Mono Next (Thailand) Market Value
| MONO Stock | THB 2.40 0.52 17.81% |
| Symbol | Mono |
Mono Next '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 Mono Next'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 Mono Next.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Mono Next on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Mono Next Public or generate 0.0% return on investment in Mono Next over 30 days. Mono Next is related to or competes with SRI TRANG, AEON Thana, Asian Alliance, Sikarin Public, Chin Huay, and RB FOOD. Mono Technology Public Company Limited, together with its subsidiaries, engages in the media and content business primar... More
Mono Next 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 Mono Next'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 Mono Next Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.37 | |||
| Information Ratio | 0.1144 | |||
| Maximum Drawdown | 16.57 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 7.94 |
Mono Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mono Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mono Next's standard deviation. In reality, there are many statistical measures that can use Mono Next historical prices to predict the future Mono Next's volatility.| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | 0.5454 | |||
| Total Risk Alpha | 0.0026 | |||
| Sortino Ratio | 0.1254 | |||
| Treynor Ratio | 0.6347 |
Mono Next Public Backtested Returns
Mono Next appears to be very risky, given 3 months investment horizon. Mono Next Public has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Mono Next's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please exercise Mono Next's Risk Adjusted Performance of 0.1137, downside deviation of 4.37, and Mean Deviation of 2.96 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mono Next holds a performance score of 10. The company secures a Beta (Market Risk) of 1.03, which conveys a somewhat significant risk relative to the market. Mono Next returns are very sensitive to returns on the market. As the market goes up or down, Mono Next is expected to follow. Please check Mono Next's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Mono Next's current price movements will revert.
Auto-correlation | 0.17 |
Very weak predictability
Mono Next Public has very weak predictability. Overlapping area represents the amount of predictability between Mono Next time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Mono Next Public price movement. The serial correlation of 0.17 indicates that over 17.0% of current Mono Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Mono Next Public lagged returns against current returns
Autocorrelation, which is Mono Next 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 Mono Next's stock expected returns. We can calculate the autocorrelation of Mono Next returns to help us make a trade decision. For example, suppose you find that Mono Next 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 |
Mono Next 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 Mono Next stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mono Next stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mono Next stock over time.
Current vs Lagged Prices |
| Timeline |
Mono Next Lagged Returns
When evaluating Mono Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mono Next stock have on its future price. Mono Next 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, Mono Next autocorrelation shows the relationship between Mono Next stock current value and its past values and can show if there is a momentum factor associated with investing in Mono Next Public.
Regressed Prices |
| Timeline |
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Mono Next financial ratios help investors to determine whether Mono 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 Mono with respect to the benefits of owning Mono Next security.