Thai Steel (Thailand) Market Value
| TSC Stock | THB 14.70 0.40 2.80% |
| Symbol | Thai |
Thai Steel '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 Steel'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 Steel.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Thai Steel on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Steel Cable or generate 0.0% return on investment in Thai Steel over 30 days. Thai Steel is related to or competes with United Paper, TMT Steel, Thai Stanley, Inoue Rubber, and MCS Steel. Thai Steel Cable Public Company Limited manufactures and distributes automobile and motorcycle control cables, and autom... More
Thai Steel 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 Steel'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 Steel Cable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 31.65 | |||
| Information Ratio | 0.1111 | |||
| Maximum Drawdown | 1002.78 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.43 |
Thai Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Steel's standard deviation. In reality, there are many statistical measures that can use Thai Steel historical prices to predict the future Thai Steel's volatility.| Risk Adjusted Performance | 0.0959 | |||
| Jensen Alpha | 16.18 | |||
| Total Risk Alpha | (5.72) | |||
| Sortino Ratio | 0.4416 | |||
| Treynor Ratio | (0.82) |
Thai Steel Cable Backtested Returns
Thai Steel is out of control given 3 months investment horizon. Thai Steel Cable owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 14.11% are justified by taking the suggested risk. Use Thai Steel Cable Coefficient Of Variation of 891.77, semi deviation of 12.15, and Risk Adjusted Performance of 0.0959 to evaluate company specific risk that cannot be diversified away. Thai Steel holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -17.21, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Thai Steel are expected to decrease by larger amounts. On the other hand, during market turmoil, Thai Steel is expected to outperform it. Use Thai Steel Cable semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Thai Steel Cable.
Auto-correlation | 0.50 |
Modest predictability
Thai Steel Cable has modest predictability. Overlapping area represents the amount of predictability between Thai Steel time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Thai Steel Cable price movement. The serial correlation of 0.5 indicates that about 50.0% of current Thai Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Thai Steel Cable lagged returns against current returns
Autocorrelation, which is Thai Steel 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 Steel's stock expected returns. We can calculate the autocorrelation of Thai Steel returns to help us make a trade decision. For example, suppose you find that Thai Steel 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 Steel 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 Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Steel Lagged Returns
When evaluating Thai Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Steel stock have on its future price. Thai Steel 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 Steel autocorrelation shows the relationship between Thai Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Steel Cable.
Regressed Prices |
| Timeline |
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Thai Steel 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 Steel security.