Taokaenoi Food (Thailand) Market Value
| TKN Stock | THB 8.40 0.20 2.33% |
| Symbol | Taokaenoi |
Taokaenoi Food '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 Taokaenoi Food'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 Taokaenoi Food.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Taokaenoi Food on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Taokaenoi Food Marketing or generate 0.0% return on investment in Taokaenoi Food over 90 days. Taokaenoi Food is related to or competes with CP ALL, Carabao Group, Thai Union, Minor International, and Central Pattana. Taokaenoi Food Marketing Public Company Limited manufactures and distributes fried, grilled, and baked seaweed and seawe... More
Taokaenoi Food 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 Taokaenoi Food'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 Taokaenoi Food Marketing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.13 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.89 |
Taokaenoi Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taokaenoi Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taokaenoi Food's standard deviation. In reality, there are many statistical measures that can use Taokaenoi Food historical prices to predict the future Taokaenoi Food's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.3909 |
Taokaenoi Food Marketing Backtested Returns
Taokaenoi Food is out of control given 3 months investment horizon. Taokaenoi Food Marketing 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 were able to interpolate twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.39% are justified by taking the suggested risk. Use Taokaenoi Food Marketing Variance of 6.66, coefficient of variation of (1,763), and Risk Adjusted Performance of (0.04) to evaluate company specific risk that cannot be diversified away. Taokaenoi Food holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Taokaenoi Food are expected to decrease at a much lower rate. During the bear market, Taokaenoi Food is likely to outperform the market. Use Taokaenoi Food Marketing potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to analyze future returns on Taokaenoi Food Marketing.
Auto-correlation | -0.43 |
Modest reverse predictability
Taokaenoi Food Marketing has modest reverse predictability. Overlapping area represents the amount of predictability between Taokaenoi Food time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Taokaenoi Food Marketing price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Taokaenoi Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Taokaenoi Food Marketing lagged returns against current returns
Autocorrelation, which is Taokaenoi Food 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 Taokaenoi Food's stock expected returns. We can calculate the autocorrelation of Taokaenoi Food returns to help us make a trade decision. For example, suppose you find that Taokaenoi Food 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 |
Taokaenoi Food 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 Taokaenoi Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taokaenoi Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taokaenoi Food stock over time.
Current vs Lagged Prices |
| Timeline |
Taokaenoi Food Lagged Returns
When evaluating Taokaenoi Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taokaenoi Food stock have on its future price. Taokaenoi Food 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, Taokaenoi Food autocorrelation shows the relationship between Taokaenoi Food stock current value and its past values and can show if there is a momentum factor associated with investing in Taokaenoi Food Marketing.
Regressed Prices |
| Timeline |
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Taokaenoi Food financial ratios help investors to determine whether Taokaenoi 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 Taokaenoi with respect to the benefits of owning Taokaenoi Food security.