Bangkok Insurance (Thailand) Market Value
BKI Stock | THB 292.00 1.00 0.34% |
Symbol | Bangkok |
Bangkok Insurance '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 Bangkok Insurance'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 Bangkok Insurance.
04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Bangkok Insurance on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Bangkok Insurance Public or generate 0.0% return on investment in Bangkok Insurance over 30 days. Bangkok Insurance is related to or competes with PTT Public, and Siam Cement. Bangkok Insurance Public Company Limited engages in the non-life insurance business in Thailand More
Bangkok Insurance 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 Bangkok Insurance'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 Bangkok Insurance Public upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.22) | |||
Maximum Drawdown | 4.23 | |||
Value At Risk | (0.68) | |||
Potential Upside | 0.6434 |
Bangkok Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bangkok Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bangkok Insurance's standard deviation. In reality, there are many statistical measures that can use Bangkok Insurance historical prices to predict the future Bangkok Insurance's volatility.Risk Adjusted Performance | (0.06) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.12) | |||
Treynor Ratio | (0.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bangkok Insurance'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.
Bangkok Insurance Public Backtested Returns
Bangkok Insurance Public secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Bangkok Insurance Public exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bangkok Insurance's Standard Deviation of 0.5744, risk adjusted performance of (0.06), and Mean Deviation of 0.3123 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0746, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bangkok Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bangkok Insurance is expected to be smaller as well. Bangkok Insurance Public has an expected return of -0.0823%. Please make sure to confirm Bangkok Insurance Public information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Bangkok Insurance Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Bangkok Insurance Public has average predictability. Overlapping area represents the amount of predictability between Bangkok Insurance time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th 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 Bangkok Insurance Public price movement. The serial correlation of 0.47 indicates that about 47.0% of current Bangkok Insurance price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.47 | |
Spearman Rank Test | -0.71 | |
Residual Average | 0.0 | |
Price Variance | 0.24 |
Bangkok Insurance Public lagged returns against current returns
Autocorrelation, which is Bangkok Insurance 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 Bangkok Insurance's stock expected returns. We can calculate the autocorrelation of Bangkok Insurance returns to help us make a trade decision. For example, suppose you find that Bangkok Insurance 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 |
Bangkok Insurance 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 Bangkok Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bangkok Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bangkok Insurance stock over time.
Current vs Lagged Prices |
Timeline |
Bangkok Insurance Lagged Returns
When evaluating Bangkok Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bangkok Insurance stock have on its future price. Bangkok Insurance 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, Bangkok Insurance autocorrelation shows the relationship between Bangkok Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Bangkok Insurance Public.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bangkok Insurance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bangkok Insurance's short interest history, or implied volatility extrapolated from Bangkok Insurance options trading.
Pair Trading with Bangkok Insurance
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 Bangkok Insurance 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 Bangkok Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with Bangkok Stock
0.69 | JTS | Jasmine Telecom Systems | PairCorr |
Moving against Bangkok Stock
0.56 | BA | Bangkok Airways Public | PairCorr |
The ability to find closely correlated positions to Bangkok Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bangkok Insurance 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 Bangkok Insurance - 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 Bangkok Insurance Public to buy it.
The correlation of Bangkok Insurance 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 Bangkok Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bangkok Insurance 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 Bangkok Insurance 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 Bangkok Insurance Correlation, Bangkok Insurance Volatility and Bangkok Insurance Alpha and Beta module to complement your research on Bangkok Insurance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Bangkok Stock analysis
When running Bangkok Insurance's price analysis, check to measure Bangkok Insurance'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 Bangkok Insurance is operating at the current time. Most of Bangkok Insurance's value examination focuses on studying past and present price action to predict the probability of Bangkok Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bangkok Insurance's price. Additionally, you may evaluate how the addition of Bangkok Insurance to your portfolios can decrease your overall portfolio volatility.
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Bangkok Insurance 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.