Right Tunnelling (Thailand) Market Value
| RT Stock | THB 0.30 0.01 3.23% |
| Symbol | Right |
Right Tunnelling '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 Right Tunnelling'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 Right Tunnelling.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Right Tunnelling on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Right Tunnelling Public or generate 0.0% return on investment in Right Tunnelling over 90 days. Right Tunnelling is related to or competes with North East, Seafco Public, PTG Energy, and Somboon Advance. Right Tunnelling Public Company Limited engages in the provision of construction services, and underground rock and dam ... More
Right Tunnelling 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 Right Tunnelling'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 Right Tunnelling Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 19.72 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 3.57 |
Right Tunnelling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Right Tunnelling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Right Tunnelling's standard deviation. In reality, there are many statistical measures that can use Right Tunnelling historical prices to predict the future Right Tunnelling's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | 0.1876 | |||
| Treynor Ratio | (0.54) |
Right Tunnelling Public Backtested Returns
Right Tunnelling Public maintains Sharpe Ratio (i.e., Efficiency) of -0.086, which implies the firm had a -0.086 % return per unit of risk over the last 3 months. Right Tunnelling Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Right Tunnelling's Variance of 10.39, risk adjusted performance of (0.08), and Coefficient Of Variation of (932.76) to confirm the risk estimate we provide. The company holds a Beta of 0.66, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Right Tunnelling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Right Tunnelling is expected to be smaller as well. At this point, Right Tunnelling Public has a negative expected return of -0.28%. Please make sure to check Right Tunnelling's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Right Tunnelling Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Right Tunnelling Public has very weak predictability. Overlapping area represents the amount of predictability between Right Tunnelling time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Right Tunnelling Public price movement. The serial correlation of 0.17 indicates that over 17.0% of current Right Tunnelling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Right Tunnelling Public lagged returns against current returns
Autocorrelation, which is Right Tunnelling 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 Right Tunnelling's stock expected returns. We can calculate the autocorrelation of Right Tunnelling returns to help us make a trade decision. For example, suppose you find that Right Tunnelling 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 |
Right Tunnelling 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 Right Tunnelling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Right Tunnelling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Right Tunnelling stock over time.
Current vs Lagged Prices |
| Timeline |
Right Tunnelling Lagged Returns
When evaluating Right Tunnelling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Right Tunnelling stock have on its future price. Right Tunnelling 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, Right Tunnelling autocorrelation shows the relationship between Right Tunnelling stock current value and its past values and can show if there is a momentum factor associated with investing in Right Tunnelling Public.
Regressed Prices |
| Timeline |
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Right Tunnelling financial ratios help investors to determine whether Right 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 Right with respect to the benefits of owning Right Tunnelling security.