Toray Textiles (Thailand) Market Value
| TTT Stock | THB 53.50 0.00 0.00% |
| Symbol | Toray |
Toray Textiles '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 Toray Textiles' 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 Toray Textiles.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Toray Textiles on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Toray Textiles Public or generate 0.0% return on investment in Toray Textiles over 720 days. Toray Textiles is related to or competes with Thai Textile, Thai Metal, Trinity Watthana, Thai President, and TPCS Public. Toray Textiles Public Company Limited, a textile company, manufactures and markets various fabric products in Thailand More
Toray Textiles 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 Toray Textiles' 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 Toray Textiles Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.95 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.37 |
Toray Textiles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toray Textiles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toray Textiles' standard deviation. In reality, there are many statistical measures that can use Toray Textiles historical prices to predict the future Toray Textiles' volatility.| Risk Adjusted Performance | 0.0021 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (1.54) |
Toray Textiles Public Backtested Returns
Toray Textiles is out of control given 3 months investment horizon. Toray Textiles Public 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 interpolate and analyze data for nineteen different technical indicators, which can help you to evaluate if expected returns of 14.27% are justified by taking the suggested risk. Use Toray Textiles Public Variance of 1.21, risk adjusted performance of 0.0021, and Coefficient Of Variation of (78,613) to evaluate company specific risk that cannot be diversified away. Toray Textiles holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.0074, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Toray Textiles' returns are expected to increase less than the market. However, during the bear market, the loss of holding Toray Textiles is expected to be smaller as well. Use Toray Textiles Public kurtosis, and the relationship between the potential upside and day median price , to analyze future returns on Toray Textiles Public.
Auto-correlation | -0.44 |
Modest reverse predictability
Toray Textiles Public has modest reverse predictability. Overlapping area represents the amount of predictability between Toray Textiles time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Toray Textiles Public price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Toray Textiles price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 38.11 |
Toray Textiles Public lagged returns against current returns
Autocorrelation, which is Toray Textiles 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 Toray Textiles' stock expected returns. We can calculate the autocorrelation of Toray Textiles returns to help us make a trade decision. For example, suppose you find that Toray Textiles 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 |
Toray Textiles 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 Toray Textiles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toray Textiles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toray Textiles stock over time.
Current vs Lagged Prices |
| Timeline |
Toray Textiles Lagged Returns
When evaluating Toray Textiles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toray Textiles stock have on its future price. Toray Textiles 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, Toray Textiles autocorrelation shows the relationship between Toray Textiles stock current value and its past values and can show if there is a momentum factor associated with investing in Toray Textiles Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Toray Stock
Toray Textiles financial ratios help investors to determine whether Toray 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 Toray with respect to the benefits of owning Toray Textiles security.