Wattanapat Hospital (Thailand) Market Value
| WPH Stock | THB 9.35 0.05 0.54% |
| Symbol | Wattanapat |
Wattanapat Hospital '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 Wattanapat Hospital'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 Wattanapat Hospital.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Wattanapat Hospital on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Wattanapat Hospital Trang or generate 0.0% return on investment in Wattanapat Hospital over 30 days. Wattanapat Hospital is related to or competes with Bumrungrad Hospital, Ramkhamhaeng Hospital, Thonburi Healthcare, Bangkok Chain, Vibhavadi Medical, Sikarin Public, and THONBURI HEALTHCARE. Wattanapat Hospital Trang Public Company Limited owns and operates hospitals and clinics in Thailand More
Wattanapat Hospital 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 Wattanapat Hospital'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 Wattanapat Hospital Trang upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 11.93 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.51 |
Wattanapat Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wattanapat Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wattanapat Hospital's standard deviation. In reality, there are many statistical measures that can use Wattanapat Hospital historical prices to predict the future Wattanapat Hospital's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 1.66 |
Wattanapat Hospital Trang Backtested Returns
Wattanapat Hospital Trang shows Sharpe Ratio of -0.1, which attests that the company had a -0.1% return per unit of risk over the last 3 months. Wattanapat Hospital Trang exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wattanapat Hospital's Standard Deviation of 2.04, market risk adjusted performance of 1.67, and Mean Deviation of 1.49 to validate the risk estimate we provide. The firm maintains a market beta of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wattanapat Hospital are expected to decrease at a much lower rate. During the bear market, Wattanapat Hospital is likely to outperform the market. At this point, Wattanapat Hospital Trang has a negative expected return of -0.22%. Please make sure to check out Wattanapat Hospital's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Wattanapat Hospital Trang performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Wattanapat Hospital Trang has very good predictability. Overlapping area represents the amount of predictability between Wattanapat Hospital 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 Wattanapat Hospital Trang price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Wattanapat Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Wattanapat Hospital Trang lagged returns against current returns
Autocorrelation, which is Wattanapat Hospital 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 Wattanapat Hospital's stock expected returns. We can calculate the autocorrelation of Wattanapat Hospital returns to help us make a trade decision. For example, suppose you find that Wattanapat Hospital 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 |
Wattanapat Hospital 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 Wattanapat Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wattanapat Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wattanapat Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Wattanapat Hospital Lagged Returns
When evaluating Wattanapat Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wattanapat Hospital stock have on its future price. Wattanapat Hospital 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, Wattanapat Hospital autocorrelation shows the relationship between Wattanapat Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Wattanapat Hospital Trang.
Regressed Prices |
| Timeline |
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Wattanapat Hospital financial ratios help investors to determine whether Wattanapat 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 Wattanapat with respect to the benefits of owning Wattanapat Hospital security.