Kasikornbank Public (Thailand) Market Value
| KBANK Stock | THB 150.50 0.50 0.33% |
| Symbol | Kasikornbank |
Kasikornbank 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 Kasikornbank 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 Kasikornbank Public.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Kasikornbank Public on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Kasikornbank Public or generate 0.0% return on investment in Kasikornbank Public over 30 days. Kasikornbank Public is related to or competes with SCB X, Bangkok Bank, PTT Public, CP ALL, and Airports. Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services i... More
Kasikornbank 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 Kasikornbank 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 Kasikornbank Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.97 |
Kasikornbank Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kasikornbank Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kasikornbank Public's standard deviation. In reality, there are many statistical measures that can use Kasikornbank Public historical prices to predict the future Kasikornbank Public's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.0636 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.5451 |
Kasikornbank Public Backtested Returns
At this point, Kasikornbank Public is very steady. Kasikornbank Public has Sharpe Ratio of 0.0816, which conveys that the firm had a 0.0816% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kasikornbank Public, which you can use to evaluate the volatility of the firm. Please verify Kasikornbank Public's Mean Deviation of 0.8068, risk adjusted performance of 0.0664, and Downside Deviation of 1.22 to check out if the risk estimate we provide is consistent with the expected return of 0.0917%. Kasikornbank Public has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kasikornbank Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kasikornbank Public is expected to be smaller as well. Kasikornbank Public right now secures a risk of 1.12%. Please verify Kasikornbank Public expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Kasikornbank Public will be following its current price movements.
Auto-correlation | 0.36 |
Below average predictability
Kasikornbank Public has below average predictability. Overlapping area represents the amount of predictability between Kasikornbank Public time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Kasikornbank Public price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Kasikornbank Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Kasikornbank Public lagged returns against current returns
Autocorrelation, which is Kasikornbank 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 Kasikornbank Public's stock expected returns. We can calculate the autocorrelation of Kasikornbank Public returns to help us make a trade decision. For example, suppose you find that Kasikornbank 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 |
Kasikornbank 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 Kasikornbank Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kasikornbank Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kasikornbank Public stock over time.
Current vs Lagged Prices |
| Timeline |
Kasikornbank Public Lagged Returns
When evaluating Kasikornbank Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kasikornbank Public stock have on its future price. Kasikornbank 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, Kasikornbank Public autocorrelation shows the relationship between Kasikornbank Public stock current value and its past values and can show if there is a momentum factor associated with investing in Kasikornbank Public.
Regressed Prices |
| Timeline |
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Kasikornbank Public financial ratios help investors to determine whether Kasikornbank 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 Kasikornbank with respect to the benefits of owning Kasikornbank Public security.