Thai Mitsuwa (Thailand) Market Value
| TMW Stock | THB 62.50 0.50 0.79% |
| Symbol | Thai |
Thai Mitsuwa '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 Mitsuwa'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 Mitsuwa.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Thai Mitsuwa on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Mitsuwa Public or generate 0.0% return on investment in Thai Mitsuwa over 180 days. Thai Mitsuwa is related to or competes with Business Online, Communication System, Erawan, Ditto Public, Airports, Eastern Technical, and Pylon Public. Thai Mitsuwa Public Company Limited manufactures and sells plastic and magnesium products in Thailand and internationall... More
Thai Mitsuwa 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 Mitsuwa'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 Mitsuwa Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.1076 | |||
| Maximum Drawdown | 6.45 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.79 |
Thai Mitsuwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Mitsuwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Mitsuwa's standard deviation. In reality, there are many statistical measures that can use Thai Mitsuwa historical prices to predict the future Thai Mitsuwa's volatility.| Risk Adjusted Performance | 0.1675 | |||
| Jensen Alpha | 0.2811 | |||
| Total Risk Alpha | 0.0613 | |||
| Sortino Ratio | 0.0988 | |||
| Treynor Ratio | (0.90) |
Thai Mitsuwa Public Backtested Returns
Thai Mitsuwa is out of control given 3 months investment horizon. Thai Mitsuwa Public 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 are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.47% are justified by taking the suggested risk. Use Thai Mitsuwa Public Risk Adjusted Performance of 0.1675, semi deviation of 0.6135, and Coefficient Of Variation of 466.35 to evaluate company specific risk that cannot be diversified away. Thai Mitsuwa holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thai Mitsuwa are expected to decrease at a much lower rate. During the bear market, Thai Mitsuwa is likely to outperform the market. Use Thai Mitsuwa Public total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to analyze future returns on Thai Mitsuwa Public.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Thai Mitsuwa Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thai Mitsuwa time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Thai Mitsuwa Public price movement. The serial correlation of -0.19 indicates that over 19.0% of current Thai Mitsuwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 68.94 |
Thai Mitsuwa Public lagged returns against current returns
Autocorrelation, which is Thai Mitsuwa 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 Mitsuwa's stock expected returns. We can calculate the autocorrelation of Thai Mitsuwa returns to help us make a trade decision. For example, suppose you find that Thai Mitsuwa 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 Mitsuwa 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 Mitsuwa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Mitsuwa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Mitsuwa stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Mitsuwa Lagged Returns
When evaluating Thai Mitsuwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Mitsuwa stock have on its future price. Thai Mitsuwa 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 Mitsuwa autocorrelation shows the relationship between Thai Mitsuwa stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Mitsuwa Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Thai Stock
Thai Mitsuwa 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 Mitsuwa security.