Vanachai Group (Thailand) Market Value

VNG
 Stock
  

THB 5.75  0.10  1.71%   

Vanachai Group's market value is the price at which a share of Vanachai Group stock trades on a public exchange. It measures the collective expectations of Vanachai Group Public investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Vanachai Group Public and determine expected loss or profit from investing in Vanachai Group over a given investment horizon. Also, please take a look at Vanachai Group Correlation, Vanachai Group Volatility and Vanachai Group Alpha and Beta module to complement your research on Vanachai Group.
Symbol

Please note, there is a significant difference between Vanachai Group's value and its price as these two are different measures arrived at by different means. Investors typically determine Vanachai Group value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanachai Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Vanachai Group '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 Vanachai Group'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 Vanachai Group.
0.00
12/18/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/08/2022
0.00
If you would invest  0.00  in Vanachai Group on December 18, 2020 and sell it all today you would earn a total of 0.00 from holding Vanachai Group Public or generate 0.0% return on investment in Vanachai Group over 720 days. Vanachai Group is related to or competes with Chin Huay, Peerapat Technology, NSL Foods, RB Food, JD Food, Global Connections, and Delta Paint. Vanachai Group Public Company Limited, together with its subsidiaries, produces and distributes wood plates, MDF boards,... More

Vanachai Group 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 Vanachai Group'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 Vanachai Group Public upside and downside potential and time the market with a certain degree of confidence.

Vanachai Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanachai Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanachai Group's standard deviation. In reality, there are many statistical measures that can use Vanachai Group historical prices to predict the future Vanachai Group's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Vanachai Group'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. Please use the tools below to analyze the current value of Vanachai Group in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
4.005.757.50
Details
Intrinsic
Valuation
LowReal ValueHigh
2.974.726.47
Details
Naive
Forecast
LowNext ValueHigh
4.185.937.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.525.876.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Vanachai Group. Your research has to be compared to or analyzed against Vanachai Group's peers to derive any actionable benefits. When done correctly, Vanachai Group's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Vanachai Group Public.

Vanachai Group Public Backtested Returns

Vanachai Group Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had -0.12% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Vanachai Group Public exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vanachai Group coefficient of variation of (923.85), and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide.
The entity has a beta of 0.0472, which indicates not very significant fluctuations relative to the market. Let's try to break down what Vanachai's beta means in this case. As returns on the market increase, Vanachai Group returns are expected to increase less than the market. However, during the bear market, the loss on holding Vanachai Group will be expected to be smaller as well. Even though it is essential to pay attention to Vanachai Group Public current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Vanachai Group Public exposes twenty-one different technical indicators, which can help you to evaluate its performance. Vanachai Group Public has an expected return of -0.21%. Please be advised to validate Vanachai Group information ratio, treynor ratio, value at risk, as well as the relationship between the jensen alpha and maximum drawdown to decide if Vanachai Group Public performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Vanachai Group Public has very good reverse predictability. Overlapping area represents the amount of predictability between Vanachai Group time series from 18th of December 2020 to 13th of December 2021 and 13th of December 2021 to 8th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vanachai Group Public price movement. The serial correlation of -0.67 indicates that around 67.0% of current Vanachai Group price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.69
Residual Average0.0
Price Variance0.57

Vanachai Group Public lagged returns against current returns

Autocorrelation, which is Vanachai Group 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 Vanachai Group's stock expected returns. We can calculate the autocorrelation of Vanachai Group returns to help us make a trade decision. For example, suppose you find that Vanachai Group stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Vanachai Group 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 Vanachai Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanachai Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanachai Group stock over time.
   Current vs Lagged Prices   
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       Timeline  

Vanachai Group Lagged Returns

When evaluating Vanachai Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanachai Group stock have on its future price. Vanachai Group 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, Vanachai Group autocorrelation shows the relationship between Vanachai Group stock current value and its past values and can show if there is a momentum factor associated with investing in Vanachai Group Public.
   Regressed Prices   
Share
       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 Vanachai Group 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, Vanachai Group's short interest history, or implied volatility extrapolated from Vanachai Group options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Also, please take a look at Vanachai Group Correlation, Vanachai Group Volatility and Vanachai Group Alpha and Beta module to complement your research on Vanachai Group. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Vanachai Group Public price analysis, check to measure Vanachai Group'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 Vanachai Group is operating at the current time. Most of Vanachai Group's value examination focuses on studying past and present price action to predict the probability of Vanachai Group's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Vanachai Group's price. Additionally, you may evaluate how the addition of Vanachai Group to your portfolios can decrease your overall portfolio volatility.
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Vanachai Group 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.
A focus of Vanachai Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Vanachai Group trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...