TAC Consumer (Thailand) Market Value
| TACC Stock | THB 4.70 0.06 1.26% |
| Symbol | TAC |
TAC Consumer '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 TAC Consumer'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 TAC Consumer.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in TAC Consumer on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding TAC Consumer Public or generate 0.0% return on investment in TAC Consumer over 30 days. TAC Consumer is related to or competes with Carabao Group, Home Product, Tipco Asphalt, Exotic Food, and WHA Public. Consumer Public Company Limited manufactures and distributes beverages in Thailand and internationally More
TAC Consumer 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 TAC Consumer'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 TAC Consumer Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.07 |
TAC Consumer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAC Consumer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAC Consumer's standard deviation. In reality, there are many statistical measures that can use TAC Consumer historical prices to predict the future TAC Consumer's volatility.| Risk Adjusted Performance | 0.0042 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.03) |
TAC Consumer Public Backtested Returns
TAC Consumer Public retains Efficiency (Sharpe Ratio) of -0.0057, which indicates the company had a -0.0057% return per unit of volatility over the last 3 months. TAC Consumer exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TAC Consumer's Mean Deviation of 1.13, information ratio of (0.07), and Market Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TAC Consumer's returns are expected to increase less than the market. However, during the bear market, the loss of holding TAC Consumer is expected to be smaller as well. At this point, TAC Consumer Public has a negative expected return of -0.0087%. Please make sure to validate TAC Consumer's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if TAC Consumer Public performance from the past will be repeated in the future.
Auto-correlation | 0.30 |
Below average predictability
TAC Consumer Public has below average predictability. Overlapping area represents the amount of predictability between TAC Consumer time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 TAC Consumer Public price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current TAC Consumer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
TAC Consumer Public lagged returns against current returns
Autocorrelation, which is TAC Consumer 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 TAC Consumer's stock expected returns. We can calculate the autocorrelation of TAC Consumer returns to help us make a trade decision. For example, suppose you find that TAC Consumer 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 |
TAC Consumer 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 TAC Consumer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAC Consumer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAC Consumer stock over time.
Current vs Lagged Prices |
| Timeline |
TAC Consumer Lagged Returns
When evaluating TAC Consumer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAC Consumer stock have on its future price. TAC Consumer 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, TAC Consumer autocorrelation shows the relationship between TAC Consumer stock current value and its past values and can show if there is a momentum factor associated with investing in TAC Consumer Public.
Regressed Prices |
| Timeline |
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TAC Consumer financial ratios help investors to determine whether TAC 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 TAC with respect to the benefits of owning TAC Consumer security.