TOA PAINT (Thailand) Market Value
| TOA-R Stock | THB 17.00 0.60 3.66% |
| Symbol | TOA |
TOA PAINT '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 TOA PAINT'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 TOA PAINT.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TOA PAINT on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TOA PAINT or generate 0.0% return on investment in TOA PAINT over 30 days. TOA PAINT is related to or competes with NCL International, Erawan, Airports, Eastern Technical, Pylon Public, Asian Sea, and Gunkul Engineering. TOA Paint Public Company Limited, together with its subsidiaries, manufactures and distributes paints and chemicals in T... More
TOA PAINT 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 TOA PAINT'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 TOA PAINT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 41.05 |
TOA PAINT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOA PAINT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOA PAINT's standard deviation. In reality, there are many statistical measures that can use TOA PAINT historical prices to predict the future TOA PAINT's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | 3.13 |
TOA PAINT Backtested Returns
TOA PAINT retains Efficiency (Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. TOA PAINT exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOA PAINT's standard deviation of 4.91, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TOA PAINT are expected to decrease at a much lower rate. During the bear market, TOA PAINT is likely to outperform the market. At this point, TOA PAINT has a negative expected return of -0.6%. Please make sure to validate TOA PAINT's variance, accumulation distribution, period momentum indicator, as well as the relationship between the total risk alpha and day median price , to decide if TOA PAINT performance from the past will be repeated at future time.
Auto-correlation | 0.00 |
No correlation between past and present
TOA PAINT has no correlation between past and present. Overlapping area represents the amount of predictability between TOA PAINT time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 TOA PAINT price movement. The serial correlation of 0.0 indicates that just 0.0% of current TOA PAINT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 29.2 |
TOA PAINT lagged returns against current returns
Autocorrelation, which is TOA PAINT 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 TOA PAINT's stock expected returns. We can calculate the autocorrelation of TOA PAINT returns to help us make a trade decision. For example, suppose you find that TOA PAINT 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 |
TOA PAINT 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 TOA PAINT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOA PAINT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOA PAINT stock over time.
Current vs Lagged Prices |
| Timeline |
TOA PAINT Lagged Returns
When evaluating TOA PAINT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOA PAINT stock have on its future price. TOA PAINT 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, TOA PAINT autocorrelation shows the relationship between TOA PAINT stock current value and its past values and can show if there is a momentum factor associated with investing in TOA PAINT.
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 TOA Stock
TOA PAINT financial ratios help investors to determine whether TOA 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 TOA with respect to the benefits of owning TOA PAINT security.