RS Public (Thailand) Market Value
| RS Stock | 5.50 0.05 0.90% |
| Symbol | RS Public |
RS 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 RS 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 RS Public.
| 10/01/2024 |
| 12/30/2024 |
If you would invest 0.00 in RS Public on October 1, 2024 and sell it all today you would earn a total of 0.00 from holding RS Public or generate 0.0% return on investment in RS Public over 90 days. RS Public is related to or competes with AddTech Hub, AJ Advance, Fine Metal, Vintcom Technology, President Automobile, and Premier Technology. More
RS 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 RS 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 RS Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.1 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.67 |
RS Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RS Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RS Public's standard deviation. In reality, there are many statistical measures that can use RS Public historical prices to predict the future RS Public's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.31) |
RS Public Backtested Returns
RS Public retains Efficiency (Sharpe Ratio) of -0.11, which implies the firm had a -0.11% return per unit of price deviation over the last 3 months. RS Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RS Public's market risk adjusted performance of (0.30), and Information Ratio of (0.14) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RS Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding RS Public is expected to be smaller as well. At this point, RS Public has a negative expected return of -0.12%. Please make sure to check RS Public's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if RS Public performance from the past will be repeated at some future date.
Auto-correlation | -0.46 |
Modest reverse predictability
RS Public has modest reverse predictability. Overlapping area represents the amount of predictability between RS Public time series from 1st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 RS Public price movement. The serial correlation of -0.46 indicates that about 46.0% of current RS Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
RS Public lagged returns against current returns
Autocorrelation, which is RS 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 RS Public's stock expected returns. We can calculate the autocorrelation of RS Public returns to help us make a trade decision. For example, suppose you find that RS 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 |
RS 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 RS Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RS Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RS Public stock over time.
Current vs Lagged Prices |
| Timeline |
RS Public Lagged Returns
When evaluating RS Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RS Public stock have on its future price. RS 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, RS Public autocorrelation shows the relationship between RS Public stock current value and its past values and can show if there is a momentum factor associated with investing in RS Public.
Regressed Prices |
| Timeline |
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RS Public financial ratios help investors to determine whether RS Public 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 RS Public with respect to the benefits of owning RS Public security.