TPI Polene (Thailand) Market Value
| TPIPL Stock | THB 1.11 0.01 0.89% |
| Symbol | TPI |
TPI Polene '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 TPI Polene'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 TPI Polene.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in TPI Polene on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding TPI Polene Public or generate 0.0% return on investment in TPI Polene over 720 days. TPI Polene is related to or competes with True Public, IRPC Public, Banpu Public, Thai Oil, and PTT Exploration. TPI Polene Public Company Limited engages in the cement, construction materials, and plastic businesses in Thailand, Chi... More
TPI Polene 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 TPI Polene'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 TPI Polene Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.8 |
TPI Polene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TPI Polene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPI Polene's standard deviation. In reality, there are many statistical measures that can use TPI Polene historical prices to predict the future TPI Polene's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.42) |
TPI Polene Public Backtested Returns
TPI Polene Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of volatility over the last 3 months. TPI Polene Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TPI Polene's variance of 1.57, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TPI Polene's returns are expected to increase less than the market. However, during the bear market, the loss of holding TPI Polene is expected to be smaller as well. At this point, TPI Polene Public has a negative expected return of -0.17%. Please make sure to validate TPI Polene's information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if TPI Polene Public performance from the past will be repeated at future time.
Auto-correlation | 0.56 |
Modest predictability
TPI Polene Public has modest predictability. Overlapping area represents the amount of predictability between TPI Polene time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 TPI Polene Public price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current TPI Polene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
TPI Polene Public lagged returns against current returns
Autocorrelation, which is TPI Polene 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 TPI Polene's stock expected returns. We can calculate the autocorrelation of TPI Polene returns to help us make a trade decision. For example, suppose you find that TPI Polene 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 |
TPI Polene 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 TPI Polene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPI Polene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPI Polene stock over time.
Current vs Lagged Prices |
| Timeline |
TPI Polene Lagged Returns
When evaluating TPI Polene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TPI Polene stock have on its future price. TPI Polene 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, TPI Polene autocorrelation shows the relationship between TPI Polene stock current value and its past values and can show if there is a momentum factor associated with investing in TPI Polene Public.
Regressed Prices |
| Timeline |
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TPI Polene financial ratios help investors to determine whether TPI 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 TPI with respect to the benefits of owning TPI Polene security.