Thai Poly (Thailand) Market Value
| TPA Stock | THB 4.16 0.16 4.00% |
| 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Thai Poly on October 27, 2024 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 30 days. Thai Poly is related to or competes with PTT Public, PTT Exploration, CP ALL, and Kasikornbank Public. 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.
| Downside Deviation | 4.73 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 23.41 | |||
| Value At Risk | (5.21) | |||
| 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 | 0.0337 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1005 |
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 thirty different technical indicators, which can help you to evaluate if expected returns of 14.57% are justified by taking the suggested risk. Use Thai Poly Acrylic Risk Adjusted Performance of 0.0337, semi deviation of 2.45, and Coefficient Of Variation of 2954.69 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 1.04, which indicates a somewhat significant risk relative to the market. 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 semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Thai Poly Acrylic.
Auto-correlation | -0.03 |
Very weak reverse predictability
Thai Poly Acrylic has very weak reverse predictability. Overlapping area represents the amount of predictability between Thai Poly 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 Poly Acrylic price movement. The serial correlation of -0.03 indicates that only 3.0% of current Thai Poly price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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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.