Thanulux Public (Thailand) Market Value
| TNL Stock | THB 36.00 0.25 0.69% |
| Symbol | Thanulux |
Thanulux Public '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 Thanulux Public'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 Thanulux Public.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Thanulux Public on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Thanulux Public or generate 0.0% return on investment in Thanulux Public over 30 days. Thanulux Public is related to or competes with Hwa Fong, AAPICO Hitech, Haad Thip, and Italian Thai. Thanulux Public Company Limited manufactures and distributes men, women, and children apparels in Thailand More
Thanulux Public 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 Thanulux Public'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 Thanulux Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.84 |
Thanulux Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thanulux Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thanulux Public's standard deviation. In reality, there are many statistical measures that can use Thanulux Public historical prices to predict the future Thanulux Public's volatility.| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | 0.0559 | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.0153 |
Thanulux Public Backtested Returns
Thanulux Public is out of control given 3 months investment horizon. Thanulux Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.51% are justified by taking the suggested risk. Use Thanulux Public Variance of 1.84, coefficient of variation of (97,966), and Risk Adjusted Performance of 0.0039 to evaluate company specific risk that cannot be diversified away. Thanulux Public holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thanulux Public are expected to decrease at a much lower rate. During the bear market, Thanulux Public is likely to outperform the market. Use Thanulux Public coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to analyze future returns on Thanulux Public.
Auto-correlation | 0.76 |
Good predictability
Thanulux Public has good predictability. Overlapping area represents the amount of predictability between Thanulux Public time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Thanulux Public price movement. The serial correlation of 0.76 indicates that around 76.0% of current Thanulux Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Thanulux Public lagged returns against current returns
Autocorrelation, which is Thanulux Public 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 Thanulux Public's stock expected returns. We can calculate the autocorrelation of Thanulux Public returns to help us make a trade decision. For example, suppose you find that Thanulux Public 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 |
Thanulux Public 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 Thanulux Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thanulux Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thanulux Public stock over time.
Current vs Lagged Prices |
| Timeline |
Thanulux Public Lagged Returns
When evaluating Thanulux Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thanulux Public stock have on its future price. Thanulux Public 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, Thanulux Public autocorrelation shows the relationship between Thanulux Public stock current value and its past values and can show if there is a momentum factor associated with investing in Thanulux Public.
Regressed Prices |
| Timeline |
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Thanulux Public financial ratios help investors to determine whether Thanulux 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 Thanulux with respect to the benefits of owning Thanulux Public security.