Thantawan Industry (Thailand) Market Value
| THIP Stock | THB 28.75 0.25 0.88% |
| Symbol | Thantawan |
Thantawan Industry '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 Thantawan Industry'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 Thantawan Industry.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Thantawan Industry on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Thantawan Industry Public or generate 0.0% return on investment in Thantawan Industry over 30 days. Thantawan Industry is related to or competes with Thai Metal, Haad Thip, Sahamitr Pressure, and Ratchthani Leasing. Thantawan Industry Public Company Limited manufactures and exports plastic packaging products in Thailand More
Thantawan Industry 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 Thantawan Industry'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 Thantawan Industry Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.75 |
Thantawan Industry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thantawan Industry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thantawan Industry's standard deviation. In reality, there are many statistical measures that can use Thantawan Industry historical prices to predict the future Thantawan Industry's volatility.| Risk Adjusted Performance | 0.036 | |||
| Jensen Alpha | 0.0342 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.52) |
Thantawan Industry Public Backtested Returns
As of now, Thantawan Stock is very steady. Thantawan Industry Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0549, which indicates the firm had a 0.0549% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thantawan Industry Public, which you can use to evaluate the volatility of the company. Please validate Thantawan Industry's Semi Deviation of 0.5896, risk adjusted performance of 0.036, and Coefficient Of Variation of 2168.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.0461%. Thantawan Industry has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.054, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thantawan Industry are expected to decrease at a much lower rate. During the bear market, Thantawan Industry is likely to outperform the market. Thantawan Industry Public right now has a risk of 0.84%. Please validate Thantawan Industry coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Thantawan Industry will be following its existing price patterns.
Auto-correlation | 0.42 |
Average predictability
Thantawan Industry Public has average predictability. Overlapping area represents the amount of predictability between Thantawan Industry time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Thantawan Industry Public price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Thantawan Industry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Thantawan Industry Public lagged returns against current returns
Autocorrelation, which is Thantawan Industry 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 Thantawan Industry's stock expected returns. We can calculate the autocorrelation of Thantawan Industry returns to help us make a trade decision. For example, suppose you find that Thantawan Industry 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 |
Thantawan Industry 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 Thantawan Industry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thantawan Industry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thantawan Industry stock over time.
Current vs Lagged Prices |
| Timeline |
Thantawan Industry Lagged Returns
When evaluating Thantawan Industry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thantawan Industry stock have on its future price. Thantawan Industry 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, Thantawan Industry autocorrelation shows the relationship between Thantawan Industry stock current value and its past values and can show if there is a momentum factor associated with investing in Thantawan Industry Public.
Regressed Prices |
| Timeline |
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Thantawan Industry financial ratios help investors to determine whether Thantawan 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 Thantawan with respect to the benefits of owning Thantawan Industry security.