Thai Rayon (Thailand) Market Value
| TR Stock | THB 38.75 0.00 0.00% |
| Symbol | Thai |
Thai Rayon '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 Rayon'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 Rayon.
| 02/03/2023 |
| 01/23/2025 |
If you would invest 0.00 in Thai Rayon on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding Thai Rayon Public or generate 0.0% return on investment in Thai Rayon over 720 days. Thai Rayon is related to or competes with Thanulux Public, Thai Rung, Thantawan Industry, Saha Union, and Thai Textile. Thai Rayon Public Company Limited manufactures and sells viscose rayon staple fiber and anhydrous sodium sulphate produc... More
Thai Rayon 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 Rayon'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 Rayon Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.63) |
Thai Rayon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Rayon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Rayon's standard deviation. In reality, there are many statistical measures that can use Thai Rayon historical prices to predict the future Thai Rayon's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.79) |
Thai Rayon Public Backtested Returns
Thai Rayon Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17 % return per unit of risk over the last 3 months. Thai Rayon Public exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Rayon's Coefficient Of Variation of (573.91), variance of 0.0333, and Risk Adjusted Performance of (0.18) to confirm the risk estimate we provide. The entity has a beta of 0.0527, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Rayon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Rayon is expected to be smaller as well. At this point, Thai Rayon Public has a negative expected return of -0.0318%. Please make sure to validate Thai Rayon's maximum drawdown, and the relationship between the variance and kurtosis , to decide if Thai Rayon Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Thai Rayon Public has very weak predictability. Overlapping area represents the amount of predictability between Thai Rayon time series from 3rd of February 2023 to 29th of January 2024 and 29th of January 2024 to 23rd of January 2025. 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 Rayon Public price movement. The serial correlation of 0.17 indicates that over 17.0% of current Thai Rayon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 15.34 |
Thai Rayon Public lagged returns against current returns
Autocorrelation, which is Thai Rayon 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 Rayon's stock expected returns. We can calculate the autocorrelation of Thai Rayon returns to help us make a trade decision. For example, suppose you find that Thai Rayon 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 Rayon 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 Rayon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Rayon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Rayon stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Rayon Lagged Returns
When evaluating Thai Rayon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Rayon stock have on its future price. Thai Rayon 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 Rayon autocorrelation shows the relationship between Thai Rayon stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Rayon Public.
Regressed Prices |
| Timeline |
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Thai Rayon 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 Rayon security.