Firetrade Engineering (Thailand) Market Value
| FTE Stock | THB 1.53 0.03 2.00% |
| Symbol | Firetrade |
Firetrade Engineering '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 Firetrade Engineering'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 Firetrade Engineering.
| 12/02/2023 |
| 12/26/2024 |
If you would invest 0.00 in Firetrade Engineering on December 2, 2023 and sell it all today you would earn a total of 0.00 from holding Firetrade Engineering Public or generate 0.0% return on investment in Firetrade Engineering over 390 days. Firetrade Engineering is related to or competes with Land, Krung Thai, Bangkok Bank, and Siam Cement. Firetrade Engineering Public Company Limited designs, sells, installs, repairs, and maintains fire protection equipment ... More
Firetrade Engineering 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 Firetrade Engineering'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 Firetrade Engineering Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.0304 | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 2.0 |
Firetrade Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firetrade Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firetrade Engineering's standard deviation. In reality, there are many statistical measures that can use Firetrade Engineering historical prices to predict the future Firetrade Engineering's volatility.| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | 0.0706 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | 0.0276 | |||
| Treynor Ratio | (0.54) |
Firetrade Engineering Backtested Returns
As of now, Firetrade Stock is relatively risky. Firetrade Engineering secures Sharpe Ratio (or Efficiency) of 0.0467, which denotes the company had a 0.0467% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Firetrade Engineering Public, which you can use to evaluate the volatility of the firm. Please confirm Firetrade Engineering's Coefficient Of Variation of 1360.4, downside deviation of 1.14, and Mean Deviation of 0.7906 to check if the risk estimate we provide is consistent with the expected return of 0.0497%. Firetrade Engineering has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Firetrade Engineering are expected to decrease at a much lower rate. During the bear market, Firetrade Engineering is likely to outperform the market. Firetrade Engineering right now shows a risk of 1.07%. Please confirm Firetrade Engineering total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Firetrade Engineering will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Firetrade Engineering Public has insignificant predictability. Overlapping area represents the amount of predictability between Firetrade Engineering time series from 2nd of December 2023 to 14th of June 2024 and 14th of June 2024 to 26th 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 Firetrade Engineering price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Firetrade Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Firetrade Engineering lagged returns against current returns
Autocorrelation, which is Firetrade Engineering 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 Firetrade Engineering's stock expected returns. We can calculate the autocorrelation of Firetrade Engineering returns to help us make a trade decision. For example, suppose you find that Firetrade Engineering 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 |
Firetrade Engineering 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 Firetrade Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firetrade Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Firetrade Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Firetrade Engineering Lagged Returns
When evaluating Firetrade Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Firetrade Engineering stock have on its future price. Firetrade Engineering 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, Firetrade Engineering autocorrelation shows the relationship between Firetrade Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Firetrade Engineering Public.
Regressed Prices |
| Timeline |
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Firetrade Engineering financial ratios help investors to determine whether Firetrade 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 Firetrade with respect to the benefits of owning Firetrade Engineering security.