Thachang Green (Thailand) Market Value
| TGE Stock | 2.38 0.08 3.48% |
| Symbol | Thachang |
Thachang Green '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 Thachang Green'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 Thachang Green.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Thachang Green on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Thachang Green Energy or generate 0.0% return on investment in Thachang Green over 30 days. Thachang Green is related to or competes with TKS Technologies, Eastern Power, Susco Public, and Gulf Energy. More
Thachang Green 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 Thachang Green'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 Thachang Green Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.94 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.54 |
Thachang Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thachang Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thachang Green's standard deviation. In reality, there are many statistical measures that can use Thachang Green historical prices to predict the future Thachang Green's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.3492 |
Thachang Green Energy Backtested Returns
Thachang Green Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.08, which indicates the firm had a -0.08% return per unit of risk over the last 3 months. Thachang Green Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thachang Green's Variance of 3.91, coefficient of variation of (1,188), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thachang Green are expected to decrease at a much lower rate. During the bear market, Thachang Green is likely to outperform the market. At this point, Thachang Green Energy has a negative expected return of -0.16%. Please make sure to validate Thachang Green's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Thachang Green Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Thachang Green Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Thachang Green time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Thachang Green Energy price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Thachang Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thachang Green Energy lagged returns against current returns
Autocorrelation, which is Thachang Green 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 Thachang Green's stock expected returns. We can calculate the autocorrelation of Thachang Green returns to help us make a trade decision. For example, suppose you find that Thachang Green 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 |
Thachang Green 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 Thachang Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thachang Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thachang Green stock over time.
Current vs Lagged Prices |
| Timeline |
Thachang Green Lagged Returns
When evaluating Thachang Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thachang Green stock have on its future price. Thachang Green 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, Thachang Green autocorrelation shows the relationship between Thachang Green stock current value and its past values and can show if there is a momentum factor associated with investing in Thachang Green Energy.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Thachang Stock
Thachang Green financial ratios help investors to determine whether Thachang 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 Thachang with respect to the benefits of owning Thachang Green security.