Thai German (Thailand) Market Value
| TGPRO Stock | THB 0.10 0.01 9.09% |
| Symbol | Thai |
Thai German '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 German'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 German.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Thai German on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Thai German Products Public or generate 0.0% return on investment in Thai German over 540 days. Thai German is related to or competes with AAPICO Hitech, AP Public, Aikchol Hospital, Bank of Ayudhya, and Asia Fiber. Thai-German Products Public Company Limited manufactures and distributes stainless steel pipes, sheets, axles, and equip... More
Thai German 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 German'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 German Products Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.35 | |||
| Information Ratio | 0.0641 | |||
| Maximum Drawdown | 38.89 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 12.5 |
Thai German Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai German's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai German's standard deviation. In reality, there are many statistical measures that can use Thai German historical prices to predict the future Thai German's volatility.| Risk Adjusted Performance | 0.0718 | |||
| Jensen Alpha | 0.5832 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0435 | |||
| Treynor Ratio | (3.62) |
Thai German Products Backtested Returns
Thai German is out of control given 3 months investment horizon. Thai German Products owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 14.87% are justified by taking the suggested risk. Use Thai German Products Coefficient Of Variation of 1219.23, semi deviation of 4.7, and Risk Adjusted Performance of 0.0718 to evaluate company specific risk that cannot be diversified away. Thai German holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thai German are expected to decrease at a much lower rate. During the bear market, Thai German is likely to outperform the market. Use Thai German Products jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to analyze future returns on Thai German Products.
Auto-correlation | 0.10 |
Insignificant predictability
Thai German Products Public has insignificant predictability. Overlapping area represents the amount of predictability between Thai German time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 German Products price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Thai German price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thai German Products lagged returns against current returns
Autocorrelation, which is Thai German 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 German's stock expected returns. We can calculate the autocorrelation of Thai German returns to help us make a trade decision. For example, suppose you find that Thai German 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 German 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 German stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai German stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai German stock over time.
Current vs Lagged Prices |
| Timeline |
Thai German Lagged Returns
When evaluating Thai German's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai German stock have on its future price. Thai German 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 German autocorrelation shows the relationship between Thai German stock current value and its past values and can show if there is a momentum factor associated with investing in Thai German Products Public.
Regressed Prices |
| Timeline |
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Thai German 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 German security.