Srivichaivejvivat (Thailand) Market Value
| VIH Stock | THB 9.05 0.05 0.55% |
| Symbol | Srivichaivejvivat |
Srivichaivejvivat '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 Srivichaivejvivat'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 Srivichaivejvivat.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Srivichaivejvivat on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Srivichaivejvivat Public or generate 0.0% return on investment in Srivichaivejvivat over 30 days. Srivichaivejvivat is related to or competes with Ekachai Medical, Bangkok Chain, Chularat Hospital, Rajthanee Hospital, and Vibhavadi Medical. Srivichaivejvivat Public Company Limited, together with its subsidiaries, operates hospitals in Thailand More
Srivichaivejvivat 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 Srivichaivejvivat'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 Srivichaivejvivat Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.05 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.7 |
Srivichaivejvivat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Srivichaivejvivat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Srivichaivejvivat's standard deviation. In reality, there are many statistical measures that can use Srivichaivejvivat historical prices to predict the future Srivichaivejvivat's volatility.| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | 0.0168 | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.0567 |
Srivichaivejvivat Public Backtested Returns
Srivichaivejvivat Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.022, which indicates the firm had a -0.022% return per unit of risk over the last 3 months. Srivichaivejvivat Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Srivichaivejvivat's Coefficient Of Variation of (30,425), risk adjusted performance of 0.0039, and Variance of 3.83 to confirm the risk estimate we provide. The entity has a beta of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Srivichaivejvivat are expected to decrease at a much lower rate. During the bear market, Srivichaivejvivat is likely to outperform the market. At this point, Srivichaivejvivat Public has a negative expected return of -0.044%. Please make sure to validate Srivichaivejvivat's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Srivichaivejvivat Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Srivichaivejvivat Public has poor predictability. Overlapping area represents the amount of predictability between Srivichaivejvivat time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Srivichaivejvivat Public price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Srivichaivejvivat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Srivichaivejvivat Public lagged returns against current returns
Autocorrelation, which is Srivichaivejvivat 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 Srivichaivejvivat's stock expected returns. We can calculate the autocorrelation of Srivichaivejvivat returns to help us make a trade decision. For example, suppose you find that Srivichaivejvivat 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 |
Srivichaivejvivat 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 Srivichaivejvivat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Srivichaivejvivat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Srivichaivejvivat stock over time.
Current vs Lagged Prices |
| Timeline |
Srivichaivejvivat Lagged Returns
When evaluating Srivichaivejvivat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Srivichaivejvivat stock have on its future price. Srivichaivejvivat 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, Srivichaivejvivat autocorrelation shows the relationship between Srivichaivejvivat stock current value and its past values and can show if there is a momentum factor associated with investing in Srivichaivejvivat Public.
Regressed Prices |
| Timeline |
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Srivichaivejvivat financial ratios help investors to determine whether Srivichaivejvivat 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 Srivichaivejvivat with respect to the benefits of owning Srivichaivejvivat security.