Thaire Life (Thailand) Market Value
| THREL Stock | THB 1.60 0.02 1.27% |
| Symbol | Thaire |
Thaire Life '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 Thaire Life'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 Thaire Life.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Thaire Life on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Thaire Life Assurance or generate 0.0% return on investment in Thaire Life over 180 days. Thaire Life is related to or competes with Thai Reinsurance, Ratchthani Leasing, Bangkok Life, Thanachart Capital, and TISCO Financial. Thaire Life Assurance Public Company Limited provides life reinsurance solutions to various life insurance companies in ... More
Thaire Life 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 Thaire Life'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 Thaire Life Assurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.99 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 1.69 |
Thaire Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thaire Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thaire Life's standard deviation. In reality, there are many statistical measures that can use Thaire Life historical prices to predict the future Thaire Life's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 2.0 |
Thaire Life Assurance Backtested Returns
Thaire Life Assurance owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of risk over the last 3 months. Thaire Life Assurance exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thaire Life's Coefficient Of Variation of (703.36), variance of 1.58, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of -0.0942, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thaire Life are expected to decrease at a much lower rate. During the bear market, Thaire Life is likely to outperform the market. At this point, Thaire Life Assurance has a negative expected return of -0.26%. Please make sure to validate Thaire Life's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Thaire Life Assurance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Thaire Life Assurance has insignificant predictability. Overlapping area represents the amount of predictability between Thaire Life time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 Thaire Life Assurance price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Thaire Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thaire Life Assurance lagged returns against current returns
Autocorrelation, which is Thaire Life 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 Thaire Life's stock expected returns. We can calculate the autocorrelation of Thaire Life returns to help us make a trade decision. For example, suppose you find that Thaire Life 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 |
Thaire Life 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 Thaire Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thaire Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thaire Life stock over time.
Current vs Lagged Prices |
| Timeline |
Thaire Life Lagged Returns
When evaluating Thaire Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thaire Life stock have on its future price. Thaire Life 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, Thaire Life autocorrelation shows the relationship between Thaire Life stock current value and its past values and can show if there is a momentum factor associated with investing in Thaire Life Assurance.
Regressed Prices |
| Timeline |
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Thaire Life financial ratios help investors to determine whether Thaire 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 Thaire with respect to the benefits of owning Thaire Life security.