Thai Poly (Thailand) Market Value
| TPA Stock | THB 3.88 0.14 3.74% |
| Symbol | Thai |
Thai Poly '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 Poly'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 Poly.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Thai Poly on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Thai Poly Acrylic or generate 0.0% return on investment in Thai Poly over 690 days. Thai Poly is related to or competes with AAPICO Hitech, AP Public, Aikchol Hospital, Bank of Ayudhya, and Asia Fiber. Thai Poly Acrylic Public Company Limited manufactures and distributes acrylic sheets, acrylonitrile butadiene styrene sh... More
Thai Poly 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 Poly'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 Poly Acrylic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.41 | |||
| Value At Risk | (7.56) | |||
| Potential Upside | 4.81 |
Thai Poly Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Poly's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Poly's standard deviation. In reality, there are many statistical measures that can use Thai Poly historical prices to predict the future Thai Poly's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.06) |
Thai Poly Acrylic Backtested Returns
Thai Poly is out of control given 3 months investment horizon. Thai Poly Acrylic 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 analyze twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.24% are justified by taking the suggested risk. Use Thai Poly Acrylic Variance of 12.9, coefficient of variation of (8,486), and insignificant Risk Adjusted Performance to evaluate company specific risk that cannot be diversified away. Thai Poly holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.86, which indicates possible diversification benefits within a given portfolio. Thai Poly returns are very sensitive to returns on the market. As the market goes up or down, Thai Poly is expected to follow. Use Thai Poly Acrylic jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Thai Poly Acrylic.
Auto-correlation | -0.26 |
Weak reverse predictability
Thai Poly Acrylic has weak reverse predictability. Overlapping area represents the amount of predictability between Thai Poly time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Poly Acrylic price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Thai Poly price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Thai Poly Acrylic lagged returns against current returns
Autocorrelation, which is Thai Poly 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 Poly's stock expected returns. We can calculate the autocorrelation of Thai Poly returns to help us make a trade decision. For example, suppose you find that Thai Poly 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 Poly 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 Poly stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Poly stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Poly stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Poly Lagged Returns
When evaluating Thai Poly's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Poly stock have on its future price. Thai Poly 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 Poly autocorrelation shows the relationship between Thai Poly stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Poly Acrylic.
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 Thai Stock
Thai Poly 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 Poly security.