Thai Eastern (Thailand) Market Value
| TEGH Stock | 3.22 0.02 0.62% |
| Symbol | Thai |
Thai Eastern '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 Eastern'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 Eastern.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Thai Eastern on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Eastern Group or generate 0.0% return on investment in Thai Eastern over 30 days. Thai Eastern is related to or competes with Srinanaporn Marketing, Thaifoods Group, GFPT Public, and Next Capital. More
Thai Eastern 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 Eastern'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 Eastern Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.28 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 4.73 |
Thai Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Eastern's standard deviation. In reality, there are many statistical measures that can use Thai Eastern historical prices to predict the future Thai Eastern's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.45) |
Thai Eastern Group Backtested Returns
Thai Eastern Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0372, which indicates the firm had a -0.0372% return per unit of risk over the last 3 months. Thai Eastern Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Eastern's Variance of 8.51, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,940) to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Eastern's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Eastern is expected to be smaller as well. At this point, Thai Eastern Group has a negative expected return of -0.11%. Please make sure to validate Thai Eastern's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Thai Eastern Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Thai Eastern Group has good reverse predictability. Overlapping area represents the amount of predictability between Thai Eastern 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 Thai Eastern Group price movement. The serial correlation of -0.53 indicates that about 53.0% of current Thai Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thai Eastern Group lagged returns against current returns
Autocorrelation, which is Thai Eastern 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 Eastern's stock expected returns. We can calculate the autocorrelation of Thai Eastern returns to help us make a trade decision. For example, suppose you find that Thai Eastern 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 Eastern 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 Eastern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Eastern stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Eastern Lagged Returns
When evaluating Thai Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Eastern stock have on its future price. Thai Eastern 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 Eastern autocorrelation shows the relationship between Thai Eastern stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Eastern Group.
Regressed Prices |
| Timeline |
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Thai Eastern 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 Eastern security.