical measures that can use Fancy Wood historical prices to predict the future Fancy Wood's volatility.| Risk Adjusted Performance | 0.0968 | |||
| Jensen Alpha | 16.66 | |||
| Total Risk Alpha | (6.77) | |||
| Sortino Ratio | 0.5653 | |||
| Treynor Ratio | (0.82) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fancy Wood'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.
Fancy Wood Industries Backtested Returns
Fancy Wood is out of control given 3 months investment horizon. Fancy Wood Industries secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 14.42% are justified by taking the suggested risk. Use Fancy Wood Downside Deviation of 25.25, mean deviation of 31.29, and Coefficient Of Variation of 879.88 to evaluate company specific risk that cannot be diversified away. Fancy Wood holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -17.65, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Fancy Wood are expected to decrease by larger amounts. On the other hand, during market turmoil, Fancy Wood is expected to outperform it. Use Fancy Wood treynor ratio and the relationship between the semi variance and price action indicator , to analyze future returns on Fancy Wood.
Auto-correlation | 0.45 |
Average predictability
Fancy Wood Industries has average predictability. Overlapping area represents the amount of predictability between Fancy Wood time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Fancy Wood Industries price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Fancy Wood price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fancy Wood Industries lagged returns against current returns
Autocorrelation, which is Fancy Wood 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 Fancy Wood's stock expected returns. We can calculate the autocorrelation of Fancy Wood returns to help us make a trade decision. For example, suppose you find that Fancy Wood 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 |
Fancy Wood 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 Fancy Wood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fancy Wood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fancy Wood stock over time.
Current vs Lagged Prices |
| Timeline |
Fancy Wood Lagged Returns
When evaluating Fancy Wood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fancy Wood stock have on its future price. Fancy Wood 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, Fancy Wood autocorrelation shows the relationship between Fancy Wood stock current value and its past values and can show if there is a momentum factor associated with investing in Fancy Wood Industries.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Fancy Stock
Fancy Wood financial ratios help investors to determine whether Fancy 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 Fancy with respect to the benefits of owning Fancy Wood security.