Thai Packaging (Thailand) Market Value

TPP Stock  THB 12.40  0.20  1.59%   
Thai Packaging's market value is the price at which a share of Thai Packaging trades on a public exchange. It measures the collective expectations of Thai Packaging Printing investors about its performance. Thai Packaging is selling for 12.40 as of the 14th of December 2024. This is a 1.59 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 12.4.
With this module, you can estimate the performance of a buy and hold strategy of Thai Packaging Printing and determine expected loss or profit from investing in Thai Packaging over a given investment horizon. Check out Thai Packaging Correlation, Thai Packaging Volatility and Thai Packaging Alpha and Beta module to complement your research on Thai Packaging.
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Please note, there is a significant difference between Thai Packaging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thai Packaging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thai Packaging'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.

Thai Packaging '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 Thai Packaging'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 Thai Packaging.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in Thai Packaging on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Packaging Printing or generate 0.0% return on investment in Thai Packaging over 30 days. Thai Packaging is related to or competes with Thai Nam, Thantawan Industry, Thai Poly, Thai Rung, and Thai OPP. Thai Packaging Printing Public Company Limited manufactures and distributes box packaging products in Thailand More

Thai Packaging 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 Thai Packaging'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 Thai Packaging Printing upside and downside potential and time the market with a certain degree of confidence.

Thai Packaging Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Packaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Packaging's standard deviation. In reality, there are many statistical measures that can use Thai Packaging historical prices to predict the future Thai Packaging's volatility.
Hype
Prediction
LowEstimatedHigh
0.6212.401,252
Details
Intrinsic
Valuation
LowRealHigh
0.499.701,250
Details

Thai Packaging Printing Backtested Returns

Thai Packaging is out of control given 3 months investment horizon. Thai Packaging Printing 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 interpolate data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 14.43% are justified by taking the suggested risk. Use Thai Packaging Printing Variance of 5.29, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,040) to evaluate company specific risk that cannot be diversified away. Thai Packaging holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Packaging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Packaging is expected to be smaller as well. Use Thai Packaging Printing variance, jensen alpha, and the relationship between the standard deviation and information ratio , to analyze future returns on Thai Packaging Printing.

Auto-correlation

    
  -0.16  

Insignificant reverse predictability

Thai Packaging Printing has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thai Packaging time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Thai Packaging Printing price movement. The serial correlation of -0.16 indicates that over 16.0% of current Thai Packaging price fluctuation can be explain by its past prices.
Correlation Coefficient-0.16
Spearman Rank Test0.37
Residual Average0.0
Price Variance0.03

Thai Packaging Printing lagged returns against current returns

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

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

Thai Packaging Lagged Returns

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

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Other Information on Investing in Thai Stock

Thai Packaging financial ratios help investors to determine whether Thai 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 Thai with respect to the benefits of owning Thai Packaging security.