Thailand Prime (Thailand) Market Value
| TPRIME Stock | THB 7.50 0.10 1.32% |
| Symbol | Thailand |
Thailand Prime '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 Thailand Prime'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 Thailand Prime.
| 02/05/2023 |
| 12/26/2024 |
If you would invest 0.00 in Thailand Prime on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding Thailand Prime Property or generate 0.0% return on investment in Thailand Prime over 690 days. Thailand Prime is related to or competes with WHA Premium, Impact Growth, LH Shopping, Golden Ventures, and Quality Houses. Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust is a real estate investment trust externally... More
Thailand Prime 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 Thailand Prime'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 Thailand Prime Property upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0696 | |||
| Maximum Drawdown | 16.1 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 5.14 |
Thailand Prime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thailand Prime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thailand Prime's standard deviation. In reality, there are many statistical measures that can use Thailand Prime historical prices to predict the future Thailand Prime's volatility.| Risk Adjusted Performance | 0.0767 | |||
| Jensen Alpha | 0.2097 | |||
| Total Risk Alpha | 0.1003 | |||
| Sortino Ratio | 0.084 | |||
| Treynor Ratio | (15.73) |
Thailand Prime Property Backtested Returns
At this point, Thailand Prime is somewhat reliable. Thailand Prime Property owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0083, which indicates the firm had a 0.0083% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thailand Prime Property, which you can use to evaluate the volatility of the company. Please validate Thailand Prime's Coefficient Of Variation of 1143.87, semi deviation of 1.39, and Risk Adjusted Performance of 0.0767 to confirm if the risk estimate we provide is consistent with the expected return of 0.0162%. The entity has a beta of -0.0133, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thailand Prime are expected to decrease at a much lower rate. During the bear market, Thailand Prime is likely to outperform the market. Thailand Prime Property right now has a risk of 1.95%. Please validate Thailand Prime value at risk, and the relationship between the jensen alpha and skewness , to decide if Thailand Prime will be following its existing price patterns.
Auto-correlation | -0.87 |
Excellent reverse predictability
Thailand Prime Property has excellent reverse predictability. Overlapping area represents the amount of predictability between Thailand Prime time series from 5th of February 2023 to 16th of January 2024 and 16th of January 2024 to 26th 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 Thailand Prime Property price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Thailand Prime price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Thailand Prime Property lagged returns against current returns
Autocorrelation, which is Thailand Prime 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 Thailand Prime's stock expected returns. We can calculate the autocorrelation of Thailand Prime returns to help us make a trade decision. For example, suppose you find that Thailand Prime 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 |
Thailand Prime 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 Thailand Prime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thailand Prime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thailand Prime stock over time.
Current vs Lagged Prices |
| Timeline |
Thailand Prime Lagged Returns
When evaluating Thailand Prime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thailand Prime stock have on its future price. Thailand Prime 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, Thailand Prime autocorrelation shows the relationship between Thailand Prime stock current value and its past values and can show if there is a momentum factor associated with investing in Thailand Prime Property.
Regressed Prices |
| Timeline |
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Thailand Prime financial ratios help investors to determine whether Thailand 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 Thailand with respect to the benefits of owning Thailand Prime security.