Thai Capital (Thailand) Market Value
| TCC Stock | THB 0.41 0.01 2.50% |
| Symbol | Thai |
Thai Capital '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 Capital'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 Capital.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Thai Capital on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Capital or generate 0.0% return on investment in Thai Capital over 30 days. Thai Capital is related to or competes with RPCG Public, Solartron Public, Star Petroleum, Super Energy, and PTG Energy. Thai Capital Corporation Public Company Limited imports, distributes, and sells coal, palm shell, and steel products in ... More
Thai Capital 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 Capital'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 Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 37.46 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 4.0 |
Thai Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Capital's standard deviation. In reality, there are many statistical measures that can use Thai Capital historical prices to predict the future Thai Capital's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (1.77) |
Thai Capital Backtested Returns
Thai Capital is out of control given 3 months investment horizon. Thai Capital owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to break down twenty-three different technical indicators, which can help you to evaluate if expected returns of 15.84% are justified by taking the suggested risk. Use Thai Capital Risk Adjusted Performance of 0.0032, variance of 17.95, and Coefficient Of Variation of (15,270) to evaluate company specific risk that cannot be diversified away. Thai Capital holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 0.0213, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Capital is expected to be smaller as well. Use Thai Capital jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Thai Capital.
Auto-correlation | 0.30 |
Below average predictability
Thai Capital has below average predictability. Overlapping area represents the amount of predictability between Thai Capital time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Capital price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Thai Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thai Capital lagged returns against current returns
Autocorrelation, which is Thai Capital 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 Capital's stock expected returns. We can calculate the autocorrelation of Thai Capital returns to help us make a trade decision. For example, suppose you find that Thai Capital 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 Capital 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 Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Capital Lagged Returns
When evaluating Thai Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Capital stock have on its future price. Thai Capital 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 Capital autocorrelation shows the relationship between Thai Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Capital.
Regressed Prices |
| Timeline |
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Thai Capital 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 Capital security.