Silicon Craft (Thailand) Market Value
| SICT Stock | THB 4.10 0.24 5.53% |
| Symbol | Silicon |
Silicon Craft '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 Silicon Craft'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 Silicon Craft.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Silicon Craft on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Silicon Craft Technology or generate 0.0% return on investment in Silicon Craft over 30 days. Silicon Craft is related to or competes with North East, Mega Lifesciences, KCE Electronics, Singer Thailand, and Hana Microelectronics. Silicon Craft Technology Public Company Limited, an integrated circuit design company, designs, markets, and sells micro... More
Silicon Craft 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 Silicon Craft'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 Silicon Craft Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 28.36 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 6.84 |
Silicon Craft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silicon Craft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silicon Craft's standard deviation. In reality, there are many statistical measures that can use Silicon Craft historical prices to predict the future Silicon Craft's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.36) |
Silicon Craft Technology Backtested Returns
Silicon Craft Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0654, which indicates the firm had a -0.0654% return per unit of risk over the last 3 months. Silicon Craft Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Silicon Craft's Risk Adjusted Performance of (0.02), coefficient of variation of (2,683), and Variance of 15.06 to confirm the risk estimate we provide. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Silicon Craft's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silicon Craft is expected to be smaller as well. At this point, Silicon Craft Technology has a negative expected return of -0.26%. Please make sure to validate Silicon Craft's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Silicon Craft Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Silicon Craft Technology has very good predictability. Overlapping area represents the amount of predictability between Silicon Craft time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Silicon Craft Technology price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Silicon Craft price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Silicon Craft Technology lagged returns against current returns
Autocorrelation, which is Silicon Craft 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 Silicon Craft's stock expected returns. We can calculate the autocorrelation of Silicon Craft returns to help us make a trade decision. For example, suppose you find that Silicon Craft 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 |
Silicon Craft 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 Silicon Craft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silicon Craft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silicon Craft stock over time.
Current vs Lagged Prices |
| Timeline |
Silicon Craft Lagged Returns
When evaluating Silicon Craft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silicon Craft stock have on its future price. Silicon Craft 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, Silicon Craft autocorrelation shows the relationship between Silicon Craft stock current value and its past values and can show if there is a momentum factor associated with investing in Silicon Craft Technology.
Regressed Prices |
| Timeline |
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Silicon Craft financial ratios help investors to determine whether Silicon 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 Silicon with respect to the benefits of owning Silicon Craft security.