Multibax Public (Thailand) Market Value
| MBAX Stock | THB 1.80 0.03 1.69% |
| Symbol | Multibax |
Multibax 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 Multibax 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 Multibax Public.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Multibax Public on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Multibax Public or generate 0.0% return on investment in Multibax Public over 90 days. Multibax Public is related to or competes with Lease IT, MCS Steel, Kingsmen CMTI, and Moong Pattana. Multibax Public Company Limited manufactures and distributes polymer bags in Thailand More
Multibax 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 Multibax 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 Multibax Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.35 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 2.21 |
Multibax Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multibax Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multibax Public's standard deviation. In reality, there are many statistical measures that can use Multibax Public historical prices to predict the future Multibax Public's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.1307 | |||
| Treynor Ratio | 1.37 |
Multibax Public Backtested Returns
Multibax Public has Sharpe Ratio of -0.0548, which conveys that the firm had a -0.0548 % return per unit of risk over the last 3 months. Multibax Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multibax Public's Mean Deviation of 1.29, risk adjusted performance of (0.04), and Standard Deviation of 2.0 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0873, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Multibax Public are expected to decrease at a much lower rate. During the bear market, Multibax Public is likely to outperform the market. At this point, Multibax Public has a negative expected return of -0.11%. Please make sure to verify Multibax Public's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Multibax Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Multibax Public has poor predictability. Overlapping area represents the amount of predictability between Multibax Public time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Multibax Public price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Multibax Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Multibax Public lagged returns against current returns
Autocorrelation, which is Multibax 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 Multibax Public's stock expected returns. We can calculate the autocorrelation of Multibax Public returns to help us make a trade decision. For example, suppose you find that Multibax 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 |
Multibax 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 Multibax Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multibax Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multibax Public stock over time.
Current vs Lagged Prices |
| Timeline |
Multibax Public Lagged Returns
When evaluating Multibax Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multibax Public stock have on its future price. Multibax 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, Multibax Public autocorrelation shows the relationship between Multibax Public stock current value and its past values and can show if there is a momentum factor associated with investing in Multibax Public.
Regressed Prices |
| Timeline |
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Multibax Public financial ratios help investors to determine whether Multibax 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 Multibax with respect to the benefits of owning Multibax Public security.