Thonburi Healthcare (Thailand) Market Value
| THG Stock | THB 15.90 0.30 1.92% |
| Symbol | Thonburi |
Thonburi Healthcare '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 Thonburi Healthcare'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 Thonburi Healthcare.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Thonburi Healthcare on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Thonburi Healthcare Grp or generate 0.0% return on investment in Thonburi Healthcare over 660 days. Thonburi Healthcare is related to or competes with Bangkok Dusit, Bangkok Chain, Bumrungrad Hospital, Chularat Hospital, and Vibhavadi Medical. Thonburi Healthcare Group Public Company Limited operates private hospitals in Thailand More
Thonburi Healthcare 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 Thonburi Healthcare'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 Thonburi Healthcare Grp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 23.25 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 6.0 |
Thonburi Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thonburi Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thonburi Healthcare's standard deviation. In reality, there are many statistical measures that can use Thonburi Healthcare historical prices to predict the future Thonburi Healthcare's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (1.05) | |||
| Total Risk Alpha | (1.64) | |||
| Treynor Ratio | (4.30) |
Thonburi Healthcare Grp Backtested Returns
Thonburi Healthcare is out of control given 3 months investment horizon. Thonburi Healthcare Grp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.31% are justified by taking the suggested risk. Use Thonburi Healthcare Grp Risk Adjusted Performance of (0.19), variance of 15.59, and Coefficient Of Variation of (391.52) to evaluate company specific risk that cannot be diversified away. Thonburi Healthcare holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thonburi Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thonburi Healthcare is expected to be smaller as well. Use Thonburi Healthcare Grp potential upside, kurtosis, and the relationship between the value at risk and skewness , to analyze future returns on Thonburi Healthcare Grp.
Auto-correlation | 0.79 |
Good predictability
Thonburi Healthcare Grp has good predictability. Overlapping area represents the amount of predictability between Thonburi Healthcare time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Thonburi Healthcare Grp price movement. The serial correlation of 0.79 indicates that around 79.0% of current Thonburi Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 115.25 |
Thonburi Healthcare Grp lagged returns against current returns
Autocorrelation, which is Thonburi Healthcare 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 Thonburi Healthcare's stock expected returns. We can calculate the autocorrelation of Thonburi Healthcare returns to help us make a trade decision. For example, suppose you find that Thonburi Healthcare 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 |
Thonburi Healthcare 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 Thonburi Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thonburi Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thonburi Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Thonburi Healthcare Lagged Returns
When evaluating Thonburi Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thonburi Healthcare stock have on its future price. Thonburi Healthcare 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, Thonburi Healthcare autocorrelation shows the relationship between Thonburi Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Thonburi Healthcare Grp.
Regressed Prices |
| Timeline |
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Thonburi Healthcare financial ratios help investors to determine whether Thonburi 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 Thonburi with respect to the benefits of owning Thonburi Healthcare security.