Thai Union (Thailand) Market Value
| TU Stock | THB 13.70 0.10 0.72% |
| Symbol | Thai |
Thai Union '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 Union'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 Union.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Thai Union on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Thai Union Group or generate 0.0% return on investment in Thai Union over 720 days. Thai Union is related to or competes with CP ALL, Carabao Group, Minor International, and Central Pattana. Thai Union Group Public Company Limited, together with its subsidiaries, manufactures and sells frozen, chilled, and can... More
Thai Union 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 Union'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 Union Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.98 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.0 |
Thai Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Union's standard deviation. In reality, there are many statistical measures that can use Thai Union historical prices to predict the future Thai Union's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (1.00) |
Thai Union Group Backtested Returns
Thai Union is out of control given 3 months investment horizon. Thai Union Group 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 have analyzed twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.16% are justified by taking the suggested risk. Use Thai Union Group Coefficient Of Variation of (982.51), variance of 1.17, and Risk Adjusted Performance of (0.07) to evaluate company specific risk that cannot be diversified away. Thai Union holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Union's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Union is expected to be smaller as well. Use Thai Union Group information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to analyze future returns on Thai Union Group.
Auto-correlation | -0.02 |
Very weak reverse predictability
Thai Union Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Thai Union time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Union Group price movement. The serial correlation of -0.02 indicates that only 2.0% of current Thai Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Thai Union Group lagged returns against current returns
Autocorrelation, which is Thai Union 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 Union's stock expected returns. We can calculate the autocorrelation of Thai Union returns to help us make a trade decision. For example, suppose you find that Thai Union 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 Union 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 Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Union stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Union Lagged Returns
When evaluating Thai Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Union stock have on its future price. Thai Union 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 Union autocorrelation shows the relationship between Thai Union stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Union Group.
Regressed Prices |
| Timeline |
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Thai Union 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 Union security.