ICC International (Thailand) Market Value
| ICC Stock | THB 31.75 0.25 0.78% |
| Symbol | ICC |
ICC International '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 ICC International'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 ICC International.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in ICC International on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding ICC International Public or generate 0.0% return on investment in ICC International over 30 days. ICC International is related to or competes with Sri Trang, Charoen Pokphand, Thai Union, Siam Cement, and PTT Exploration. International Public Company Limited distributes consumer products in Thailand and internationally More
ICC International 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 ICC International'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 ICC International Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.31 |
ICC International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICC International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICC International's standard deviation. In reality, there are many statistical measures that can use ICC International historical prices to predict the future ICC International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.67 |
ICC International Public Backtested Returns
ICC International Public retains Efficiency (Sharpe Ratio) of -0.0273, which attests that the company had a -0.0273% return per unit of return volatility over the last 3 months. ICC International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ICC International's Market Risk Adjusted Performance of 1.68, standard deviation of 1.72, and Coefficient Of Variation of (3,082) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0393, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ICC International are expected to decrease at a much lower rate. During the bear market, ICC International is likely to outperform the market. At this point, ICC International Public has a negative expected return of -0.0496%. Please make sure to check out ICC International's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if ICC International Public performance from the past will be repeated in the future.
Auto-correlation | 0.78 |
Good predictability
ICC International Public has good predictability. Overlapping area represents the amount of predictability between ICC International time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 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 ICC International Public price movement. The serial correlation of 0.78 indicates that around 78.0% of current ICC International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
ICC International Public lagged returns against current returns
Autocorrelation, which is ICC International 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 ICC International's stock expected returns. We can calculate the autocorrelation of ICC International returns to help us make a trade decision. For example, suppose you find that ICC International 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 |
ICC International 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 ICC International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICC International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICC International stock over time.
Current vs Lagged Prices |
| Timeline |
ICC International Lagged Returns
When evaluating ICC International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICC International stock have on its future price. ICC International 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, ICC International autocorrelation shows the relationship between ICC International stock current value and its past values and can show if there is a momentum factor associated with investing in ICC International Public.
Regressed Prices |
| Timeline |
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ICC International financial ratios help investors to determine whether ICC 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 ICC with respect to the benefits of owning ICC International security.