Thai Group (Thailand) Market Value
| TGH Stock | THB 13.00 1.10 9.24% |
| Symbol | Thai |
Thai Group '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 Group'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 Group.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Thai Group on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Group Holdings or generate 0.0% return on investment in Thai Group over 30 days. Thai Group is related to or competes with Ratchthani Leasing, TEAM Consulting, Thai President, and Thai Reinsurance. Thai Group Holdings Public Company Limited engages in the underwriting of life and non-life insurance business principal... More
Thai Group 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 Group'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 Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.6 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 2.4 |
Thai Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Group's standard deviation. In reality, there are many statistical measures that can use Thai Group historical prices to predict the future Thai Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.2657 |
Thai Group Holdings Backtested Returns
Thai Group Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0073, which indicates the firm had a -0.0073% return per unit of risk over the last 3 months. Thai Group Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Group's Coefficient Of Variation of (1,535), risk adjusted performance of (0.05), and Variance of 4.91 to confirm the risk estimate we provide. The entity has a beta of -0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thai Group are expected to decrease at a much lower rate. During the bear market, Thai Group is likely to outperform the market. At this point, Thai Group Holdings has a negative expected return of -0.0187%. Please make sure to validate Thai Group's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Thai Group Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Thai Group Holdings has poor predictability. Overlapping area represents the amount of predictability between Thai Group time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Group Holdings price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Thai Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Thai Group Holdings lagged returns against current returns
Autocorrelation, which is Thai Group 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 Group's stock expected returns. We can calculate the autocorrelation of Thai Group returns to help us make a trade decision. For example, suppose you find that Thai Group 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 Group 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 Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Group stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Group Lagged Returns
When evaluating Thai Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Group stock have on its future price. Thai Group 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 Group autocorrelation shows the relationship between Thai Group stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Group Holdings.
Regressed Prices |
| Timeline |
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Thai Group 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 Group security.