Forth Smart (Thailand) Market Value
| FSMART Stock | THB 8.85 0.25 2.91% |
| Symbol | Forth |
Forth Smart '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 Forth Smart'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 Forth Smart.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Forth Smart on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Forth Smart Service or generate 0.0% return on investment in Forth Smart over 90 days. Forth Smart is related to or competes with Forth Public, Hana Microelectronics, AP Public, Home Product, and Com7 PCL. Forth Smart Service Public Company Limited, together with its subsidiaries, provides various top-up services for prepaid... More
Forth Smart 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 Forth Smart'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 Forth Smart Service upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.1275 | |||
| Maximum Drawdown | 31.13 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 8.07 |
Forth Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forth Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forth Smart's standard deviation. In reality, there are many statistical measures that can use Forth Smart historical prices to predict the future Forth Smart's volatility.| Risk Adjusted Performance | 0.1249 | |||
| Jensen Alpha | 0.7605 | |||
| Total Risk Alpha | 0.0678 | |||
| Sortino Ratio | 0.1854 | |||
| Treynor Ratio | (0.78) |
Forth Smart Service Backtested Returns
Forth Smart appears to be slightly risky, given 3 months investment horizon. Forth Smart Service 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 found thirty technical indicators for Forth Smart Service, which you can use to evaluate the volatility of the firm. Please utilize Forth Smart's Mean Deviation of 2.93, downside deviation of 3.07, and Coefficient Of Variation of 654.05 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Forth Smart holds a performance score of 8. The firm shows a Beta (market volatility) of -0.86, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Forth Smart are expected to decrease slowly. On the other hand, during market turmoil, Forth Smart is expected to outperform it slightly. Please check Forth Smart's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Forth Smart's price patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Forth Smart Service has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Forth Smart time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 Forth Smart Service price movement. The serial correlation of -0.76 indicates that around 76.0% of current Forth Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Forth Smart Service lagged returns against current returns
Autocorrelation, which is Forth Smart 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 Forth Smart's stock expected returns. We can calculate the autocorrelation of Forth Smart returns to help us make a trade decision. For example, suppose you find that Forth Smart 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 |
Forth Smart 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 Forth Smart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forth Smart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forth Smart stock over time.
Current vs Lagged Prices |
| Timeline |
Forth Smart Lagged Returns
When evaluating Forth Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forth Smart stock have on its future price. Forth Smart 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, Forth Smart autocorrelation shows the relationship between Forth Smart stock current value and its past values and can show if there is a momentum factor associated with investing in Forth Smart Service.
Regressed Prices |
| Timeline |
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Forth Smart financial ratios help investors to determine whether Forth 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 Forth with respect to the benefits of owning Forth Smart security.