Tipco Asphalt (Thailand) Market Value
| TASCO Stock | THB 19.80 0.10 0.51% |
| Symbol | Tipco |
Tipco Asphalt '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 Tipco Asphalt'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 Tipco Asphalt.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Tipco Asphalt on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Tipco Asphalt Public or generate 0.0% return on investment in Tipco Asphalt over 30 days. Tipco Asphalt is related to or competes with Thantawan Industry, Erawan, Jay Mart, Airports, Eastern Technical, Gunkul Engineering, and Dcon Products. Tipco Asphalt Public Company Limited, together with its subsidiaries, manufactures and distributes asphalt and petroleum... More
Tipco Asphalt 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 Tipco Asphalt'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 Tipco Asphalt Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0268 | |||
| Maximum Drawdown | 6.54 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 3.23 |
Tipco Asphalt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tipco Asphalt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tipco Asphalt's standard deviation. In reality, there are many statistical measures that can use Tipco Asphalt historical prices to predict the future Tipco Asphalt's volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 0.1366 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0298 | |||
| Treynor Ratio | 1.06 |
Tipco Asphalt Public Backtested Returns
At this point, Tipco Asphalt is very steady. Tipco Asphalt Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tipco Asphalt Public, which you can use to evaluate the volatility of the company. Please validate Tipco Asphalt's Risk Adjusted Performance of 0.0867, semi deviation of 0.9171, and Coefficient Of Variation of 884.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Tipco Asphalt has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tipco Asphalt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tipco Asphalt is expected to be smaller as well. Tipco Asphalt Public right now has a risk of 1.47%. Please validate Tipco Asphalt potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Tipco Asphalt will be following its existing price patterns.
Auto-correlation | 0.94 |
Excellent predictability
Tipco Asphalt Public has excellent predictability. Overlapping area represents the amount of predictability between Tipco Asphalt 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 Tipco Asphalt Public price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Tipco Asphalt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Tipco Asphalt Public lagged returns against current returns
Autocorrelation, which is Tipco Asphalt 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 Tipco Asphalt's stock expected returns. We can calculate the autocorrelation of Tipco Asphalt returns to help us make a trade decision. For example, suppose you find that Tipco Asphalt 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 |
Tipco Asphalt 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 Tipco Asphalt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tipco Asphalt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tipco Asphalt stock over time.
Current vs Lagged Prices |
| Timeline |
Tipco Asphalt Lagged Returns
When evaluating Tipco Asphalt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tipco Asphalt stock have on its future price. Tipco Asphalt 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, Tipco Asphalt autocorrelation shows the relationship between Tipco Asphalt stock current value and its past values and can show if there is a momentum factor associated with investing in Tipco Asphalt Public.
Regressed Prices |
| Timeline |
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Tipco Asphalt financial ratios help investors to determine whether Tipco 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 Tipco with respect to the benefits of owning Tipco Asphalt security.