TOA Paint (Thailand) Market Value
| TOA Stock | THB 14.30 0.20 1.42% |
| 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.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in TOA Paint on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding TOA Paint Public or generate 0.0% return on investment in TOA Paint over 90 days. TOA Paint is related to or competes with Berli Jucker, Carabao Group, Home Product, Bangkok Dusit, and Krungthai Card. 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 Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 20.53 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 1.6 |
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 | (0.11) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | 123.57 |
TOA Paint Public Backtested Returns
TOA Paint Public retains Efficiency (Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. TOA Paint exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOA Paint's risk adjusted performance of (0.11), and Standard Deviation of 2.37 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.003, 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 Public has a negative expected return of -0.33%. Please make sure to validate TOA Paint's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if TOA Paint Public performance from the past will be repeated at future time.
Auto-correlation | 0.04 |
Virtually no predictability
TOA Paint Public has virtually no predictability. Overlapping area represents the amount of predictability between TOA Paint time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 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 TOA Paint Public price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current TOA Paint price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
TOA Paint Public 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 Public.
Regressed Prices |
| Timeline |
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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.