Thoresen Thai (Thailand) Market Value

TTA Stock  THB 5.85  0.10  1.68%   
Thoresen Thai's market value is the price at which a share of Thoresen Thai trades on a public exchange. It measures the collective expectations of Thoresen Thai Agencies investors about its performance. Thoresen Thai is selling for 5.85 as of the 25th of November 2024. This is a 1.68 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 5.75.
With this module, you can estimate the performance of a buy and hold strategy of Thoresen Thai Agencies and determine expected loss or profit from investing in Thoresen Thai over a given investment horizon. Check out Thoresen Thai Correlation, Thoresen Thai Volatility and Thoresen Thai Alpha and Beta module to complement your research on Thoresen Thai.
Symbol

Please note, there is a significant difference between Thoresen Thai's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thoresen Thai is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thoresen Thai's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
10/26/2024
No Change 0.00  0.0 
In 31 days
11/25/2024
0.00
If you would invest  0.00  in Thoresen Thai on October 26, 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.

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.
Hype
Prediction
LowEstimatedHigh
3.415.958.49
Details
Intrinsic
Valuation
LowRealHigh
2.454.997.53
Details
Naive
Forecast
LowNextHigh
3.015.558.09
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.415.766.11
Details

Thoresen Thai Agencies Backtested Returns

As of now, Thoresen Stock is slightly risky. Thoresen Thai Agencies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0453, which indicates the firm had a 0.0453% 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 2.55%. 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 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Coefficient0.05
Spearman Rank Test-0.15
Residual Average0.0
Price Variance0.03

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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Other Information on Investing in Thoresen Stock

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.