Wave Entertainment (Thailand) Market Value
| WAVE Stock | THB 0.13 0.01 7.14% |
| Symbol | Wave |
Wave Entertainment '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 Wave Entertainment'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 Wave Entertainment.
| 05/10/2024 |
| 06/09/2024 |
If you would invest 0.00 in Wave Entertainment on May 10, 2024 and sell it all today you would earn a total of 0.00 from holding Wave Entertainment Public or generate 0.0% return on investment in Wave Entertainment over 30 days. Wave Entertainment is related to or competes with Synnex Public, SVI Public, Interlink Communication, CK Power, Thai Metal, Heng Leasing, and Steel Public. Wave Entertainment Public Company Limited, together with its subsidiaries, engages in the production and distribution of... More
Wave Entertainment 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 Wave Entertainment'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 Wave Entertainment Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 22.04 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.14 |
Wave Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wave Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wave Entertainment's standard deviation. In reality, there are many statistical measures that can use Wave Entertainment historical prices to predict the future Wave Entertainment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.2217 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wave Entertainment'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.
Wave Entertainment Public Backtested Returns
Wave Entertainment Public shows Sharpe Ratio of -0.0643, which attests that the company had a -0.0643% return per unit of risk over the last 3 months. Wave Entertainment Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wave Entertainment's Standard Deviation of 4.98, mean deviation of 3.31, and Market Risk Adjusted Performance of 0.2317 to validate the risk estimate we provide. The firm maintains a market beta of -0.9, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Wave Entertainment are expected to decrease slowly. On the other hand, during market turmoil, Wave Entertainment is expected to outperform it slightly. At this point, Wave Entertainment Public has a negative expected return of -0.33%. Please make sure to check out Wave Entertainment's accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Wave Entertainment Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Wave Entertainment Public has below average predictability. Overlapping area represents the amount of predictability between Wave Entertainment time series from 10th of May 2024 to 25th of May 2024 and 25th of May 2024 to 9th of June 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 Wave Entertainment Public price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Wave Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wave Entertainment Public lagged returns against current returns
Autocorrelation, which is Wave Entertainment 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 Wave Entertainment's stock expected returns. We can calculate the autocorrelation of Wave Entertainment returns to help us make a trade decision. For example, suppose you find that Wave Entertainment 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 |
Wave Entertainment 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 Wave Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wave Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wave Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Wave Entertainment Lagged Returns
When evaluating Wave Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wave Entertainment stock have on its future price. Wave Entertainment 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, Wave Entertainment autocorrelation shows the relationship between Wave Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Wave Entertainment Public.
Regressed Prices |
| Timeline |
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Other Information on Investing in Wave Stock
Wave Entertainment financial ratios help investors to determine whether Wave 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 Wave with respect to the benefits of owning Wave Entertainment security.