Twenty Four (Thailand) Market Value
| 24CS Stock | 3.24 0.16 4.71% |
| Symbol | Twenty |
Twenty Four '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 Twenty Four'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 Twenty Four.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Twenty Four on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Twenty Four Con Supply or generate 0.0% return on investment in Twenty Four over 30 days. Twenty Four is related to or competes with Akkhie Prakarn, Asian Phytoceuticals, Absolute Clean, Sabuy Technology, and Ananda Development. More
Twenty Four 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 Twenty Four'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 Twenty Four Con Supply upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 4.15 |
Twenty Four Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Twenty Four's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Twenty Four's standard deviation. In reality, there are many statistical measures that can use Twenty Four historical prices to predict the future Twenty Four's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 1.92 |
Twenty Four Con Backtested Returns
Twenty Four is out of control given 3 months investment horizon. Twenty Four Con owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 13.81% are justified by taking the suggested risk. Use Twenty Four Con Coefficient Of Variation of (608.82), risk adjusted performance of (0.12), and Variance of 5.71 to evaluate company specific risk that cannot be diversified away. Twenty Four holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Twenty Four are expected to decrease at a much lower rate. During the bear market, Twenty Four is likely to outperform the market. Use Twenty Four Con coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to analyze future returns on Twenty Four Con.
Auto-correlation | 0.27 |
Poor predictability
Twenty Four Con Supply has poor predictability. Overlapping area represents the amount of predictability between Twenty Four time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Twenty Four Con price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Twenty Four price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Twenty Four Con lagged returns against current returns
Autocorrelation, which is Twenty Four 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 Twenty Four's stock expected returns. We can calculate the autocorrelation of Twenty Four returns to help us make a trade decision. For example, suppose you find that Twenty Four 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 |
Twenty Four 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 Twenty Four stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Twenty Four stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Twenty Four stock over time.
Current vs Lagged Prices |
| Timeline |
Twenty Four Lagged Returns
When evaluating Twenty Four's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Twenty Four stock have on its future price. Twenty Four 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, Twenty Four autocorrelation shows the relationship between Twenty Four stock current value and its past values and can show if there is a momentum factor associated with investing in Twenty Four Con Supply.
Regressed Prices |
| Timeline |
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Twenty Four financial ratios help investors to determine whether Twenty Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Twenty with respect to the benefits of owning Twenty Four security.