TPBI PCL (Thailand) Market Value
| TPBI Stock | THB 2.88 0.06 2.04% |
| Symbol | TPBI |
TPBI PCL '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 TPBI PCL'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 TPBI PCL.
| 01/18/2024 |
| 01/07/2026 |
If you would invest 0.00 in TPBI PCL on January 18, 2024 and sell it all today you would earn a total of 0.00 from holding TPBI PCL or generate 0.0% return on investment in TPBI PCL over 720 days. TPBI PCL is related to or competes with Panjawattana Plastic, AJ Plast, Yuasa Battery, Jubilee Enterprise, Warrix Sport, and Big Camera. TPBI Public Company Limited, together with its subsidiaries, manufactures and distributes plastic bag products and other... More
TPBI PCL 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 TPBI PCL'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 TPBI PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 0.6993 |
TPBI PCL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TPBI PCL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPBI PCL's standard deviation. In reality, there are many statistical measures that can use TPBI PCL historical prices to predict the future TPBI PCL's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.41) |
TPBI PCL Backtested Returns
TPBI PCL retains Efficiency (Sharpe Ratio) of -0.0551, which indicates the firm had a -0.0551 % return per unit of volatility over the last 3 months. TPBI PCL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TPBI PCL's risk adjusted performance of (0.04), and Standard Deviation of 0.7852 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TPBI PCL's returns are expected to increase less than the market. However, during the bear market, the loss of holding TPBI PCL is expected to be smaller as well. At this point, TPBI PCL has a negative expected return of -0.0448%. Please make sure to validate TPBI PCL's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if TPBI PCL performance from the past will be repeated at future time.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
TPBI PCL has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TPBI PCL time series from 18th of January 2024 to 12th of January 2025 and 12th of January 2025 to 7th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TPBI PCL price movement. The serial correlation of -0.72 indicates that around 72.0% of current TPBI PCL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
TPBI PCL lagged returns against current returns
Autocorrelation, which is TPBI PCL 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 TPBI PCL's stock expected returns. We can calculate the autocorrelation of TPBI PCL returns to help us make a trade decision. For example, suppose you find that TPBI PCL 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 |
TPBI PCL 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 TPBI PCL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPBI PCL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPBI PCL stock over time.
Current vs Lagged Prices |
| Timeline |
TPBI PCL Lagged Returns
When evaluating TPBI PCL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TPBI PCL stock have on its future price. TPBI PCL 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, TPBI PCL autocorrelation shows the relationship between TPBI PCL stock current value and its past values and can show if there is a momentum factor associated with investing in TPBI PCL.
Regressed Prices |
| Timeline |
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TPBI PCL financial ratios help investors to determine whether TPBI 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 TPBI with respect to the benefits of owning TPBI PCL security.