True Public (Thailand) Market Value
| TRUE Stock | THB 11.60 0.10 0.87% |
| Symbol | True |
True 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 True 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 True Public.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in True Public on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding True Public or generate 0.0% return on investment in True Public over 30 days. True Public is related to or competes with Indara Insurance, Regional Container, Regional Container, Mahachai Hospital, Muramoto Electron, Siam Cement, and Siam Cement. True Corporation Public Company Limited, together with its subsidiaries, engages in the telecommunications and diversifi... More
True 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 True 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 True Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0308 | |||
| Maximum Drawdown | 8.69 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.36 |
True Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for True Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as True Public's standard deviation. In reality, there are many statistical measures that can use True Public historical prices to predict the future True Public's volatility.| Risk Adjusted Performance | 0.0926 | |||
| Jensen Alpha | 0.2107 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0218 | |||
| Treynor Ratio | (0.49) |
True Public Backtested Returns
True Public appears to be not too volatile, given 3 months investment horizon. True Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for True Public, which you can use to evaluate the volatility of the company. Please review True Public's Coefficient Of Variation of 876.33, semi deviation of 0.9858, and Risk Adjusted Performance of 0.0926 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, True Public holds a performance score of 9. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning True Public are expected to decrease at a much lower rate. During the bear market, True Public is likely to outperform the market. Please check True Public's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether True Public's existing price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
True Public has very weak predictability. Overlapping area represents the amount of predictability between True Public 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 True Public price movement. The serial correlation of 0.17 indicates that over 17.0% of current True Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
True Public lagged returns against current returns
Autocorrelation, which is True 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 True Public's stock expected returns. We can calculate the autocorrelation of True Public returns to help us make a trade decision. For example, suppose you find that True 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 |
True 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 True Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if True Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in True Public stock over time.
Current vs Lagged Prices |
| Timeline |
True Public Lagged Returns
When evaluating True Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of True Public stock have on its future price. True 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, True Public autocorrelation shows the relationship between True Public stock current value and its past values and can show if there is a momentum factor associated with investing in True Public.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in True Stock
True Public financial ratios help investors to determine whether True 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 True with respect to the benefits of owning True Public security.