Aikchol Hospital (Thailand) Market Value
| AHC Stock | THB 17.80 0.10 0.56% |
| Symbol | Aikchol |
Aikchol 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 Aikchol 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 Aikchol Hospital.
| 05/15/2022 |
| 05/04/2024 |
If you would invest 0.00 in Aikchol Hospital on May 15, 2022 and sell it all today you would earn a total of 0.00 from holding Aikchol Hospital Public or generate 0.0% return on investment in Aikchol Hospital over 720 days. Aikchol Hospital is related to or competes with CP ALL, Airports, Kasikornbank Public, and PTT Public. Aikchol Hospital Public Company Limited provides medical and nursing care services under the Aikchol Hospital trademark ... More
Aikchol 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 Aikchol 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 Aikchol Hospital Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8855 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.31 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.66 |
Aikchol Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aikchol Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aikchol Hospital's standard deviation. In reality, there are many statistical measures that can use Aikchol Hospital historical prices to predict the future Aikchol Hospital's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.0005) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0411 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aikchol Hospital'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.
Aikchol Hospital Public Backtested Returns
We consider Aikchol Hospital very steady. Aikchol Hospital Public secures Sharpe Ratio (or Efficiency) of 0.0469, which signifies that the company had a 0.0469% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aikchol Hospital Public, which you can use to evaluate the volatility of the firm. Please confirm Aikchol Hospital's Mean Deviation of 0.4725, risk adjusted performance of 0.0149, and Downside Deviation of 0.8855 to double-check if the risk estimate we provide is consistent with the expected return of 0.0355%. Aikchol Hospital has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aikchol Hospital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aikchol Hospital is expected to be smaller as well. Aikchol Hospital Public right now shows a risk of 0.76%. Please confirm Aikchol Hospital Public standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Aikchol Hospital Public will be following its price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Aikchol Hospital Public has insignificant predictability. Overlapping area represents the amount of predictability between Aikchol Hospital time series from 15th of May 2022 to 10th of May 2023 and 10th of May 2023 to 4th 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 Aikchol Hospital Public price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Aikchol Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Aikchol Hospital Public lagged returns against current returns
Autocorrelation, which is Aikchol 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 Aikchol Hospital's stock expected returns. We can calculate the autocorrelation of Aikchol Hospital returns to help us make a trade decision. For example, suppose you find that Aikchol 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 |
Aikchol 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 Aikchol Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aikchol Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aikchol Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Aikchol Hospital Lagged Returns
When evaluating Aikchol Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aikchol Hospital stock have on its future price. Aikchol 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, Aikchol Hospital autocorrelation shows the relationship between Aikchol Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Aikchol Hospital Public.
Regressed Prices |
| Timeline |
Pair Trading with Aikchol Hospital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aikchol Hospital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aikchol Hospital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Aikchol Hospital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aikchol Hospital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aikchol Hospital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aikchol Hospital Public to buy it.
The correlation of Aikchol Hospital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aikchol Hospital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aikchol Hospital Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aikchol Hospital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Aikchol Hospital Correlation, Aikchol Hospital Volatility and Aikchol Hospital Alpha and Beta module to complement your research on Aikchol Hospital. Note that the Aikchol Hospital Public information on this page should be used as a complementary analysis to other Aikchol Hospital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Aikchol Stock analysis
When running Aikchol Hospital's price analysis, check to measure Aikchol Hospital'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 Aikchol Hospital is operating at the current time. Most of Aikchol Hospital's value examination focuses on studying past and present price action to predict the probability of Aikchol Hospital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aikchol Hospital's price. Additionally, you may evaluate how the addition of Aikchol Hospital to your portfolios can decrease your overall portfolio volatility.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
Aikchol Hospital 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.