WICE Logistics (Thailand) Market Value
| WICE Stock | THB 2.78 0.04 1.46% |
| Symbol | WICE |
WICE Logistics '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 WICE Logistics' 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 WICE Logistics.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in WICE Logistics on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding WICE Logistics PCL or generate 0.0% return on investment in WICE Logistics over 90 days. WICE Logistics is related to or competes with Chularat Hospital, Triple I, VGI Public, Thai Union, and AP Public. Wice Logistics Public Company Limited provides air and sea freight forwarding, customs brokerage, inland transportation,... More
WICE Logistics 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 WICE Logistics' 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 WICE Logistics PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 10.06 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 2.43 |
WICE Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WICE Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WICE Logistics' standard deviation. In reality, there are many statistical measures that can use WICE Logistics historical prices to predict the future WICE Logistics' volatility.| Risk Adjusted Performance | (0.26) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (14.85) |
WICE Logistics PCL Backtested Returns
WICE Logistics PCL retains Efficiency (Sharpe Ratio) of -0.26, which attests that the company had a -0.26 % return per unit of volatility over the last 3 months. WICE Logistics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WICE Logistics' Information Ratio of (0.26), mean deviation of 1.47, and Market Risk Adjusted Performance of (14.84) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0416, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WICE Logistics' returns are expected to increase less than the market. However, during the bear market, the loss of holding WICE Logistics is expected to be smaller as well. At this point, WICE Logistics PCL has a negative expected return of -0.5%. Please make sure to check out WICE Logistics' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if WICE Logistics PCL performance from the past will be repeated at future time.
Auto-correlation | 0.89 |
Very good predictability
WICE Logistics PCL has very good predictability. Overlapping area represents the amount of predictability between WICE Logistics time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 WICE Logistics PCL price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current WICE Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
WICE Logistics PCL lagged returns against current returns
Autocorrelation, which is WICE Logistics 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 WICE Logistics' stock expected returns. We can calculate the autocorrelation of WICE Logistics returns to help us make a trade decision. For example, suppose you find that WICE Logistics 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 |
WICE Logistics 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 WICE Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WICE Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WICE Logistics stock over time.
Current vs Lagged Prices |
| Timeline |
WICE Logistics Lagged Returns
When evaluating WICE Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WICE Logistics stock have on its future price. WICE Logistics 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, WICE Logistics autocorrelation shows the relationship between WICE Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in WICE Logistics PCL.
Regressed Prices |
| Timeline |
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WICE Logistics financial ratios help investors to determine whether WICE 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 WICE with respect to the benefits of owning WICE Logistics security.