TKrungthai Industries (Thailand) Market Value
TKT Stock | THB 1.60 0.01 0.63% |
Symbol | TKrungthai |
TKrungthai Industries '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 TKrungthai Industries' 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 TKrungthai Industries.
11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in TKrungthai Industries on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding TKrungthai Industries Public or generate 0.0% return on investment in TKrungthai Industries over 30 days. TKrungthai Industries is related to or competes with Central Pattana, CP ALL, Bangkok Dusit, and Airports. T.Krungthai Industries Public Company Limited manufactures and sells plastic parts in Thailand More
TKrungthai Industries 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 TKrungthai Industries' 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 TKrungthai Industries Public upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.13) | |||
Maximum Drawdown | 10.64 | |||
Value At Risk | (3.73) | |||
Potential Upside | 3.73 |
TKrungthai Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TKrungthai Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TKrungthai Industries' standard deviation. In reality, there are many statistical measures that can use TKrungthai Industries historical prices to predict the future TKrungthai Industries' volatility.Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.13) | |||
Total Risk Alpha | (0.46) | |||
Treynor Ratio | (2.20) |
TKrungthai Industries Backtested Returns
TKrungthai Industries is out of control given 3 months investment horizon. TKrungthai Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 15.77% are justified by taking the suggested risk. Use TKrungthai Industries Risk Adjusted Performance of (0.04), variance of 4.07, and Coefficient Of Variation of (1,735) to evaluate company specific risk that cannot be diversified away. TKrungthai Industries holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 0.0573, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TKrungthai Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding TKrungthai Industries is expected to be smaller as well. Use TKrungthai Industries skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to analyze future returns on TKrungthai Industries.
Auto-correlation | -0.42 |
Modest reverse predictability
TKrungthai Industries Public has modest reverse predictability. Overlapping area represents the amount of predictability between TKrungthai Industries time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 TKrungthai Industries price movement. The serial correlation of -0.42 indicates that just about 42.0% of current TKrungthai Industries price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.42 | |
Spearman Rank Test | 0.2 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
TKrungthai Industries lagged returns against current returns
Autocorrelation, which is TKrungthai Industries 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 TKrungthai Industries' stock expected returns. We can calculate the autocorrelation of TKrungthai Industries returns to help us make a trade decision. For example, suppose you find that TKrungthai Industries 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 |
TKrungthai Industries 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 TKrungthai Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TKrungthai Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TKrungthai Industries stock over time.
Current vs Lagged Prices |
Timeline |
TKrungthai Industries Lagged Returns
When evaluating TKrungthai Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TKrungthai Industries stock have on its future price. TKrungthai Industries 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, TKrungthai Industries autocorrelation shows the relationship between TKrungthai Industries stock current value and its past values and can show if there is a momentum factor associated with investing in TKrungthai Industries Public.
Regressed Prices |
Timeline |
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TKrungthai Industries financial ratios help investors to determine whether TKrungthai 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 TKrungthai with respect to the benefits of owning TKrungthai Industries security.