Thai Industrial (Thailand) Market Value
| TIF1 Stock | THB 7.55 0.00 0.00% |
| Symbol | Thai |
Thai Industrial '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 Industrial'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 Industrial.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Thai Industrial on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Thai Industrial or generate 0.0% return on investment in Thai Industrial over 390 days. Thai Industrial is related to or competes with Gulf Energy, CP ALL, BGrimm Power, Bangkok Expressway, and Minor International. Thai Industrial operates under Asset Management classification in Thailand and is traded on Stock Exchange of Thailand. More
Thai Industrial 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 Industrial'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 Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.83 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.94 |
Thai Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Industrial's standard deviation. In reality, there are many statistical measures that can use Thai Industrial historical prices to predict the future Thai Industrial's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.1112 |
Thai Industrial Backtested Returns
Thai Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0196, which indicates the firm had a -0.0196% return per unit of risk over the last 3 months. Thai Industrial exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Industrial's Coefficient Of Variation of (18,733), risk adjusted performance of 0.0014, and Variance of 2.38 to confirm the risk estimate we provide. 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 Industrial are expected to decrease at a much lower rate. During the bear market, Thai Industrial is likely to outperform the market. At this point, Thai Industrial has a negative expected return of -0.0312%. Please make sure to validate Thai Industrial's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Thai Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Thai Industrial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thai Industrial time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Thai Industrial price movement. The serial correlation of -0.19 indicates that over 19.0% of current Thai Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Thai Industrial lagged returns against current returns
Autocorrelation, which is Thai Industrial 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 Industrial's stock expected returns. We can calculate the autocorrelation of Thai Industrial returns to help us make a trade decision. For example, suppose you find that Thai Industrial 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 Industrial 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 Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Industrial Lagged Returns
When evaluating Thai Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Industrial stock have on its future price. Thai Industrial 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 Industrial autocorrelation shows the relationship between Thai Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Industrial.
Regressed Prices |
| Timeline |
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Thai Industrial 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 Industrial security.