Thai Oil Pcl Stock Market Value
| TOIPY Stock | USD 13.70 0.00 0.00% |
| Symbol | Thai |
Thai Oil '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 Oil's pink sheet 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 Oil.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Thai Oil on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Oil PCL or generate 0.0% return on investment in Thai Oil over 30 days. Thai Oil is related to or competes with Neste Oyj, Cosan SA, Ultrapar Participacoes, Delek Logistics, Sunoco LP, Marathon Petroleum, and Phillips. Thai Oil Public Company Limited, together with its subsidiaries, engages in the oil refining and distribution, petrochem... More
Thai Oil 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 Oil's pink sheet 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 Oil PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 28.06 |
Thai Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Oil's standard deviation. In reality, there are many statistical measures that can use Thai Oil historical prices to predict the future Thai Oil's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.01) |
Thai Oil PCL Backtested Returns
Thai Oil PCL owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0015, which indicates the firm had a -0.0015% return per unit of risk over the last 3 months. Thai Oil PCL exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Oil's Variance of 18.27, risk adjusted performance of 0.0071, and Coefficient Of Variation of (69,205) to confirm the risk estimate we provide. The entity has a beta of 1.71, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Thai Oil will likely underperform. At this point, Thai Oil PCL has a negative expected return of -0.0065%. Please make sure to validate Thai Oil's mean deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and relative strength index , to decide if Thai Oil PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Thai Oil PCL has no correlation between past and present. Overlapping area represents the amount of predictability between Thai Oil 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 Thai Oil PCL price movement. The serial correlation of 0.0 indicates that just 0.0% of current Thai Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thai Oil PCL lagged returns against current returns
Autocorrelation, which is Thai Oil pink sheet'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 Oil's pink sheet expected returns. We can calculate the autocorrelation of Thai Oil returns to help us make a trade decision. For example, suppose you find that Thai Oil has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Oil 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 Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Oil pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Oil pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Thai Oil Lagged Returns
When evaluating Thai Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Oil pink sheet have on its future price. Thai Oil 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 Oil autocorrelation shows the relationship between Thai Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Thai Oil PCL.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Thai Pink Sheet Analysis
When running Thai Oil's price analysis, check to measure Thai Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thai Oil is operating at the current time. Most of Thai Oil's value examination focuses on studying past and present price action to predict the probability of Thai Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thai Oil's price. Additionally, you may evaluate how the addition of Thai Oil to your portfolios can decrease your overall portfolio volatility.