Thanapiriya Public (Thailand) Market Value
| TNP Stock | THB 3.62 0.08 2.26% |
| Symbol | Thanapiriya |
Thanapiriya Public '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 Thanapiriya Public'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 Thanapiriya Public.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Thanapiriya Public on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Thanapiriya Public or generate 0.0% return on investment in Thanapiriya Public over 30 days. Thanapiriya Public is related to or competes with S P, Mega Lifesciences, TAC Consumer, Com7 PCL, and Srisawad Power. Thanapiriya Public Company Limited operates wholesale and retail superstores in Thailand More
Thanapiriya Public 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 Thanapiriya Public'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 Thanapiriya Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0068 | |||
| Maximum Drawdown | 11.93 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 5.29 |
Thanapiriya Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thanapiriya Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thanapiriya Public's standard deviation. In reality, there are many statistical measures that can use Thanapiriya Public historical prices to predict the future Thanapiriya Public's volatility.| Risk Adjusted Performance | 0.0483 | |||
| Jensen Alpha | 0.1411 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0075 | |||
| Treynor Ratio | (0.44) |
Thanapiriya Public Backtested Returns
Thanapiriya Public is out of control given 3 months investment horizon. Thanapiriya 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 were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.29% are justified by taking the suggested risk. Use Thanapiriya Public Coefficient Of Variation of 1830.21, semi deviation of 1.69, and Risk Adjusted Performance of 0.0483 to evaluate company specific risk that cannot be diversified away. Thanapiriya Public holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thanapiriya Public are expected to decrease at a much lower rate. During the bear market, Thanapiriya Public is likely to outperform the market. Use Thanapiriya Public coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on Thanapiriya Public.
Auto-correlation | 0.06 |
Virtually no predictability
Thanapiriya Public has virtually no predictability. Overlapping area represents the amount of predictability between Thanapiriya Public time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Thanapiriya Public price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Thanapiriya Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thanapiriya Public lagged returns against current returns
Autocorrelation, which is Thanapiriya Public 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 Thanapiriya Public's stock expected returns. We can calculate the autocorrelation of Thanapiriya Public returns to help us make a trade decision. For example, suppose you find that Thanapiriya Public 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 |
Thanapiriya Public 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 Thanapiriya Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thanapiriya Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thanapiriya Public stock over time.
Current vs Lagged Prices |
| Timeline |
Thanapiriya Public Lagged Returns
When evaluating Thanapiriya Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thanapiriya Public stock have on its future price. Thanapiriya Public 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, Thanapiriya Public autocorrelation shows the relationship between Thanapiriya Public stock current value and its past values and can show if there is a momentum factor associated with investing in Thanapiriya Public.
Regressed Prices |
| Timeline |
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Thanapiriya Public financial ratios help investors to determine whether Thanapiriya 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 Thanapiriya with respect to the benefits of owning Thanapiriya Public security.