Symphony Communication (Thailand) Market Value
| SYMC Stock | THB 5.40 0.10 1.89% |
| Symbol | Symphony |
Symphony Communication '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 Symphony Communication'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 Symphony Communication.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Symphony Communication on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Symphony Communication Public or generate 0.0% return on investment in Symphony Communication over 90 days. Symphony Communication is related to or competes with Synnex Public, SVOA Public, Samart Telcoms, SVI Public, and Interlink Communication. Symphony Communication Public Company Limited provides communication high-speed circuit services in Thailand and interna... More
Symphony Communication 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 Symphony Communication'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 Symphony Communication Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 12.38 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 3.88 |
Symphony Communication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Symphony Communication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Symphony Communication's standard deviation. In reality, there are many statistical measures that can use Symphony Communication historical prices to predict the future Symphony Communication's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (1.30) |
Symphony Communication Backtested Returns
Symphony Communication owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19 % return per unit of risk over the last 3 months. Symphony Communication Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Symphony Communication's Coefficient Of Variation of (443.33), variance of 7.02, and Risk Adjusted Performance of (0.19) to confirm the risk estimate we provide. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Symphony Communication's returns are expected to increase less than the market. However, during the bear market, the loss of holding Symphony Communication is expected to be smaller as well. At this point, Symphony Communication has a negative expected return of -0.52%. Please make sure to validate Symphony Communication's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Symphony Communication performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Symphony Communication Public has good predictability. Overlapping area represents the amount of predictability between Symphony Communication 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 Symphony Communication price movement. The serial correlation of 0.78 indicates that around 78.0% of current Symphony Communication price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Symphony Communication lagged returns against current returns
Autocorrelation, which is Symphony Communication 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 Symphony Communication's stock expected returns. We can calculate the autocorrelation of Symphony Communication returns to help us make a trade decision. For example, suppose you find that Symphony Communication 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 |
Symphony Communication 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 Symphony Communication stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Symphony Communication stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Symphony Communication stock over time.
Current vs Lagged Prices |
| Timeline |
Symphony Communication Lagged Returns
When evaluating Symphony Communication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Symphony Communication stock have on its future price. Symphony Communication 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, Symphony Communication autocorrelation shows the relationship between Symphony Communication stock current value and its past values and can show if there is a momentum factor associated with investing in Symphony Communication Public.
Regressed Prices |
| Timeline |
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Symphony Communication financial ratios help investors to determine whether Symphony 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 Symphony with respect to the benefits of owning Symphony Communication security.