TPC Power (Thailand) Market Value

TPCH Stock  THB 4.66  0.02  0.43%   
TPC Power's market value is the price at which a share of TPC Power trades on a public exchange. It measures the collective expectations of TPC Power Holding investors about its performance. TPC Power is selling for 4.66 as of the 24th of December 2024. This is a 0.43 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 4.64.
With this module, you can estimate the performance of a buy and hold strategy of TPC Power Holding and determine expected loss or profit from investing in TPC Power over a given investment horizon. Check out TPC Power Correlation, TPC Power Volatility and TPC Power Alpha and Beta module to complement your research on TPC Power.
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Please note, there is a significant difference between TPC Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if TPC Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TPC Power'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.

TPC Power '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 TPC Power'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 TPC Power.
0.00
01/04/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/24/2024
0.00
If you would invest  0.00  in TPC Power on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding TPC Power Holding or generate 0.0% return on investment in TPC Power over 720 days. TPC Power is related to or competes with WHA Public, Energy Absolute, TPI Polene, Thai Solar, and T S. TPC Power Holding Public Company Limited, together with its subsidiaries, generates and distributes renewable electricit... More

TPC Power 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 TPC Power'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 TPC Power Holding upside and downside potential and time the market with a certain degree of confidence.

TPC Power Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for TPC Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPC Power's standard deviation. In reality, there are many statistical measures that can use TPC Power historical prices to predict the future TPC Power's volatility.
Hype
Prediction
LowEstimatedHigh
3.424.665.90
Details
Intrinsic
Valuation
LowRealHigh
3.825.066.30
Details

TPC Power Holding Backtested Returns

TPC Power Holding retains Efficiency (Sharpe Ratio) of -0.38, which indicates the firm had a -0.38% return per unit of volatility over the last 3 months. TPC Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TPC Power's risk adjusted performance of (0.23), and Standard Deviation of 1.26 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TPC Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding TPC Power is expected to be smaller as well. At this point, TPC Power Holding has a negative expected return of -0.48%. Please make sure to validate TPC Power's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if TPC Power Holding performance from the past will be repeated at future time.

Auto-correlation

    
  0.49  

Average predictability

TPC Power Holding has average predictability. Overlapping area represents the amount of predictability between TPC Power time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 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 TPC Power Holding price movement. The serial correlation of 0.49 indicates that about 49.0% of current TPC Power price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.23

TPC Power Holding lagged returns against current returns

Autocorrelation, which is TPC Power 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 TPC Power's stock expected returns. We can calculate the autocorrelation of TPC Power returns to help us make a trade decision. For example, suppose you find that TPC Power 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  

TPC Power 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 TPC Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPC Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPC Power stock over time.
   Current vs Lagged Prices   
       Timeline  

TPC Power Lagged Returns

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

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Other Information on Investing in TPC Stock

TPC Power financial ratios help investors to determine whether TPC 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 TPC with respect to the benefits of owning TPC Power security.