SCB X (Thailand) Market Value
| SCB Stock | THB 114.50 0.50 0.44% |
| Symbol | SCB |
SCB X '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 SCB X'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 SCB X.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in SCB X on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding SCB X Public or generate 0.0% return on investment in SCB X over 540 days. SCB X is related to or competes with Bangkok Dusit, Bank of Ayudhya, KTBST Mixed, TISCO Financial, Krung Thai, BA Airport, and Kiatnakin Phatra. SCB X Public Company Limited operates as a holding company for The Siam Commercial Bank Public Company Limited that prov... More
SCB X 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 SCB X'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 SCB X Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8808 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 7.76 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.37 |
SCB X Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCB X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCB X's standard deviation. In reality, there are many statistical measures that can use SCB X historical prices to predict the future SCB X's volatility.| Risk Adjusted Performance | 0.0935 | |||
| Jensen Alpha | 0.1034 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0059 | |||
| Treynor Ratio | 0.81 |
SCB X Public Backtested Returns
As of now, SCB Stock is very steady. SCB X Public retains Efficiency (Sharpe Ratio) of 0.13, which indicates the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for SCB X, which you can use to evaluate the volatility of the entity. Please validate SCB X's Market Risk Adjusted Performance of 0.82, standard deviation of 1.11, and Semi Deviation of 0.5688 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. SCB X has a performance score of 10 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SCB X's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCB X is expected to be smaller as well. SCB X Public now owns a risk of 1.14%. Please validate SCB X Public semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if SCB X Public will be following its current price history.
Auto-correlation | 0.07 |
Virtually no predictability
SCB X Public has virtually no predictability. Overlapping area represents the amount of predictability between SCB X time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 SCB X Public price movement. The serial correlation of 0.07 indicates that barely 7.0% of current SCB X price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 22.74 |
SCB X Public lagged returns against current returns
Autocorrelation, which is SCB X 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 SCB X's stock expected returns. We can calculate the autocorrelation of SCB X returns to help us make a trade decision. For example, suppose you find that SCB X 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 |
SCB X 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 SCB X stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCB X stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCB X stock over time.
Current vs Lagged Prices |
| Timeline |
SCB X Lagged Returns
When evaluating SCB X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCB X stock have on its future price. SCB X 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, SCB X autocorrelation shows the relationship between SCB X stock current value and its past values and can show if there is a momentum factor associated with investing in SCB X Public.
Regressed Prices |
| Timeline |
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SCB X financial ratios help investors to determine whether SCB 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 SCB with respect to the benefits of owning SCB X security.