Thai Coating (Thailand) Market Value
| TCOAT Stock | THB 25.50 1.10 4.51% |
| Symbol | Thai |
Thai Coating '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 Coating'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 Coating.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Thai Coating on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Thai Coating Industrial or generate 0.0% return on investment in Thai Coating over 390 days. Thai Coating is related to or competes with Thantawan Industry, Erawan, Jay Mart, Airports, Eastern Technical, Gunkul Engineering, and Dcon Products. Thai Coating Industrial Public Company Limited manufactures and sells plastic sacks and beads in Thailand More
Thai Coating 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 Coating'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 Coating Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.21 | |||
| Information Ratio | 0.0053 | |||
| Maximum Drawdown | 43.54 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 5.21 |
Thai Coating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Coating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Coating's standard deviation. In reality, there are many statistical measures that can use Thai Coating historical prices to predict the future Thai Coating's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.0766 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.0031 | |||
| Treynor Ratio | 0.257 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thai Coating's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thai Coating Industrial Backtested Returns
At this point, Thai Coating is not too volatile. Thai Coating Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0301, which indicates the firm had a 0.0301% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thai Coating Industrial, which you can use to evaluate the volatility of the company. Please validate Thai Coating's Coefficient Of Variation of 3480.63, semi deviation of 3.05, and Risk Adjusted Performance of 0.0293 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Thai Coating has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thai Coating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Coating is expected to be smaller as well. Thai Coating Industrial right now has a risk of 5.0%. Please validate Thai Coating value at risk, and the relationship between the jensen alpha and skewness , to decide if Thai Coating will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Thai Coating Industrial has no correlation between past and present. Overlapping area represents the amount of predictability between Thai Coating time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Coating Industrial price movement. The serial correlation of 0.0 indicates that just 0.0% of current Thai Coating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
Thai Coating Industrial lagged returns against current returns
Autocorrelation, which is Thai Coating 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 Coating's stock expected returns. We can calculate the autocorrelation of Thai Coating returns to help us make a trade decision. For example, suppose you find that Thai Coating 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 Coating 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 Coating stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Coating stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Coating stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Coating Lagged Returns
When evaluating Thai Coating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Coating stock have on its future price. Thai Coating 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 Coating autocorrelation shows the relationship between Thai Coating stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Coating Industrial.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Thai Stock
Thai Coating 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 Coating security.