WHA Premium (Thailand) Market Value
| WHART Stock | THB 10.00 0.05 0.50% |
| Symbol | WHA |
WHA Premium '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 WHA Premium'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 WHA Premium.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in WHA Premium on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding WHA Premium Growth or generate 0.0% return on investment in WHA Premium over 210 days. WHA Premium is related to or competes with WHA Public, CPN Retail, Impact Growth, Digital Telecommunicatio, and Ticon Freehold. WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust is a real estate investment trust externally mana... More
WHA Premium 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 WHA Premium'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 WHA Premium Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.69 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.9 |
WHA Premium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WHA Premium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WHA Premium's standard deviation. In reality, there are many statistical measures that can use WHA Premium historical prices to predict the future WHA Premium's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.2811 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WHA Premium's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WHA Premium Growth Backtested Returns
WHA Premium Growth retains Efficiency (Sharpe Ratio) of -0.0091, which attests that the company had a -0.0091% return per unit of volatility over the last 3 months. WHA Premium exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WHA Premium's Market Risk Adjusted Performance of 0.2911, mean deviation of 0.8664, and Information Ratio of (0.15) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WHA Premium are expected to decrease at a much lower rate. During the bear market, WHA Premium is likely to outperform the market. At this point, WHA Premium Growth has a negative expected return of -0.0106%. Please make sure to check out WHA Premium's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if WHA Premium Growth performance from the past will be repeated in the future.
Auto-correlation | -0.68 |
Very good reverse predictability
WHA Premium Growth has very good reverse predictability. Overlapping area represents the amount of predictability between WHA Premium time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 WHA Premium Growth price movement. The serial correlation of -0.68 indicates that around 68.0% of current WHA Premium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
WHA Premium Growth lagged returns against current returns
Autocorrelation, which is WHA Premium 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 WHA Premium's stock expected returns. We can calculate the autocorrelation of WHA Premium returns to help us make a trade decision. For example, suppose you find that WHA Premium 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 |
WHA Premium 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 WHA Premium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WHA Premium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WHA Premium stock over time.
Current vs Lagged Prices |
| Timeline |
WHA Premium Lagged Returns
When evaluating WHA Premium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WHA Premium stock have on its future price. WHA Premium 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, WHA Premium autocorrelation shows the relationship between WHA Premium stock current value and its past values and can show if there is a momentum factor associated with investing in WHA Premium Growth.
Regressed Prices |
| Timeline |
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WHA Premium financial ratios help investors to determine whether WHA 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 WHA with respect to the benefits of owning WHA Premium security.