Thai Coating (Thailand) Volatility
| TCOAT Stock | THB 25.00 1.50 5.66% |
At this point, Thai Coating is not too volatile. Thai Coating Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0203, which indicates the firm had a 0.0203% return per unit of risk over the last 3 months. We have found thirty technical indicators for Thai Coating Industrial, which you can use to evaluate the volatility of the company. Please validate Thai Coating's Risk Adjusted Performance of 0.0233, semi deviation of 2.46, and Coefficient Of Variation of 5088.52 to confirm if the risk estimate we provide is consistent with the expected return of 0.089%. Key indicators related to Thai Coating's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Thai Coating Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Thai daily returns, and it is calculated using variance and standard deviation. We also use Thai's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Thai Coating volatility.
Thai |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Thai Coating can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Thai Coating at lower prices to lower their average cost per share. Similarly, when the prices of Thai Coating's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving against Thai Stock
Thai Coating Market Sensitivity And Downside Risk
Thai Coating's beta coefficient measures the volatility of Thai stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Thai stock's returns against your selected market. In other words, Thai Coating's beta of -0.0255 provides an investor with an approximation of how much risk Thai Coating stock can potentially add to one of your existing portfolios. Thai Coating Industrial shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Thai Coating's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Thai Coating's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Thai Coating Industrial Demand TrendCheck current 90 days Thai Coating correlation with market (Dow Jones Industrial)Thai Beta |
Thai standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 4.39 |
It is essential to understand the difference between upside risk (as represented by Thai Coating's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Thai Coating's daily returns or price. Since the actual investment returns on holding a position in thai stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Thai Coating.
Thai Coating Industrial Stock Volatility Analysis
Volatility refers to the frequency at which Thai Coating stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Thai Coating's price changes. Investors will then calculate the volatility of Thai Coating's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Thai Coating's volatility:
Historical Volatility
This type of stock volatility measures Thai Coating's fluctuations based on previous trends. It's commonly used to predict Thai Coating's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Thai Coating's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Thai Coating's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Thai Coating Industrial Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Thai Coating Projected Return Density Against Market
Assuming the 90 days trading horizon Thai Coating Industrial has a beta of -0.0255 . This usually implies as returns on the benchmark increase, returns on holding Thai Coating are expected to decrease at a much lower rate. During a bear market, however, Thai Coating Industrial is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Thai Coating or Containers & Packaging sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Thai Coating's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Thai stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Thai Coating Industrial has an alpha of 0.0766, implying that it can generate a 0.0766 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Thai Coating Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Thai Coating Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Thai Coating is 4934.31. The daily returns are distributed with a variance of 19.27 and standard deviation of 4.39. The mean deviation of Thai Coating Industrial is currently at 1.31. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 4.39 | |
Ir | Information ratio | -0.01 |
Thai Coating Stock Return Volatility
Thai Coating historical daily return volatility represents how much of Thai Coating stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 4.3893% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7796% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Thai Coating Volatility
Volatility is a rate at which the price of Thai Coating or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Thai Coating may increase or decrease. In other words, similar to Thai's beta indicator, it measures the risk of Thai Coating and helps estimate the fluctuations that may happen in a short period of time. So if prices of Thai Coating fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Thai Coating Industrial Public Company Limited manufactures and sells plastic sacks and beads in Thailand. The company was incorporated in 1978 and is headquartered in Prachinburi, Thailand. THAI COATING is traded on Stock Exchange of Thailand in Thailand.
Thai Coating's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Thai Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Thai Coating's price varies over time.
3 ways to utilize Thai Coating's volatility to invest better
Higher Thai Coating's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Thai Coating Industrial stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Thai Coating Industrial stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Thai Coating Industrial investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Thai Coating's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Thai Coating's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Thai Coating Investment Opportunity
Thai Coating Industrial has a volatility of 4.39 and is 5.63 times more volatile than Dow Jones Industrial. 39 percent of all equities and portfolios are less risky than Thai Coating. You can use Thai Coating Industrial to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Thai Coating to be traded at 23.75 in 90 days.Thai Coating Additional Risk Indicators
The analysis of Thai Coating's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Thai Coating's investment and either accepting that risk or mitigating it. Along with some common measures of Thai Coating stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0233 | |||
| Market Risk Adjusted Performance | (2.87) | |||
| Mean Deviation | 1.24 | |||
| Semi Deviation | 2.46 | |||
| Downside Deviation | 7.91 | |||
| Coefficient Of Variation | 5088.52 | |||
| Standard Deviation | 4.25 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Thai Coating Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Thai Coating as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Thai Coating's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Thai Coating's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Thai Coating Industrial.
Complementary Tools for Thai Stock analysis
When running Thai Coating's price analysis, check to measure Thai Coating's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thai Coating is operating at the current time. Most of Thai Coating's value examination focuses on studying past and present price action to predict the probability of Thai Coating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thai Coating's price. Additionally, you may evaluate how the addition of Thai Coating to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |