Ubis Public (Thailand) Market Value
| UBIS Stock | THB 1.70 0.07 4.29% |
| Symbol | Ubis |
Ubis 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 Ubis 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 Ubis Public.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ubis Public on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ubis Public or generate 0.0% return on investment in Ubis Public over 180 days. Ubis Public is related to or competes with PTT Public, Siam Commercial, Airports, CP ALL, and Advanced Info. Ubis Public Company Limited, together with its subsidiaries, manufactures and distributes sealing compounds, lacquers, a... More
Ubis 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 Ubis 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 Ubis Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.44 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 3.09 |
Ubis Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ubis Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ubis Public's standard deviation. In reality, there are many statistical measures that can use Ubis Public historical prices to predict the future Ubis Public's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.19) |
Ubis Public Backtested Returns
Ubis Public is out of control given 3 months investment horizon. Ubis Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.27% are justified by taking the suggested risk. Use Ubis Public Coefficient Of Variation of (6,581), risk adjusted performance of (0.01), and Variance of 4.34 to evaluate company specific risk that cannot be diversified away. Ubis Public holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ubis Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ubis Public is expected to be smaller as well. Use Ubis Public total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to analyze future returns on Ubis Public.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Ubis Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ubis Public time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Ubis Public price movement. The serial correlation of -0.19 indicates that over 19.0% of current Ubis Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Ubis Public lagged returns against current returns
Autocorrelation, which is Ubis 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 Ubis Public's stock expected returns. We can calculate the autocorrelation of Ubis Public returns to help us make a trade decision. For example, suppose you find that Ubis 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 |
Ubis 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 Ubis Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ubis Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ubis Public stock over time.
Current vs Lagged Prices |
| Timeline |
Ubis Public Lagged Returns
When evaluating Ubis Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ubis Public stock have on its future price. Ubis 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, Ubis Public autocorrelation shows the relationship between Ubis Public stock current value and its past values and can show if there is a momentum factor associated with investing in Ubis Public.
Regressed Prices |
| Timeline |
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Ubis Public financial ratios help investors to determine whether Ubis 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 Ubis with respect to the benefits of owning Ubis Public security.