Tropical Canning (Thailand) Market Value
| TC Stock | THB 7.10 0.25 3.40% |
| Symbol | Tropical |
Tropical Canning '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 Tropical Canning'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 Tropical Canning.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Tropical Canning on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Tropical Canning Public or generate 0.0% return on investment in Tropical Canning over 90 days. Tropical Canning is related to or competes with Thai Vegetable, Tipco Foods, Haad Thip, SP Syndicate, and Thai Metal. Tropical Canning Public Company Limited engages in the manufacturing and trading of canned and pouched seafood products ... More
Tropical Canning 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 Tropical Canning'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 Tropical Canning Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 2.56 |
Tropical Canning Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tropical Canning's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tropical Canning's standard deviation. In reality, there are many statistical measures that can use Tropical Canning historical prices to predict the future Tropical Canning's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.2448 |
Tropical Canning Public Backtested Returns
Tropical Canning Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0524, which indicates the firm had a -0.0524% return per unit of risk over the last 3 months. Tropical Canning Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tropical Canning's Coefficient Of Variation of (1,910), risk adjusted performance of (0.03), and Variance of 3.21 to confirm the risk estimate we provide. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tropical Canning are expected to decrease at a much lower rate. During the bear market, Tropical Canning is likely to outperform the market. At this point, Tropical Canning Public has a negative expected return of -0.0939%. Please make sure to validate Tropical Canning's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Tropical Canning Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Tropical Canning Public has good reverse predictability. Overlapping area represents the amount of predictability between Tropical Canning time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Tropical Canning Public price movement. The serial correlation of -0.55 indicates that about 55.0% of current Tropical Canning price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Tropical Canning Public lagged returns against current returns
Autocorrelation, which is Tropical Canning 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 Tropical Canning's stock expected returns. We can calculate the autocorrelation of Tropical Canning returns to help us make a trade decision. For example, suppose you find that Tropical Canning 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 |
Tropical Canning 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 Tropical Canning stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tropical Canning stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tropical Canning stock over time.
Current vs Lagged Prices |
| Timeline |
Tropical Canning Lagged Returns
When evaluating Tropical Canning's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tropical Canning stock have on its future price. Tropical Canning 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, Tropical Canning autocorrelation shows the relationship between Tropical Canning stock current value and its past values and can show if there is a momentum factor associated with investing in Tropical Canning Public.
Regressed Prices |
| Timeline |
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Tropical Canning financial ratios help investors to determine whether Tropical 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 Tropical with respect to the benefits of owning Tropical Canning security.