Thoresen Thai (Thailand) Market Value
| TTA Stock | THB 5.85 0.10 1.68% |
| Symbol | Thoresen |
Thoresen Thai '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 Thoresen Thai'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 Thoresen Thai.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Thoresen Thai on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Thoresen Thai Agencies or generate 0.0% return on investment in Thoresen Thai over 30 days. Thoresen Thai is related to or competes with Tata Steel, Thaifoods Group, TMT Steel, Erawan, Airports, Eastern Technical, and Asian Sea. Thoresen Thai Agencies Public Company Limited, an investment holding company, provides shipping-related services in Thai... More
Thoresen Thai 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 Thoresen Thai'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 Thoresen Thai Agencies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.54 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 5.31 |
Thoresen Thai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thoresen Thai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thoresen Thai's standard deviation. In reality, there are many statistical measures that can use Thoresen Thai historical prices to predict the future Thoresen Thai's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | 0.0329 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 2.6 |
Thoresen Thai Agencies Backtested Returns
As of now, Thoresen Stock is slightly risky. Thoresen Thai Agencies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0456, which indicates the firm had a 0.0456% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thoresen Thai Agencies, which you can use to evaluate the volatility of the company. Please validate Thoresen Thai's Coefficient Of Variation of 5710.41, semi deviation of 2.14, and Risk Adjusted Performance of 0.0204 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Thoresen Thai has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.0133, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thoresen Thai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thoresen Thai is expected to be smaller as well. Thoresen Thai Agencies right now has a risk of 2.57%. Please validate Thoresen Thai total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Thoresen Thai will be following its existing price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Thoresen Thai Agencies has virtually no predictability. Overlapping area represents the amount of predictability between Thoresen Thai 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 Thoresen Thai Agencies price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Thoresen Thai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Thoresen Thai Agencies lagged returns against current returns
Autocorrelation, which is Thoresen Thai 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 Thoresen Thai's stock expected returns. We can calculate the autocorrelation of Thoresen Thai returns to help us make a trade decision. For example, suppose you find that Thoresen Thai 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 |
Thoresen Thai 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 Thoresen Thai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thoresen Thai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thoresen Thai stock over time.
Current vs Lagged Prices |
| Timeline |
Thoresen Thai Lagged Returns
When evaluating Thoresen Thai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thoresen Thai stock have on its future price. Thoresen Thai 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, Thoresen Thai autocorrelation shows the relationship between Thoresen Thai stock current value and its past values and can show if there is a momentum factor associated with investing in Thoresen Thai Agencies.
Regressed Prices |
| Timeline |
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Thoresen Thai financial ratios help investors to determine whether Thoresen 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 Thoresen with respect to the benefits of owning Thoresen Thai security.