Thai Nam (Thailand) Market Value
| TNPC Stock | THB 0.92 0.01 1.10% |
| Symbol | Thai |
Thai Nam '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 Nam'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 Nam.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Thai Nam on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Thai Nam Plastic or generate 0.0% return on investment in Thai Nam over 720 days. Thai Nam is related to or competes with PTT Public, PTT Exploration, Siam Cement, CP ALL, and Kasikornbank Public. Thai Nam Plastic Public Company Limited engages in the production and distribution of flexible plastic, synthetic leathe... More
Thai Nam 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 Nam'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 Nam Plastic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.56 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 2.88 |
Thai Nam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Nam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Nam's standard deviation. In reality, there are many statistical measures that can use Thai Nam historical prices to predict the future Thai Nam's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (25.78) |
Thai Nam Plastic Backtested Returns
Thai Nam is out of control given 3 months investment horizon. Thai Nam Plastic 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 were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 15.66% are justified by taking the suggested risk. Use Thai Nam Plastic Coefficient Of Variation of (865.36), risk adjusted performance of (0.08), and Variance of 5.19 to evaluate company specific risk that cannot be diversified away. Thai Nam holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 0.0106, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Nam's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Nam is expected to be smaller as well. Use Thai Nam Plastic jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Thai Nam Plastic.
Auto-correlation | 0.73 |
Good predictability
Thai Nam Plastic has good predictability. Overlapping area represents the amount of predictability between Thai Nam time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Thai Nam Plastic price movement. The serial correlation of 0.73 indicates that around 73.0% of current Thai Nam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Thai Nam Plastic lagged returns against current returns
Autocorrelation, which is Thai Nam 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 Nam's stock expected returns. We can calculate the autocorrelation of Thai Nam returns to help us make a trade decision. For example, suppose you find that Thai Nam 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 Nam 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 Nam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Nam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Nam stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Nam Lagged Returns
When evaluating Thai Nam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Nam stock have on its future price. Thai Nam 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 Nam autocorrelation shows the relationship between Thai Nam stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Nam Plastic.
Regressed Prices |
| Timeline |
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Thai Nam 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 Nam security.