Sahamit Machinery (Thailand) Market Value
| SMIT Stock | THB 3.96 0.02 0.50% |
| Symbol | Sahamit |
Sahamit Machinery '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 Sahamit Machinery'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 Sahamit Machinery.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Sahamit Machinery on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sahamit Machinery Public or generate 0.0% return on investment in Sahamit Machinery over 30 days. Sahamit Machinery is related to or competes with Land, CH Karnchang, Krung Thai, Bangkok Bank, and Siam Cement. Sahamit Machinery Public Company Limited imports and distributes materials, machinery, and appliances for industries in ... More
Sahamit Machinery 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 Sahamit Machinery'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 Sahamit Machinery Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.9756 |
Sahamit Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sahamit Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sahamit Machinery's standard deviation. In reality, there are many statistical measures that can use Sahamit Machinery historical prices to predict the future Sahamit Machinery's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.79) |
Sahamit Machinery Public Backtested Returns
Sahamit Machinery Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Sahamit Machinery Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sahamit Machinery's Coefficient Of Variation of (947.52), risk adjusted performance of (0.09), and Variance of 0.4693 to confirm the risk estimate we provide. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sahamit Machinery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sahamit Machinery is expected to be smaller as well. At this point, Sahamit Machinery Public has a negative expected return of -0.094%. Please make sure to validate Sahamit Machinery's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Sahamit Machinery Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Sahamit Machinery Public has good predictability. Overlapping area represents the amount of predictability between Sahamit Machinery time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Sahamit Machinery Public price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Sahamit Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sahamit Machinery Public lagged returns against current returns
Autocorrelation, which is Sahamit Machinery 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 Sahamit Machinery's stock expected returns. We can calculate the autocorrelation of Sahamit Machinery returns to help us make a trade decision. For example, suppose you find that Sahamit Machinery 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 |
Sahamit Machinery 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 Sahamit Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sahamit Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sahamit Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Sahamit Machinery Lagged Returns
When evaluating Sahamit Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sahamit Machinery stock have on its future price. Sahamit Machinery 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, Sahamit Machinery autocorrelation shows the relationship between Sahamit Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Sahamit Machinery Public.
Regressed Prices |
| Timeline |
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Sahamit Machinery financial ratios help investors to determine whether Sahamit 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 Sahamit with respect to the benefits of owning Sahamit Machinery security.