Tirathai Public (Thailand) Market Value
| TRT Stock | THB 3.84 0.02 0.52% |
| Symbol | Tirathai |
Tirathai Public '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 Tirathai Public'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 Tirathai Public.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tirathai Public on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tirathai Public or generate 0.0% return on investment in Tirathai Public over 30 days. Tirathai Public is related to or competes with Union Petrochemical, TV Thunder, Ziga Innovation, and Thai Solar. Tirathai Public Company Limited, together with its subsidiaries, manufactures, repairs, sells, and maintains transformer... More
Tirathai Public 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 Tirathai Public'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 Tirathai Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.91 |
Tirathai Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tirathai Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tirathai Public's standard deviation. In reality, there are many statistical measures that can use Tirathai Public historical prices to predict the future Tirathai Public's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.0771 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.13) |
Tirathai Public Backtested Returns
As of now, Tirathai Stock is slightly risky. Tirathai Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0481, which indicates the firm had a 0.0481% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tirathai Public, which you can use to evaluate the volatility of the company. Please validate Tirathai Public's Risk Adjusted Performance of 0.0257, coefficient of variation of 3899.7, and Semi Deviation of 1.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.0951%. Tirathai Public has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tirathai Public are expected to decrease at a much lower rate. During the bear market, Tirathai Public is likely to outperform the market. Tirathai Public right now has a risk of 1.98%. Please validate Tirathai Public treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Tirathai Public will be following its existing price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Tirathai Public has insignificant predictability. Overlapping area represents the amount of predictability between Tirathai Public time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 Tirathai Public price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Tirathai Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Tirathai Public lagged returns against current returns
Autocorrelation, which is Tirathai Public 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 Tirathai Public's stock expected returns. We can calculate the autocorrelation of Tirathai Public returns to help us make a trade decision. For example, suppose you find that Tirathai Public 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 |
Tirathai Public 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 Tirathai Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tirathai Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tirathai Public stock over time.
Current vs Lagged Prices |
| Timeline |
Tirathai Public Lagged Returns
When evaluating Tirathai Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tirathai Public stock have on its future price. Tirathai Public 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, Tirathai Public autocorrelation shows the relationship between Tirathai Public stock current value and its past values and can show if there is a momentum factor associated with investing in Tirathai Public.
Regressed Prices |
| Timeline |
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Tirathai Public financial ratios help investors to determine whether Tirathai 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 Tirathai with respect to the benefits of owning Tirathai Public security.