MFC Nichada (Thailand) Market Value
| MNIT2 Stock | THB 5.00 0.16 3.31% |
| Symbol | MFC |
MFC Nichada '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 MFC Nichada'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 MFC Nichada.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in MFC Nichada on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding MFC Nichada Thani Property or generate 0.0% return on investment in MFC Nichada over 30 days. MFC Nichada is related to or competes with Asia Aviation, ASIA Capital, Akkhie Prakarn, AIRA Factoring, and Arrow Syndicate. More
MFC Nichada 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 MFC Nichada'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 MFC Nichada Thani Property upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 28.89 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 5.87 |
MFC Nichada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFC Nichada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFC Nichada's standard deviation. In reality, there are many statistical measures that can use MFC Nichada historical prices to predict the future MFC Nichada's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.2046 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MFC Nichada'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.
MFC Nichada Thani Backtested Returns
MFC Nichada is out of control given 3 months investment horizon. MFC Nichada Thani retains Efficiency (Sharpe Ratio) of 0.38, which conveys that the firm had a 0.38% return per unit of risk over the last 3 months. We were able to analyze twenty-four different technical indicators, which can help you to evaluate if expected returns of 144.55% are justified by taking the suggested risk. Use MFC Nichada Thani Coefficient Of Variation of (1,351), market risk adjusted performance of 0.2146, and Mean Deviation of 1.95 to evaluate company specific risk that cannot be diversified away. MFC Nichada holds a performance score of 29 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of -1.4, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MFC Nichada are expected to decrease by larger amounts. On the other hand, during market turmoil, MFC Nichada is expected to outperform it. Use MFC Nichada Thani coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to analyze future returns on MFC Nichada Thani.
Auto-correlation | -0.37 |
Poor reverse predictability
MFC Nichada Thani Property has poor reverse predictability. Overlapping area represents the amount of predictability between MFC Nichada time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st 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 MFC Nichada Thani price movement. The serial correlation of -0.37 indicates that just about 37.0% of current MFC Nichada price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 2.67 |
MFC Nichada Thani lagged returns against current returns
Autocorrelation, which is MFC Nichada 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 MFC Nichada's stock expected returns. We can calculate the autocorrelation of MFC Nichada returns to help us make a trade decision. For example, suppose you find that MFC Nichada 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 |
MFC Nichada 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 MFC Nichada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFC Nichada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFC Nichada stock over time.
Current vs Lagged Prices |
| Timeline |
MFC Nichada Lagged Returns
When evaluating MFC Nichada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFC Nichada stock have on its future price. MFC Nichada 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, MFC Nichada autocorrelation shows the relationship between MFC Nichada stock current value and its past values and can show if there is a momentum factor associated with investing in MFC Nichada Thani Property.
Regressed Prices |
| Timeline |
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Complementary Tools for MFC Stock analysis
When running MFC Nichada's price analysis, check to measure MFC Nichada'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 MFC Nichada is operating at the current time. Most of MFC Nichada's value examination focuses on studying past and present price action to predict the probability of MFC Nichada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MFC Nichada's price. Additionally, you may evaluate how the addition of MFC Nichada to your portfolios can decrease your overall portfolio volatility.
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MFC Nichada 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.