POSCO Thainox (Thailand) Market Value
| INOX Stock | THB 0.48 0.01 2.04% |
| Symbol | POSCO |
POSCO Thainox '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 POSCO Thainox'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 POSCO Thainox.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in POSCO Thainox on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding POSCO Thainox Public or generate 0.0% return on investment in POSCO Thainox over 30 days. POSCO Thainox is related to or competes with Internet Thailand, G J, and Italian Thai. POSCO-Thainox Public Company Limited produces, sells, and exports cold-rolled stainless steel products in Thailand and i... More
POSCO Thainox 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 POSCO Thainox'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 POSCO Thainox Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.55 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.77 |
POSCO Thainox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POSCO Thainox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POSCO Thainox's standard deviation. In reality, there are many statistical measures that can use POSCO Thainox historical prices to predict the future POSCO Thainox's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.7309 |
POSCO Thainox Public Backtested Returns
POSCO Thainox Public maintains Sharpe Ratio (i.e., Efficiency) of -0.0557, which implies the firm had a -0.0557% return per unit of standard deviation over the last 3 months. POSCO Thainox Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check POSCO Thainox's Market Risk Adjusted Performance of 0.7409, coefficient of variation of (2,491), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning POSCO Thainox are expected to decrease at a much lower rate. During the bear market, POSCO Thainox is likely to outperform the market. At this point, POSCO Thainox Public has a negative expected return of -0.13%. Please make sure to check POSCO Thainox's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if POSCO Thainox Public performance from the past will be repeated at some future point.
Auto-correlation | -0.02 |
Very weak reverse predictability
POSCO Thainox Public has very weak reverse predictability. Overlapping area represents the amount of predictability between POSCO Thainox time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 POSCO Thainox Public price movement. The serial correlation of -0.02 indicates that only 2.0% of current POSCO Thainox price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
POSCO Thainox Public lagged returns against current returns
Autocorrelation, which is POSCO Thainox 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 POSCO Thainox's stock expected returns. We can calculate the autocorrelation of POSCO Thainox returns to help us make a trade decision. For example, suppose you find that POSCO Thainox 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 |
POSCO Thainox 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 POSCO Thainox stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POSCO Thainox stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POSCO Thainox stock over time.
Current vs Lagged Prices |
| Timeline |
POSCO Thainox Lagged Returns
When evaluating POSCO Thainox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POSCO Thainox stock have on its future price. POSCO Thainox 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, POSCO Thainox autocorrelation shows the relationship between POSCO Thainox stock current value and its past values and can show if there is a momentum factor associated with investing in POSCO Thainox Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in POSCO Stock
POSCO Thainox financial ratios help investors to determine whether POSCO 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 POSCO with respect to the benefits of owning POSCO Thainox security.