Thai OPP (Thailand) Market Value
| TOPP Stock | THB 169.00 0.00 0.00% |
| Symbol | Thai |
Thai OPP '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 OPP'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 OPP.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Thai OPP on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Thai OPP Public or generate 0.0% return on investment in Thai OPP over 90 days. Thai OPP is related to or competes with Asia Sermkij, WHA Utilities, Halcyon Technology, Turnkey Communication, Warrix Sport, Saksiam Leasing, and Siam Technic. Public Company Limited manufactures and distributes plastic films, stickers, laminate tubes, and packaging products in T... More
Thai OPP 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 OPP'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 OPP Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.99 |
Thai OPP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai OPP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai OPP's standard deviation. In reality, there are many statistical measures that can use Thai OPP historical prices to predict the future Thai OPP's volatility.| Risk Adjusted Performance | 0.0057 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.07) |
Thai OPP Public Backtested Returns
Thai OPP is out of control given 3 months investment horizon. Thai OPP 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 collect data for sixteen different technical indicators, which can help you to evaluate if expected returns of 14.52% are justified by taking the suggested risk. Use Thai OPP Public Variance of 0.4013, coefficient of variation of 9843.28, and Risk Adjusted Performance of 0.0057 to evaluate company specific risk that cannot be diversified away. Thai OPP holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.0476, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai OPP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai OPP is expected to be smaller as well. Use Thai OPP Public coefficient of variation, variance, treynor ratio, as well as the relationship between the standard deviation and information ratio , to analyze future returns on Thai OPP Public.
Auto-correlation | -0.23 |
Weak reverse predictability
Thai OPP Public has weak reverse predictability. Overlapping area represents the amount of predictability between Thai OPP time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 OPP Public price movement. The serial correlation of -0.23 indicates that over 23.0% of current Thai OPP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 2.03 |
Thai OPP Public lagged returns against current returns
Autocorrelation, which is Thai OPP 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 OPP's stock expected returns. We can calculate the autocorrelation of Thai OPP returns to help us make a trade decision. For example, suppose you find that Thai OPP 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 OPP 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 OPP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai OPP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai OPP stock over time.
Current vs Lagged Prices |
| Timeline |
Thai OPP Lagged Returns
When evaluating Thai OPP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai OPP stock have on its future price. Thai OPP 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 OPP autocorrelation shows the relationship between Thai OPP stock current value and its past values and can show if there is a momentum factor associated with investing in Thai OPP Public.
Regressed Prices |
| Timeline |
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Thai OPP 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 OPP security.