Somboon Advance (Thailand) Market Value

SAT Stock  THB 11.10  0.10  0.91%   
Somboon Advance's market value is the price at which a share of Somboon Advance trades on a public exchange. It measures the collective expectations of Somboon Advance Technology investors about its performance. Somboon Advance is selling for 11.10 as of the 17th of March 2025. This is a 0.91 percent increase since the beginning of the trading day. The stock's last reported lowest price was 10.9.
With this module, you can estimate the performance of a buy and hold strategy of Somboon Advance Technology and determine expected loss or profit from investing in Somboon Advance over a given investment horizon. Check out Somboon Advance Correlation, Somboon Advance Volatility and Somboon Advance Alpha and Beta module to complement your research on Somboon Advance.
Symbol

Please note, there is a significant difference between Somboon Advance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Somboon Advance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Somboon Advance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Somboon Advance '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 Somboon Advance'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 Somboon Advance.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Somboon Advance on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Somboon Advance Technology or generate 0.0% return on investment in Somboon Advance over 90 days. Somboon Advance is related to or competes with AAPICO Hitech, Thai Stanley, Hana Microelectronics, TISCO Financial, and Quality Houses. Somboon Advance Technology Public Company Limited manufactures and sells pick-up axles and truck trunnion shafts in Thai... More

Somboon Advance 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 Somboon Advance'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 Somboon Advance Technology upside and downside potential and time the market with a certain degree of confidence.

Somboon Advance Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Somboon Advance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Somboon Advance's standard deviation. In reality, there are many statistical measures that can use Somboon Advance historical prices to predict the future Somboon Advance's volatility.
Hype
Prediction
LowEstimatedHigh
8.9011.1013.30
Details
Intrinsic
Valuation
LowRealHigh
8.4210.6212.82
Details
Naive
Forecast
LowNextHigh
8.4810.6912.89
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.7911.0411.29
Details

Somboon Advance Tech Backtested Returns

Somboon Advance appears to be not too volatile, given 3 months investment horizon. Somboon Advance Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Somboon Advance Technology, which you can use to evaluate the volatility of the company. Please review Somboon Advance's Risk Adjusted Performance of 0.0834, coefficient of variation of 1127.92, and Semi Deviation of 1.49 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Somboon Advance holds a performance score of 10. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Somboon Advance are expected to decrease at a much lower rate. During the bear market, Somboon Advance is likely to outperform the market. Please check Somboon Advance'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 Somboon Advance's existing price patterns will revert.

Auto-correlation

    
  -0.42  

Modest reverse predictability

Somboon Advance Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Somboon Advance 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 Somboon Advance Tech price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Somboon Advance price fluctuation can be explain by its past prices.
Correlation Coefficient-0.42
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.65

Somboon Advance Tech lagged returns against current returns

Autocorrelation, which is Somboon Advance 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 Somboon Advance's stock expected returns. We can calculate the autocorrelation of Somboon Advance returns to help us make a trade decision. For example, suppose you find that Somboon Advance 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  

Somboon Advance 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 Somboon Advance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Somboon Advance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Somboon Advance stock over time.
   Current vs Lagged Prices   
       Timeline  

Somboon Advance Lagged Returns

When evaluating Somboon Advance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Somboon Advance stock have on its future price. Somboon Advance 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, Somboon Advance autocorrelation shows the relationship between Somboon Advance stock current value and its past values and can show if there is a momentum factor associated with investing in Somboon Advance Technology.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Somboon Stock

Somboon Advance financial ratios help investors to determine whether Somboon 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 Somboon with respect to the benefits of owning Somboon Advance security.