Tycoons Worldwide (Thailand) Market Value
| TYCN Stock | THB 2.02 0.04 1.94% |
| Symbol | Tycoons |
Tycoons Worldwide '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 Tycoons Worldwide'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 Tycoons Worldwide.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Tycoons Worldwide on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Tycoons Worldwide Group or generate 0.0% return on investment in Tycoons Worldwide over 540 days. Tycoons Worldwide is related to or competes with Vanachai Group, Thai Rung, TCM Public, Univanich Palm, and TMT Steel. Tycoons Worldwide Group Public Company Limited, together with its subsidiaries, manufactures and distributes steel wire ... More
Tycoons Worldwide 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 Tycoons Worldwide'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 Tycoons Worldwide Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.75 |
Tycoons Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tycoons Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tycoons Worldwide's standard deviation. In reality, there are many statistical measures that can use Tycoons Worldwide historical prices to predict the future Tycoons Worldwide's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.61 |
Tycoons Worldwide Backtested Returns
Tycoons Worldwide is out of control given 3 months investment horizon. Tycoons Worldwide 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 collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.33% are justified by taking the suggested risk. Use Tycoons Worldwide Risk Adjusted Performance of (0.14), coefficient of variation of (556.84), and Variance of 0.987 to evaluate company specific risk that cannot be diversified away. Tycoons Worldwide 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, returns on owning Tycoons Worldwide are expected to decrease at a much lower rate. During the bear market, Tycoons Worldwide is likely to outperform the market. Use Tycoons Worldwide total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to analyze future returns on Tycoons Worldwide.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Tycoons Worldwide Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tycoons Worldwide time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Tycoons Worldwide price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Tycoons Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Tycoons Worldwide lagged returns against current returns
Autocorrelation, which is Tycoons Worldwide 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 Tycoons Worldwide's stock expected returns. We can calculate the autocorrelation of Tycoons Worldwide returns to help us make a trade decision. For example, suppose you find that Tycoons Worldwide 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 |
Tycoons Worldwide 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 Tycoons Worldwide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tycoons Worldwide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tycoons Worldwide stock over time.
Current vs Lagged Prices |
| Timeline |
Tycoons Worldwide Lagged Returns
When evaluating Tycoons Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tycoons Worldwide stock have on its future price. Tycoons Worldwide 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, Tycoons Worldwide autocorrelation shows the relationship between Tycoons Worldwide stock current value and its past values and can show if there is a momentum factor associated with investing in Tycoons Worldwide Group.
Regressed Prices |
| Timeline |
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Tycoons Worldwide financial ratios help investors to determine whether Tycoons 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 Tycoons with respect to the benefits of owning Tycoons Worldwide security.