SPCG Public (Thailand) Market Value
| SPCG-R Stock | THB 12.44 0.00 0.00% |
| Symbol | SPCG |
SPCG Public '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 SPCG Public'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 SPCG Public.
| 02/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in SPCG Public on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding SPCG Public or generate 0.0% return on investment in SPCG Public over 90 days. SPCG Public is related to or competes with Impact Growth, Quality Houses, Prime Office, Thai Metal, Heng Leasing, Steel Public, and Kang Yong. SPCG Public Company Limited primarily engages in solar farm business in Thailand and internationally. More
SPCG Public 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 SPCG Public'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 SPCG Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.51 |
SPCG Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPCG Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPCG Public's standard deviation. In reality, there are many statistical measures that can use SPCG Public historical prices to predict the future SPCG Public's volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPCG Public'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.
SPCG Public Backtested Returns
We consider SPCG Public very steady. SPCG Public retains Efficiency (Sharpe Ratio) of 0.005, which indicates the firm had a 0.005% return per unit of volatility over the last 3 months. We have found seventeen technical indicators for SPCG Public, which you can use to evaluate the volatility of the company. Please validate SPCG Public's standard deviation of 0.9421, and Risk Adjusted Performance of 0.0066 to confirm if the risk estimate we provide is consistent with the expected return of 0.0051%. The entity owns a Beta (Systematic Risk) of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPCG Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPCG Public is expected to be smaller as well. SPCG Public currently owns a risk of 1.01%. Please validate SPCG Public standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and jensen alpha , to decide if SPCG Public will be following its current price history.
Auto-correlation | 0.00 |
No correlation between past and present
SPCG Public has no correlation between past and present. Overlapping area represents the amount of predictability between SPCG Public time series from 23rd of February 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of May 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 SPCG Public price movement. The serial correlation of 0.0 indicates that just 0.0% of current SPCG Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SPCG Public lagged returns against current returns
Autocorrelation, which is SPCG Public 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 SPCG Public's stock expected returns. We can calculate the autocorrelation of SPCG Public returns to help us make a trade decision. For example, suppose you find that SPCG Public 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 |
SPCG Public 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 SPCG Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPCG Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPCG Public stock over time.
Current vs Lagged Prices |
| Timeline |
SPCG Public Lagged Returns
When evaluating SPCG Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPCG Public stock have on its future price. SPCG Public 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, SPCG Public autocorrelation shows the relationship between SPCG Public stock current value and its past values and can show if there is a momentum factor associated with investing in SPCG Public.
Regressed Prices |
| Timeline |
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Check out SPCG Public Correlation, SPCG Public Volatility and SPCG Public Alpha and Beta module to complement your research on SPCG Public. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for SPCG Stock analysis
When running SPCG Public's price analysis, check to measure SPCG Public's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPCG Public is operating at the current time. Most of SPCG Public's value examination focuses on studying past and present price action to predict the probability of SPCG Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPCG Public's price. Additionally, you may evaluate how the addition of SPCG Public to your portfolios can decrease your overall portfolio volatility.
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SPCG Public technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.