Thai Wacoal (Thailand) Market Value
| WACOAL Stock | THB 25.75 0.85 3.41% |
| Symbol | Thai |
Thai Wacoal '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 Wacoal'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 Wacoal.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Thai Wacoal on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Wacoal Public or generate 0.0% return on investment in Thai Wacoal over 30 days. Thai Wacoal is related to or competes with Union Pioneer, Thanulux Public, Union Plastic, Thai Rayon, and United Palm. Thai Wacoal Public Company Limited, together with its subsidiaries, manufactures and sells clothes More
Thai Wacoal 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 Wacoal'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 Wacoal Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 11.39 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 2.63 |
Thai Wacoal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Wacoal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Wacoal's standard deviation. In reality, there are many statistical measures that can use Thai Wacoal historical prices to predict the future Thai Wacoal's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 1.61 |
Thai Wacoal Public Backtested Returns
Thai Wacoal 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. Thai Wacoal Public exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Wacoal's Coefficient Of Variation of (757.91), risk adjusted performance of (0.09), and Variance of 2.71 to confirm the risk estimate we provide. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thai Wacoal are expected to decrease at a much lower rate. During the bear market, Thai Wacoal is likely to outperform the market. At this point, Thai Wacoal Public has a negative expected return of -0.19%. Please make sure to validate Thai Wacoal's variance, skewness, price action indicator, as well as the relationship between the total risk alpha and rate of daily change , to decide if Thai Wacoal Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Thai Wacoal Public has below average predictability. Overlapping area represents the amount of predictability between Thai Wacoal time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Thai Wacoal Public price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Thai Wacoal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Thai Wacoal Public lagged returns against current returns
Autocorrelation, which is Thai Wacoal 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 Wacoal's stock expected returns. We can calculate the autocorrelation of Thai Wacoal returns to help us make a trade decision. For example, suppose you find that Thai Wacoal 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 Wacoal 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 Wacoal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Wacoal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Wacoal stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Wacoal Lagged Returns
When evaluating Thai Wacoal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Wacoal stock have on its future price. Thai Wacoal 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 Wacoal autocorrelation shows the relationship between Thai Wacoal stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Wacoal Public.
Regressed Prices |
| Timeline |
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Thai Wacoal 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 Wacoal security.