Fine Metal (Thailand) Market Value
| FMT Stock | THB 32.00 0.50 1.59% |
| Symbol | Fine |
Fine Metal '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 Fine Metal'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 Fine Metal.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Fine Metal on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Fine Metal Technologies or generate 0.0% return on investment in Fine Metal over 720 days. Fine Metal is related to or competes with GFPT Public, Chumporn Palm, Haad Thip, and Hwa Fong. Fine Metal Technologies Public Company Limited engages in the manufacturing and distributing of seamless copper tubes in... More
Fine Metal 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 Fine Metal'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 Fine Metal Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 3.13 |
Fine Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fine Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fine Metal's standard deviation. In reality, there are many statistical measures that can use Fine Metal historical prices to predict the future Fine Metal's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.7246 |
Fine Metal Technologies Backtested Returns
Fine Metal Technologies secures Sharpe Ratio (or Efficiency) of -0.0267, which denotes the company had a -0.0267 % return per unit of risk over the last 3 months. Fine Metal Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fine Metal's Standard Deviation of 1.84, variance of 3.39, and Mean Deviation of 1.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0864, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fine Metal are expected to decrease at a much lower rate. During the bear market, Fine Metal is likely to outperform the market. At this point, Fine Metal Technologies has a negative expected return of -0.0479%. Please make sure to confirm Fine Metal's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Fine Metal Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Fine Metal Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Fine Metal time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Fine Metal Technologies price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Fine Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 6.55 |
Fine Metal Technologies lagged returns against current returns
Autocorrelation, which is Fine Metal 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 Fine Metal's stock expected returns. We can calculate the autocorrelation of Fine Metal returns to help us make a trade decision. For example, suppose you find that Fine Metal 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 |
Fine Metal 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 Fine Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fine Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fine Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Fine Metal Lagged Returns
When evaluating Fine Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fine Metal stock have on its future price. Fine Metal 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, Fine Metal autocorrelation shows the relationship between Fine Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Fine Metal Technologies.
Regressed Prices |
| Timeline |
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Fine Metal financial ratios help investors to determine whether Fine 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 Fine with respect to the benefits of owning Fine Metal security.