Rajthanee Hospital (Thailand) Market Value
| RJH Stock | THB 21.40 0.20 0.94% |
| Symbol | Rajthanee |
Rajthanee Hospital '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 Rajthanee Hospital'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 Rajthanee Hospital.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Rajthanee Hospital on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Rajthanee Hospital Public or generate 0.0% return on investment in Rajthanee Hospital over 30 days. Rajthanee Hospital is related to or competes with Chularat Hospital, Ekachai Medical, Bangkok Chain, and Srivichaivejvivat. Rajthanee Hospital Public Company Limited, together with its subsidiary, provides healthcare services in Thailand More
Rajthanee Hospital 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 Rajthanee Hospital'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 Rajthanee Hospital Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.01 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.28 |
Rajthanee Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rajthanee Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rajthanee Hospital's standard deviation. In reality, there are many statistical measures that can use Rajthanee Hospital historical prices to predict the future Rajthanee Hospital's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (1.60) |
Rajthanee Hospital Public Backtested Returns
Rajthanee Hospital Public maintains Sharpe Ratio (i.e., Efficiency) of -0.0464, which implies the firm had a -0.0464% return per unit of risk over the last 3 months. Rajthanee Hospital Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rajthanee Hospital's Risk Adjusted Performance of (0.03), variance of 3.77, and Coefficient Of Variation of (1,869) to confirm the risk estimate we provide. The company holds a Beta of 0.0713, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rajthanee Hospital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rajthanee Hospital is expected to be smaller as well. At this point, Rajthanee Hospital Public has a negative expected return of -0.0931%. Please make sure to check Rajthanee Hospital's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Rajthanee Hospital Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Rajthanee Hospital Public has below average predictability. Overlapping area represents the amount of predictability between Rajthanee Hospital time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Rajthanee Hospital Public price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Rajthanee Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Rajthanee Hospital Public lagged returns against current returns
Autocorrelation, which is Rajthanee Hospital 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 Rajthanee Hospital's stock expected returns. We can calculate the autocorrelation of Rajthanee Hospital returns to help us make a trade decision. For example, suppose you find that Rajthanee Hospital 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 |
Rajthanee Hospital 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 Rajthanee Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rajthanee Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rajthanee Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Rajthanee Hospital Lagged Returns
When evaluating Rajthanee Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rajthanee Hospital stock have on its future price. Rajthanee Hospital 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, Rajthanee Hospital autocorrelation shows the relationship between Rajthanee Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Rajthanee Hospital Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Rajthanee Stock
Rajthanee Hospital financial ratios help investors to determine whether Rajthanee 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 Rajthanee with respect to the benefits of owning Rajthanee Hospital security.