Thai President (Thailand) Market Value
| TFMAMA Stock | THB 199.00 0.50 0.25% |
| Symbol | Thai |
Thai President '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 President'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 President.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Thai President on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Thai President Foods or generate 0.0% return on investment in Thai President over 720 days. Thai President is related to or competes with GFPT Public, Thai Union, Com7 PCL, and Ichitan Group. Thai President Foods Public Company Limited primarily manufactures and distributes instant noodles, semi-instant foods, ... More
Thai President 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 President'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 President Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5482 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.7519 |
Thai President Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai President's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai President's standard deviation. In reality, there are many statistical measures that can use Thai President historical prices to predict the future Thai President's volatility.| Risk Adjusted Performance | 0.0395 | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1967 |
Thai President Foods Backtested Returns
Thai President Foods owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0714, which indicates the firm had a -0.0714% return per unit of risk over the last 3 months. Thai President Foods exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai President's Risk Adjusted Performance of 0.0395, semi deviation of 0.3087, and Coefficient Of Variation of 1862.46 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai President's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai President is expected to be smaller as well. At this point, Thai President Foods has a negative expected return of -0.028%. Please make sure to validate Thai President's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Thai President Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Thai President Foods has no correlation between past and present. Overlapping area represents the amount of predictability between Thai President time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 President Foods price movement. The serial correlation of 0.0 indicates that just 0.0% of current Thai President price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 96.68 |
Thai President Foods lagged returns against current returns
Autocorrelation, which is Thai President 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 President's stock expected returns. We can calculate the autocorrelation of Thai President returns to help us make a trade decision. For example, suppose you find that Thai President 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 President 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 President stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai President stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai President stock over time.
Current vs Lagged Prices |
| Timeline |
Thai President Lagged Returns
When evaluating Thai President's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai President stock have on its future price. Thai President 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 President autocorrelation shows the relationship between Thai President stock current value and its past values and can show if there is a momentum factor associated with investing in Thai President Foods.
Regressed Prices |
| Timeline |
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Thai President 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 President security.