Thai Nakarin (Thailand) Market Value
| TNH Stock | THB 37.25 0.25 0.67% |
| Symbol | Thai |
Thai Nakarin '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 Nakarin'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 Nakarin.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Thai Nakarin on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Nakarin Hospital or generate 0.0% return on investment in Thai Nakarin over 90 days. Thai Nakarin is related to or competes with Bumrungrad Hospital, Ramkhamhaeng Hospital, Thonburi Healthcare, Bangkok Chain, Vibhavadi Medical, Sikarin Public, and THONBURI HEALTHCARE. Thai Nakarin Hospital Public Company Limited engages in the hospital business in Thailand More
Thai Nakarin 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 Nakarin'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 Nakarin Hospital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.762 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.7155 |
Thai Nakarin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Nakarin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Nakarin's standard deviation. In reality, there are many statistical measures that can use Thai Nakarin historical prices to predict the future Thai Nakarin's volatility.| Risk Adjusted Performance | 0.1192 | |||
| Jensen Alpha | 0.104 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.66) |
Thai Nakarin Hospital Backtested Returns
As of now, Thai Stock is very steady. Thai Nakarin Hospital owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thai Nakarin Hospital, which you can use to evaluate the volatility of the company. Please validate Thai Nakarin's Coefficient Of Variation of 594.51, semi deviation of 0.1332, and Risk Adjusted Performance of 0.1192 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Thai Nakarin has a performance score of 14 on a scale of 0 to 100. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thai Nakarin are expected to decrease at a much lower rate. During the bear market, Thai Nakarin is likely to outperform the market. Thai Nakarin Hospital right now has a risk of 0.58%. Please validate Thai Nakarin coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Thai Nakarin will be following its existing price patterns.
Auto-correlation | 0.58 |
Modest predictability
Thai Nakarin Hospital has modest predictability. Overlapping area represents the amount of predictability between Thai Nakarin time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Nakarin Hospital price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Thai Nakarin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Thai Nakarin Hospital lagged returns against current returns
Autocorrelation, which is Thai Nakarin 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 Nakarin's stock expected returns. We can calculate the autocorrelation of Thai Nakarin returns to help us make a trade decision. For example, suppose you find that Thai Nakarin 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 Nakarin 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 Nakarin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Nakarin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Nakarin stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Nakarin Lagged Returns
When evaluating Thai Nakarin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Nakarin stock have on its future price. Thai Nakarin 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 Nakarin autocorrelation shows the relationship between Thai Nakarin stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Nakarin Hospital.
Regressed Prices |
| Timeline |
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Thai Nakarin 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 Nakarin security.