Lohakit Metal (Thailand) Market Value
| LHK Stock | THB 3.34 0.02 0.60% |
| Symbol | Lohakit |
Lohakit Metal '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 Lohakit Metal'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 Lohakit Metal.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Lohakit Metal on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Lohakit Metal Public or generate 0.0% return on investment in Lohakit Metal over 30 days. Lohakit Metal is related to or competes with MCS Steel, Asia Plus, Lalin Property, Lam Soon, and KGI Securities. Lohakit Metal Public Company Limited, together with its subsidiaries, engages in processing, distributing, and shearing ... More
Lohakit Metal 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 Lohakit Metal'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 Lohakit Metal Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 2.11 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 0.5682 |
Lohakit Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lohakit Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lohakit Metal's standard deviation. In reality, there are many statistical measures that can use Lohakit Metal historical prices to predict the future Lohakit Metal's volatility.| Risk Adjusted Performance | (0.26) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (2.00) |
Lohakit Metal Public Backtested Returns
Lohakit Metal Public has Sharpe Ratio of -0.36, which conveys that the firm had a -0.36 % return per unit of risk over the last 3 months. Lohakit Metal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lohakit Metal's Mean Deviation of 0.4793, standard deviation of 0.5704, and Risk Adjusted Performance of (0.26) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lohakit Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lohakit Metal is expected to be smaller as well. At this point, Lohakit Metal Public has a negative expected return of -0.2%. Please make sure to verify Lohakit Metal's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Lohakit Metal Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Lohakit Metal Public has good predictability. Overlapping area represents the amount of predictability between Lohakit Metal time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Lohakit Metal Public price movement. The serial correlation of 0.66 indicates that around 66.0% of current Lohakit Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lohakit Metal Public lagged returns against current returns
Autocorrelation, which is Lohakit Metal 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 Lohakit Metal's stock expected returns. We can calculate the autocorrelation of Lohakit Metal returns to help us make a trade decision. For example, suppose you find that Lohakit Metal 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 |
Lohakit Metal 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 Lohakit Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lohakit Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lohakit Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Lohakit Metal Lagged Returns
When evaluating Lohakit Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lohakit Metal stock have on its future price. Lohakit Metal 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, Lohakit Metal autocorrelation shows the relationship between Lohakit Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Lohakit Metal Public.
Regressed Prices |
| Timeline |
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Lohakit Metal financial ratios help investors to determine whether Lohakit 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 Lohakit with respect to the benefits of owning Lohakit Metal security.