Thai Energy (Thailand) Market Value
| 3K-BAT Stock | THB 53.75 0.25 0.46% |
| Symbol | Thai |
Thai Energy '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 Thai Energy'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 Thai Energy.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Thai Energy on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Thai Energy Storage or generate 0.0% return on investment in Thai Energy over 540 days. Thai Energy is related to or competes with AJ Advance, Cpt Drives, Asia Metal, Erawan, Autocorp Holding, XSpring Capital, and Ditto Public. Thai Energy Storage Technology Public Company Limited manufactures and sells batteries in Thailand and internationally More
Thai Energy 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 Thai Energy'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 Thai Energy Storage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6266 | |||
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.4739 |
Thai Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Energy's standard deviation. In reality, there are many statistical measures that can use Thai Energy historical prices to predict the future Thai Energy's volatility.| Risk Adjusted Performance | 0.061 | |||
| Jensen Alpha | 0.0239 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.43) |
Thai Energy Storage Backtested Returns
Thai Energy is out of control given 3 months investment horizon. Thai Energy Storage 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 interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.54% are justified by taking the suggested risk. Use Thai Energy Storage Risk Adjusted Performance of 0.061, semi deviation of 0.0754, and Coefficient Of Variation of 982.45 to evaluate company specific risk that cannot be diversified away. Thai Energy holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.0438, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thai Energy are expected to decrease at a much lower rate. During the bear market, Thai Energy is likely to outperform the market. Use Thai Energy Storage market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Thai Energy Storage.
Auto-correlation | -0.58 |
Good reverse predictability
Thai Energy Storage has good reverse predictability. Overlapping area represents the amount of predictability between Thai Energy time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Thai Energy Storage price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Thai Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 113.97 |
Thai Energy Storage lagged returns against current returns
Autocorrelation, which is Thai Energy 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 Thai Energy's stock expected returns. We can calculate the autocorrelation of Thai Energy returns to help us make a trade decision. For example, suppose you find that Thai Energy 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 |
Thai Energy 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 Thai Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Energy Lagged Returns
When evaluating Thai Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Energy stock have on its future price. Thai Energy 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, Thai Energy autocorrelation shows the relationship between Thai Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Energy Storage.
Regressed Prices |
| Timeline |
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Thai Energy financial ratios help investors to determine whether Thai 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 Thai with respect to the benefits of owning Thai Energy security.