Thai Rubber (Thailand) Market Value
| TRUBB Stock | THB 1.05 0.02 1.87% |
| Symbol | Thai |
Thai Rubber '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 Rubber'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 Rubber.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Thai Rubber on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Thai Rubber Latex or generate 0.0% return on investment in Thai Rubber over 390 days. Thai Rubber is related to or competes with Thoresen Thai, Sri Trang, TPI Polene, Ratchthani Leasing, and Thai Union. Thai Rubber Latex Group Public Company Limited manufactures, sells, and exports rubber and latex products worldwide More
Thai Rubber 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 Rubber'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 Rubber Latex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.23 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 4.17 |
Thai Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Rubber's standard deviation. In reality, there are many statistical measures that can use Thai Rubber historical prices to predict the future Thai Rubber's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.16) |
Thai Rubber Latex Backtested Returns
Thai Rubber Latex owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0998, which indicates the firm had a -0.0998% return per unit of risk over the last 3 months. Thai Rubber Latex exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Rubber's Variance of 5.89, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,043) to confirm the risk estimate we provide. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thai Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Rubber is expected to be smaller as well. At this point, Thai Rubber Latex has a negative expected return of -0.23%. Please make sure to validate Thai Rubber's variance, skewness, day typical price, as well as the relationship between the total risk alpha and daily balance of power , to decide if Thai Rubber Latex performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Thai Rubber Latex has very weak reverse predictability. Overlapping area represents the amount of predictability between Thai Rubber time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 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 Thai Rubber Latex price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Thai Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thai Rubber Latex lagged returns against current returns
Autocorrelation, which is Thai Rubber 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 Rubber's stock expected returns. We can calculate the autocorrelation of Thai Rubber returns to help us make a trade decision. For example, suppose you find that Thai Rubber 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 Rubber 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 Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Rubber Lagged Returns
When evaluating Thai Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Rubber stock have on its future price. Thai Rubber 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 Rubber autocorrelation shows the relationship between Thai Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Rubber Latex.
Regressed Prices |
| Timeline |
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Thai Rubber 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 Rubber security.