Steel Public (Thailand) Market Value
| THE Stock | THB 0.66 0.05 7.04% |
| Symbol | Steel |
Steel Public '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 Steel Public'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 Steel Public.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Steel Public on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding The Steel Public or generate 0.0% return on investment in Steel Public over 90 days. Steel Public is related to or competes with TMT Steel, Tycoons Worldwide, and Siam Steel. The Steel Public Company Limited engages in selling and transforming steel products in Thailand More
Steel Public 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 Steel Public'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 The Steel Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0271 | |||
| Maximum Drawdown | 17.64 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.48 |
Steel Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steel Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steel Public's standard deviation. In reality, there are many statistical measures that can use Steel Public historical prices to predict the future Steel Public's volatility.| Risk Adjusted Performance | 0.0015 | |||
| Jensen Alpha | 0.0048 | |||
| Total Risk Alpha | 0.3409 | |||
| Treynor Ratio | (0.09) |
Steel Public Backtested Returns
Steel Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0287, which indicates the firm had a -0.0287 % return per unit of risk over the last 3 months. The Steel Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steel Public's Variance of 8.72, coefficient of variation of (15,573), and Risk Adjusted Performance of 0.0015 to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steel Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steel Public is expected to be smaller as well. At this point, Steel Public has a negative expected return of -0.0905%. Please make sure to validate Steel Public's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Steel Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
The Steel Public has modest reverse predictability. Overlapping area represents the amount of predictability between Steel Public 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 Steel Public price movement. The serial correlation of -0.49 indicates that about 49.0% of current Steel Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Steel Public lagged returns against current returns
Autocorrelation, which is Steel Public 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 Steel Public's stock expected returns. We can calculate the autocorrelation of Steel Public returns to help us make a trade decision. For example, suppose you find that Steel Public 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 |
Steel Public 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 Steel Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steel Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steel Public stock over time.
Current vs Lagged Prices |
| Timeline |
Steel Public Lagged Returns
When evaluating Steel Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steel Public stock have on its future price. Steel Public 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, Steel Public autocorrelation shows the relationship between Steel Public stock current value and its past values and can show if there is a momentum factor associated with investing in The Steel Public.
Regressed Prices |
| Timeline |
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Steel Public financial ratios help investors to determine whether Steel 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 Steel with respect to the benefits of owning Steel Public security.