Trinity Watthana (Thailand) Market Value
| TNITY Stock | THB 4.86 0.29 5.63% |
| Symbol | Trinity |
Trinity Watthana '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 Trinity Watthana'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 Trinity Watthana.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Trinity Watthana on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Trinity Watthana Public or generate 0.0% return on investment in Trinity Watthana over 30 days. Trinity Watthana is related to or competes with Asia Plus, Thitikorn Public, TISCO Financial, KGI Securities, and Ratchthani Leasing. Trinity Watthana Public Company Limited, through its subsidiaries, engages in the securities business in Thailand More
Trinity Watthana 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 Trinity Watthana'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 Trinity Watthana Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0826 | |||
| Maximum Drawdown | 9.88 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 4.55 |
Trinity Watthana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trinity Watthana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trinity Watthana's standard deviation. In reality, there are many statistical measures that can use Trinity Watthana historical prices to predict the future Trinity Watthana's volatility.| Risk Adjusted Performance | 0.1101 | |||
| Jensen Alpha | 0.2576 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0862 | |||
| Treynor Ratio | 0.6424 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trinity Watthana's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trinity Watthana Public Backtested Returns
Trinity Watthana is out of control given 3 months investment horizon. Trinity Watthana Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.72% are justified by taking the suggested risk. Use Trinity Watthana Public Risk Adjusted Performance of 0.1101, semi deviation of 1.46, and Coefficient Of Variation of 741.76 to evaluate company specific risk that cannot be diversified away. Trinity Watthana holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trinity Watthana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trinity Watthana is expected to be smaller as well. Use Trinity Watthana Public maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on Trinity Watthana Public.
Auto-correlation | 0.92 |
Excellent predictability
Trinity Watthana Public has excellent predictability. Overlapping area represents the amount of predictability between Trinity Watthana time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Trinity Watthana Public price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Trinity Watthana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Trinity Watthana Public lagged returns against current returns
Autocorrelation, which is Trinity Watthana 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 Trinity Watthana's stock expected returns. We can calculate the autocorrelation of Trinity Watthana returns to help us make a trade decision. For example, suppose you find that Trinity Watthana 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 |
Trinity Watthana 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 Trinity Watthana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trinity Watthana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trinity Watthana stock over time.
Current vs Lagged Prices |
| Timeline |
Trinity Watthana Lagged Returns
When evaluating Trinity Watthana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trinity Watthana stock have on its future price. Trinity Watthana 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, Trinity Watthana autocorrelation shows the relationship between Trinity Watthana stock current value and its past values and can show if there is a momentum factor associated with investing in Trinity Watthana Public.
Regressed Prices |
| Timeline |
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Trinity Watthana financial ratios help investors to determine whether Trinity 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 Trinity with respect to the benefits of owning Trinity Watthana security.