Wattana Karnpaet (Thailand) Market Value
| NEW Stock | THB 118.00 17.00 16.83% |
| Symbol | Wattana |
Wattana Karnpaet '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 Wattana Karnpaet'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 Wattana Karnpaet.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Wattana Karnpaet on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Wattana Karnpaet Public or generate 0.0% return on investment in Wattana Karnpaet over 90 days. Wattana Karnpaet is related to or competes with Nonthavej Hospital, Thonburi Medical, Mahachai Hospital, Aikchol Hospital, and Ramkhamhaeng Hospital. Wattana Karnpaet Public Company Limited engages in hospital and medical trading businesses in Thailand More
Wattana Karnpaet 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 Wattana Karnpaet'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 Wattana Karnpaet Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.05 | |||
| Information Ratio | 0.1509 | |||
| Maximum Drawdown | 45.21 | |||
| Value At Risk | (15.13) | |||
| Potential Upside | 14.0 |
Wattana Karnpaet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wattana Karnpaet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wattana Karnpaet's standard deviation. In reality, there are many statistical measures that can use Wattana Karnpaet historical prices to predict the future Wattana Karnpaet's volatility.| Risk Adjusted Performance | 0.1296 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | 2.12 | |||
| Sortino Ratio | 0.0867 | |||
| Treynor Ratio | (1.55) |
Wattana Karnpaet Public Backtested Returns
Wattana Karnpaet appears to be very steady, given 3 months investment horizon. Wattana Karnpaet Public shows Sharpe Ratio of 0.11, which attests that the company had a 0.11 % return per unit of risk over the last 3 months. By examining Wattana Karnpaet's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize Wattana Karnpaet's Mean Deviation of 4.91, market risk adjusted performance of (1.54), and Downside Deviation of 14.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wattana Karnpaet holds a performance score of 8. The firm maintains a market beta of -0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wattana Karnpaet are expected to decrease at a much lower rate. During the bear market, Wattana Karnpaet is likely to outperform the market. Please check Wattana Karnpaet's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Wattana Karnpaet's historical returns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Wattana Karnpaet Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wattana Karnpaet 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 Wattana Karnpaet Public price movement. The serial correlation of -0.16 indicates that over 16.0% of current Wattana Karnpaet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 53.78 |
Wattana Karnpaet Public lagged returns against current returns
Autocorrelation, which is Wattana Karnpaet 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 Wattana Karnpaet's stock expected returns. We can calculate the autocorrelation of Wattana Karnpaet returns to help us make a trade decision. For example, suppose you find that Wattana Karnpaet 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 |
Wattana Karnpaet 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 Wattana Karnpaet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wattana Karnpaet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wattana Karnpaet stock over time.
Current vs Lagged Prices |
| Timeline |
Wattana Karnpaet Lagged Returns
When evaluating Wattana Karnpaet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wattana Karnpaet stock have on its future price. Wattana Karnpaet 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, Wattana Karnpaet autocorrelation shows the relationship between Wattana Karnpaet stock current value and its past values and can show if there is a momentum factor associated with investing in Wattana Karnpaet Public.
Regressed Prices |
| Timeline |
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Wattana Karnpaet financial ratios help investors to determine whether Wattana 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 Wattana with respect to the benefits of owning Wattana Karnpaet security.