Trinity Watthana (Thailand) Market Value

TNITY Stock  THB 4.40  0.02  0.45%   
Trinity Watthana's market value is the price at which a share of Trinity Watthana trades on a public exchange. It measures the collective expectations of Trinity Watthana Public investors about its performance. Trinity Watthana is trading at 4.40 as of the 24th of December 2024, a 0.45 percent decrease since the beginning of the trading day. The stock's open price was 4.42.
With this module, you can estimate the performance of a buy and hold strategy of Trinity Watthana Public and determine expected loss or profit from investing in Trinity Watthana over a given investment horizon. Check out Trinity Watthana Correlation, Trinity Watthana Volatility and Trinity Watthana Alpha and Beta module to complement your research on Trinity Watthana.
Symbol

Please note, there is a significant difference between Trinity Watthana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trinity Watthana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trinity Watthana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Trinity Watthana '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 Trinity Watthana'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 Trinity Watthana.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Trinity Watthana on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Trinity Watthana Public or generate 0.0% return on investment in Trinity Watthana over 30 days. Trinity Watthana is related to or competes with Kasikornbank Public, PTT Public, and Siam Cement. Trinity Watthana Public Company Limited, through its subsidiaries, engages in the securities business in Thailand More

Trinity Watthana 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 Trinity Watthana'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 Trinity Watthana Public upside and downside potential and time the market with a certain degree of confidence.

Trinity Watthana Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Trinity Watthana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trinity Watthana's standard deviation. In reality, there are many statistical measures that can use Trinity Watthana historical prices to predict the future Trinity Watthana's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trinity Watthana'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.
Hype
Prediction
LowEstimatedHigh
1.384.407.42
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Intrinsic
Valuation
LowRealHigh
0.943.966.98
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Trinity Watthana Public Backtested Returns

Trinity Watthana appears to be moderately volatile, given 3 months investment horizon. Trinity Watthana Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0673, which indicates the firm had a 0.0673% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Trinity Watthana Public, which you can use to evaluate the volatility of the company. Please review Trinity Watthana's Semi Deviation of 2.1, risk adjusted performance of 0.0496, and Coefficient Of Variation of 1869.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trinity Watthana holds a performance score of 5. The entity has a beta of 0.0821, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trinity Watthana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trinity Watthana is expected to be smaller as well. Please check Trinity Watthana's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Trinity Watthana's existing price patterns will revert.

Auto-correlation

    
  0.11  

Insignificant predictability

Trinity Watthana Public has insignificant predictability. Overlapping area represents the amount of predictability between Trinity Watthana 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 Trinity Watthana Public price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Trinity Watthana price fluctuation can be explain by its past prices.
Correlation Coefficient0.11
Spearman Rank Test-0.03
Residual Average0.0
Price Variance0.06

Trinity Watthana Public lagged returns against current returns

Autocorrelation, which is Trinity Watthana 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 Trinity Watthana's stock expected returns. We can calculate the autocorrelation of Trinity Watthana returns to help us make a trade decision. For example, suppose you find that Trinity Watthana 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   
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Trinity Watthana 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 Trinity Watthana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trinity Watthana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trinity Watthana stock over time.
   Current vs Lagged Prices   
       Timeline  

Trinity Watthana Lagged Returns

When evaluating Trinity Watthana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trinity Watthana stock have on its future price. Trinity Watthana 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, Trinity Watthana autocorrelation shows the relationship between Trinity Watthana stock current value and its past values and can show if there is a momentum factor associated with investing in Trinity Watthana Public.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Trinity Stock

Trinity Watthana financial ratios help investors to determine whether Trinity 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 Trinity with respect to the benefits of owning Trinity Watthana security.