Thai Group (Thailand) Market Value
| TGH Stock | THB 12.20 0.10 0.83% |
| Symbol | Thai |
Thai Group '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 Group'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 Group.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Thai Group on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Group Holdings or generate 0.0% return on investment in Thai Group over 180 days. Thai Group is related to or competes with Ratchthani Leasing, TEAM Consulting, Thai President, and Thai Reinsurance. Thai Group Holdings Public Company Limited engages in the underwriting of life and non-life insurance business principal... More
Thai Group 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 Group'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 Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.6 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 2.4 |
Thai Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Group's standard deviation. In reality, there are many statistical measures that can use Thai Group historical prices to predict the future Thai Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.4177 |
Thai Group Holdings Backtested Returns
Thai Group is out of control given 3 months investment horizon. Thai Group Holdings 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 have analyze and collected data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.14% are justified by taking the suggested risk. Use Thai Group Holdings Coefficient Of Variation of (1,059), variance of 5.26, and Risk Adjusted Performance of (0.07) to evaluate company specific risk that cannot be diversified away. Thai Group holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thai Group are expected to decrease at a much lower rate. During the bear market, Thai Group is likely to outperform the market. Use Thai Group Holdings coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to analyze future returns on Thai Group Holdings.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Thai Group Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thai Group time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Group Holdings price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Thai Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.96 |
Thai Group Holdings lagged returns against current returns
Autocorrelation, which is Thai Group 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 Group's stock expected returns. We can calculate the autocorrelation of Thai Group returns to help us make a trade decision. For example, suppose you find that Thai Group 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 Group 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 Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Group stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Group Lagged Returns
When evaluating Thai Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Group stock have on its future price. Thai Group 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 Group autocorrelation shows the relationship between Thai Group stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Group Holdings.
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 Thai Stock
Thai Group 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 Group security.