Getabec Public (Thailand) Market Value
| GTB Stock | THB 0.71 0.01 1.39% |
| Symbol | Getabec |
Getabec Public '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 Getabec Public'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 Getabec Public.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Getabec Public on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Getabec Public or generate 0.0% return on investment in Getabec Public over 360 days. Getabec Public is related to or competes with Hydrotek Public, BuilderSmart Public, Salee Colour, Home Pottery, and CPR Gomu. Getabec Public Company Limited manufactures and distributes boilers and pressure vessels. More
Getabec Public 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 Getabec Public'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 Getabec Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.93 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.74 |
Getabec Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Getabec Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Getabec Public's standard deviation. In reality, there are many statistical measures that can use Getabec Public historical prices to predict the future Getabec Public's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | 0.0356 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.27) |
Getabec Public Backtested Returns
As of now, Getabec Stock is dangerous. Getabec Public holds Efficiency (Sharpe) Ratio of 0.0218, which attests that the entity had a 0.0218% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Getabec Public, which you can use to evaluate the volatility of the firm. Please check out Getabec Public's Downside Deviation of 2.15, risk adjusted performance of 0.0215, and Market Risk Adjusted Performance of (0.26) to validate if the risk estimate we provide is consistent with the expected return of 0.0371%. Getabec Public has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0917, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Getabec Public are expected to decrease at a much lower rate. During the bear market, Getabec Public is likely to outperform the market. Getabec Public right now retains a risk of 1.7%. Please check out Getabec Public total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Getabec Public will be following its current trending patterns.
Auto-correlation | 0.16 |
Very weak predictability
Getabec Public has very weak predictability. Overlapping area represents the amount of predictability between Getabec Public 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 Getabec Public price movement. The serial correlation of 0.16 indicates that over 16.0% of current Getabec Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Getabec Public lagged returns against current returns
Autocorrelation, which is Getabec Public 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 Getabec Public's stock expected returns. We can calculate the autocorrelation of Getabec Public returns to help us make a trade decision. For example, suppose you find that Getabec Public 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 |
Getabec Public 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 Getabec Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Getabec Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Getabec Public stock over time.
Current vs Lagged Prices |
| Timeline |
Getabec Public Lagged Returns
When evaluating Getabec Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Getabec Public stock have on its future price. Getabec Public 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, Getabec Public autocorrelation shows the relationship between Getabec Public stock current value and its past values and can show if there is a momentum factor associated with investing in Getabec Public.
Regressed Prices |
| Timeline |
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Getabec Public financial ratios help investors to determine whether Getabec 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 Getabec with respect to the benefits of owning Getabec Public security.