True Public (Thailand) Market Value
| TRUE-R Stock | THB 12.10 0.61 5.31% |
| Symbol | True |
True Public '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 True Public'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 True Public.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in True Public on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding True Public or generate 0.0% return on investment in True Public over 720 days. True Public is related to or competes with Hana Microelectronics, Ekachai Medical, Megachem Public, and Intouch Holdings. True Corporationration Public Company Limited, together with its subsidiaries, engages in the telecommunications and diversified communications industries. More
True Public 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 True Public'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 True Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1104 | |||
| Maximum Drawdown | 76.23 | |||
| Potential Upside | 1.04 |
True Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for True Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as True Public's standard deviation. In reality, there are many statistical measures that can use True Public historical prices to predict the future True Public's volatility.| Risk Adjusted Performance | 0.103 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (1.98) |
True Public Backtested Returns
True Public is relatively risky given 3 months investment horizon. True Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use True Public Variance of 81.75, coefficient of variation of 813.12, and Risk Adjusted Performance of 0.103 to evaluate company specific risk that cannot be diversified away. True Public holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning True Public are expected to decrease at a much lower rate. During the bear market, True Public is likely to outperform the market. Use True Public accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to analyze future returns on True Public.
Auto-correlation | 0.02 |
Virtually no predictability
True Public has virtually no predictability. Overlapping area represents the amount of predictability between True Public time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 True Public price movement. The serial correlation of 0.02 indicates that only 2.0% of current True Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
True Public lagged returns against current returns
Autocorrelation, which is True Public 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 True Public's stock expected returns. We can calculate the autocorrelation of True Public returns to help us make a trade decision. For example, suppose you find that True Public 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 |
True Public 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 True Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if True Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in True Public stock over time.
Current vs Lagged Prices |
| Timeline |
True Public Lagged Returns
When evaluating True Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of True Public stock have on its future price. True Public 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, True Public autocorrelation shows the relationship between True Public stock current value and its past values and can show if there is a momentum factor associated with investing in True Public.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in True Stock
True Public financial ratios help investors to determine whether True 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 True with respect to the benefits of owning True Public security.