Grande Asset (Thailand) Market Value
| GRAND Stock | THB 0.09 0.01 12.50% |
| Symbol | Grande |
Grande Asset '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 Grande Asset'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 Grande Asset.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Grande Asset on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Grande Asset Hotels or generate 0.0% return on investment in Grande Asset over 360 days. Grande Asset is related to or competes with Techno Medical, Asia Medical, Silicon Craft, AJ Advance, AddTech Hub, Eastern Technical, and Quality Construction. Grande Asset Hotels and Property Public Company Limited, together with its subsidiaries, engages in the hotel, property ... More
Grande Asset 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 Grande Asset'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 Grande Asset Hotels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.15 | |||
| Information Ratio | 0.0416 | |||
| Maximum Drawdown | 41.56 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Grande Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grande Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grande Asset's standard deviation. In reality, there are many statistical measures that can use Grande Asset historical prices to predict the future Grande Asset's volatility.| Risk Adjusted Performance | 0.0541 | |||
| Jensen Alpha | 0.3067 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.4502 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grande Asset'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.
Grande Asset Hotels Backtested Returns
Grande Asset appears to be out of control, given 3 months investment horizon. Grande Asset Hotels holds Efficiency (Sharpe) Ratio of 0.0343, which attests that the entity had a 0.0343% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Grande Asset Hotels, which you can use to evaluate the volatility of the firm. Please utilize Grande Asset's risk adjusted performance of 0.0541, and Market Risk Adjusted Performance of 0.4602 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grande Asset holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 0.91, which attests to possible diversification benefits within a given portfolio. Grande Asset returns are very sensitive to returns on the market. As the market goes up or down, Grande Asset is expected to follow. Please check Grande Asset's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether Grande Asset's current trending patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Grande Asset Hotels has insignificant reverse predictability. Overlapping area represents the amount of predictability between Grande Asset time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Grande Asset Hotels price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Grande Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Grande Asset Hotels lagged returns against current returns
Autocorrelation, which is Grande Asset 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 Grande Asset's stock expected returns. We can calculate the autocorrelation of Grande Asset returns to help us make a trade decision. For example, suppose you find that Grande Asset 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 |
Grande Asset 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 Grande Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grande Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grande Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Grande Asset Lagged Returns
When evaluating Grande Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grande Asset stock have on its future price. Grande Asset 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, Grande Asset autocorrelation shows the relationship between Grande Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Grande Asset Hotels.
Regressed Prices |
| Timeline |
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Grande Asset financial ratios help investors to determine whether Grande 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 Grande with respect to the benefits of owning Grande Asset security.