True Public (Thailand) Market Value

TRUE Stock  THB 7.95  0.05  0.62%   
True Public's market value is the price at which a share of True Public trades on a public exchange. It measures the collective expectations of True Public investors about its performance. True Public is selling for 7.95 as of the 28th of March 2024. This is a -0.62 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 7.8.
With this module, you can estimate the performance of a buy and hold strategy of True Public and determine expected loss or profit from investing in True Public over a given investment horizon. Check out True Public Correlation, True Public Volatility and True Public Alpha and Beta module to complement your research on True Public.
Symbol

Please note, there is a significant difference between True Public's value and its price as these two are different measures arrived at by different means. Investors typically determine if True Public is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, True Public'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.

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.
0.00
04/03/2023
No Change 0.00  0.0 
In 11 months and 27 days
03/28/2024
0.00
If you would invest  0.00  in True Public on April 3, 2023 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 360 days. True Public is related to or competes with Delta Electronics, Delta Electronics, G J, and Regional Container. True Corporation Public Company Limited, together with its subsidiaries, engages in the telecommunications and diversifi... 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of True Public's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
5.787.9510.12
Details
Intrinsic
Valuation
LowRealHigh
6.418.5810.75
Details
Naive
Forecast
LowNextHigh
5.457.629.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.927.978.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as True Public. Your research has to be compared to or analyzed against True Public's peers to derive any actionable benefits. When done correctly, True Public's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in True Public.

True Public Backtested Returns

True Public appears to be somewhat reliable, given 3 months investment horizon. True Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.33, which indicates the firm had a 0.33% return per unit of risk over the last 3 months. By inspecting True Public's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review True Public's Risk Adjusted Performance of 0.1701, coefficient of variation of 341.41, and Semi Deviation of 0.7499 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, True Public holds a performance score of 25. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, True Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding True Public is expected to be smaller as well. Please check True Public's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether True Public's existing price patterns will revert.

Auto-correlation

    
  0.53  

Modest predictability

True Public has modest predictability. Overlapping area represents the amount of predictability between True Public time series from 3rd of April 2023 to 30th of September 2023 and 30th of September 2023 to 28th of March 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 0.53 indicates that about 53.0% of current True Public price fluctuation can be explain by its past prices.
Correlation Coefficient0.53
Spearman Rank Test-0.48
Residual Average0.0
Price Variance0.75

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  

Currently Active Assets on Macroaxis

Check out True Public Correlation, True Public Volatility and True Public Alpha and Beta module to complement your research on True Public.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running True Public's price analysis, check to measure True Public's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy True Public is operating at the current time. Most of True Public's value examination focuses on studying past and present price action to predict the probability of True Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True Public's price. Additionally, you may evaluate how the addition of True Public to your portfolios can decrease your overall portfolio volatility.
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True Public technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of True Public technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of True Public trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...