Muang Thai (Thailand) Market Value
| MTI Stock | THB 106.50 1.00 0.95% |
| Symbol | Muang |
Muang Thai '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 Muang Thai'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 Muang Thai.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Muang Thai on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Muang Thai Insurance or generate 0.0% return on investment in Muang Thai over 90 days. Muang Thai is related to or competes with Thai Steel, Tropical Canning, RB Food, Eureka Design, Chularat Hospital, and Qualitech Public. Muang Thai Insurance Public Company Limited provides non-life insurance products and services in Thailand More
Muang Thai 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 Muang Thai'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 Muang Thai Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.29 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.83 |
Muang Thai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Muang Thai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Muang Thai's standard deviation. In reality, there are many statistical measures that can use Muang Thai historical prices to predict the future Muang Thai's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.22) |
Muang Thai Insurance Backtested Returns
Muang Thai Insurance has Sharpe Ratio of -0.0192, which conveys that the firm had a -0.0192% return per unit of risk over the last 3 months. Muang Thai exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Muang Thai's Risk Adjusted Performance of (0.01), mean deviation of 0.5025, and Standard Deviation of 0.9176 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Muang Thai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Muang Thai is expected to be smaller as well. At this point, Muang Thai Insurance has a negative expected return of -0.0181%. Please make sure to verify Muang Thai's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Muang Thai Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Muang Thai Insurance has good reverse predictability. Overlapping area represents the amount of predictability between Muang Thai time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 Muang Thai Insurance price movement. The serial correlation of -0.55 indicates that about 55.0% of current Muang Thai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Muang Thai Insurance lagged returns against current returns
Autocorrelation, which is Muang Thai 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 Muang Thai's stock expected returns. We can calculate the autocorrelation of Muang Thai returns to help us make a trade decision. For example, suppose you find that Muang Thai 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 |
Muang Thai 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 Muang Thai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Muang Thai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Muang Thai stock over time.
Current vs Lagged Prices |
| Timeline |
Muang Thai Lagged Returns
When evaluating Muang Thai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Muang Thai stock have on its future price. Muang Thai 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, Muang Thai autocorrelation shows the relationship between Muang Thai stock current value and its past values and can show if there is a momentum factor associated with investing in Muang Thai Insurance.
Regressed Prices |
| Timeline |
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Muang Thai financial ratios help investors to determine whether Muang 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 Muang with respect to the benefits of owning Muang Thai security.