AIM Industrial (Thailand) Market Value
| AIMIRT Stock | THB 10.80 0.10 0.93% |
| Symbol | AIM |
AIM Industrial '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 AIM Industrial'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 AIM Industrial.
| 03/04/2024 |
| 05/03/2024 |
If you would invest 0.00 in AIM Industrial on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding AIM Industrial Growth or generate 0.0% return on investment in AIM Industrial over 60 days. AIM Industrial is related to or competes with Amata Summit, WHA Premium, Digital Telecommunicatio, and CPN Retail. AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust focuses on investing in freehold right of land... More
AIM Industrial 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 AIM Industrial'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 AIM Industrial Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.9718 |
AIM Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIM Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIM Industrial's standard deviation. In reality, there are many statistical measures that can use AIM Industrial historical prices to predict the future AIM Industrial's volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.0244 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1235 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AIM Industrial'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.
AIM Industrial Growth Backtested Returns
We consider AIM Industrial very steady. AIM Industrial Growth secures Sharpe Ratio (or Efficiency) of 0.0739, which signifies that the company had a 0.0739% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for AIM Industrial Growth, which you can use to evaluate the volatility of the firm. Please confirm AIM Industrial's Risk Adjusted Performance of 0.0424, semi deviation of 0.5877, and Mean Deviation of 0.5495 to double-check if the risk estimate we provide is consistent with the expected return of 0.0545%. AIM Industrial has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AIM Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding AIM Industrial is expected to be smaller as well. AIM Industrial Growth at this time shows a risk of 0.74%. Please confirm AIM Industrial Growth downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if AIM Industrial Growth will be following its price patterns.
Auto-correlation | 0.25 |
Poor predictability
AIM Industrial Growth has poor predictability. Overlapping area represents the amount of predictability between AIM Industrial time series from 4th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 3rd 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 AIM Industrial Growth price movement. The serial correlation of 0.25 indicates that over 25.0% of current AIM Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AIM Industrial Growth lagged returns against current returns
Autocorrelation, which is AIM Industrial 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 AIM Industrial's stock expected returns. We can calculate the autocorrelation of AIM Industrial returns to help us make a trade decision. For example, suppose you find that AIM Industrial 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 |
AIM Industrial 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 AIM Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIM Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIM Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
AIM Industrial Lagged Returns
When evaluating AIM Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIM Industrial stock have on its future price. AIM Industrial 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, AIM Industrial autocorrelation shows the relationship between AIM Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in AIM Industrial Growth.
Regressed Prices |
| Timeline |
Pair Trading with AIM Industrial
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 AIM Industrial 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 AIM Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with AIM Stock
| 0.7 | JAS | Jasmine International Earnings Call This Week | PairCorr |
Moving against AIM Stock
| 0.68 | RCL | Regional Container Lines | PairCorr |
| 0.57 | MIT | MFC Industrial Real | PairCorr |
| 0.49 | NV | Nova Organic PCL | PairCorr |
| 0.49 | PAP | Pacific Pipe Public | PairCorr |
The ability to find closely correlated positions to AIM Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AIM Industrial 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 AIM Industrial - 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 AIM Industrial Growth to buy it.
The correlation of AIM Industrial 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 AIM Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AIM Industrial Growth 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 AIM Industrial 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 AIM Industrial Correlation, AIM Industrial Volatility and AIM Industrial Alpha and Beta module to complement your research on AIM Industrial. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for AIM Stock analysis
When running AIM Industrial's price analysis, check to measure AIM Industrial'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 AIM Industrial is operating at the current time. Most of AIM Industrial's value examination focuses on studying past and present price action to predict the probability of AIM Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AIM Industrial's price. Additionally, you may evaluate how the addition of AIM Industrial to your portfolios can decrease your overall portfolio volatility.
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AIM Industrial 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.