TRV Rubber (Thailand) Market Value
| TRV Stock | 2.30 0.18 8.49% |
| Symbol | TRV |
TRV Rubber '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 TRV Rubber'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 TRV Rubber.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TRV Rubber on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TRV Rubber Products or generate 0.0% return on investment in TRV Rubber over 30 days. TRV Rubber is related to or competes with PTT Oil, Pico Public, Pioneer, Erawan, Ditto Public, Airports, and Eastern Technical. More
TRV Rubber 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 TRV Rubber'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 TRV Rubber Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.46 | |||
| Information Ratio | 0.0127 | |||
| Maximum Drawdown | 25.96 | |||
| Value At Risk | (9.68) | |||
| Potential Upside | 9.09 |
TRV Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRV Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRV Rubber's standard deviation. In reality, there are many statistical measures that can use TRV Rubber historical prices to predict the future TRV Rubber's volatility.| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.1981 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0112 | |||
| Treynor Ratio | (1.17) |
TRV Rubber Products Backtested Returns
TRV Rubber appears to be very risky, given 3 months investment horizon. TRV Rubber Products owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0619, which indicates the firm had a 0.0619% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for TRV Rubber Products, which you can use to evaluate the volatility of the company. Please review TRV Rubber's Coefficient Of Variation of 2540.55, semi deviation of 4.99, and Risk Adjusted Performance of 0.0385 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TRV Rubber holds a performance score of 4. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TRV Rubber are expected to decrease at a much lower rate. During the bear market, TRV Rubber is likely to outperform the market. Please check TRV Rubber's value at risk, expected short fall, daily balance of power, as well as the relationship between the downside variance and kurtosis , to make a quick decision on whether TRV Rubber's existing price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
TRV Rubber Products has very weak reverse predictability. Overlapping area represents the amount of predictability between TRV Rubber 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 TRV Rubber Products price movement. The serial correlation of -0.02 indicates that only 2.0% of current TRV Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TRV Rubber Products lagged returns against current returns
Autocorrelation, which is TRV Rubber 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 TRV Rubber's stock expected returns. We can calculate the autocorrelation of TRV Rubber returns to help us make a trade decision. For example, suppose you find that TRV Rubber 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 |
TRV Rubber 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 TRV Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRV Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRV Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
TRV Rubber Lagged Returns
When evaluating TRV Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRV Rubber stock have on its future price. TRV Rubber 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, TRV Rubber autocorrelation shows the relationship between TRV Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in TRV Rubber Products.
Regressed Prices |
| Timeline |
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TRV Rubber financial ratios help investors to determine whether TRV 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 TRV with respect to the benefits of owning TRV Rubber security.