Vichitbhan Palmoil (Thailand) Market Value
| VPO Stock | THB 0.67 0.03 4.69% |
| Symbol | Vichitbhan |
Vichitbhan Palmoil '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 Vichitbhan Palmoil'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 Vichitbhan Palmoil.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Vichitbhan Palmoil on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Vichitbhan Palmoil Public or generate 0.0% return on investment in Vichitbhan Palmoil over 360 days. Vichitbhan Palmoil is related to or competes with Chumporn Palm, Taokaenoi Food, Tata Steel, Wave Entertainment, and Univanich Palm. Vichitbhan Palmoil Public Company Limited produces and distributes crude palm oil and palm Kernel products in Thailand More
Vichitbhan Palmoil 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 Vichitbhan Palmoil'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 Vichitbhan Palmoil Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.0046 | |||
| Maximum Drawdown | 22.45 | |||
| Value At Risk | (4.82) | |||
| Potential Upside | 6.15 |
Vichitbhan Palmoil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vichitbhan Palmoil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vichitbhan Palmoil's standard deviation. In reality, there are many statistical measures that can use Vichitbhan Palmoil historical prices to predict the future Vichitbhan Palmoil's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.0862 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0045 | |||
| Treynor Ratio | 0.331 |
Vichitbhan Palmoil Public Backtested Returns
As of now, Vichitbhan Stock is abnormally volatile. Vichitbhan Palmoil Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0318, which indicates the firm had a 0.0318% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vichitbhan Palmoil Public, which you can use to evaluate the volatility of the company. Please validate Vichitbhan Palmoil's Coefficient Of Variation of 2660.22, semi deviation of 2.84, and Risk Adjusted Performance of 0.0367 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Vichitbhan Palmoil has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vichitbhan Palmoil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vichitbhan Palmoil is expected to be smaller as well. Vichitbhan Palmoil Public right now has a risk of 3.86%. Please validate Vichitbhan Palmoil downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Vichitbhan Palmoil will be following its existing price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Vichitbhan Palmoil Public has weak reverse predictability. Overlapping area represents the amount of predictability between Vichitbhan Palmoil time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Vichitbhan Palmoil Public price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Vichitbhan Palmoil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Vichitbhan Palmoil Public lagged returns against current returns
Autocorrelation, which is Vichitbhan Palmoil 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 Vichitbhan Palmoil's stock expected returns. We can calculate the autocorrelation of Vichitbhan Palmoil returns to help us make a trade decision. For example, suppose you find that Vichitbhan Palmoil 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 |
Vichitbhan Palmoil 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 Vichitbhan Palmoil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vichitbhan Palmoil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vichitbhan Palmoil stock over time.
Current vs Lagged Prices |
| Timeline |
Vichitbhan Palmoil Lagged Returns
When evaluating Vichitbhan Palmoil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vichitbhan Palmoil stock have on its future price. Vichitbhan Palmoil 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, Vichitbhan Palmoil autocorrelation shows the relationship between Vichitbhan Palmoil stock current value and its past values and can show if there is a momentum factor associated with investing in Vichitbhan Palmoil Public.
Regressed Prices |
| Timeline |
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Vichitbhan Palmoil financial ratios help investors to determine whether Vichitbhan 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 Vichitbhan with respect to the benefits of owning Vichitbhan Palmoil security.