Tropical Canning Stock Forward View
| TC Stock | THB 5.35 0.15 2.88% |
Tropical Stock outlook is based on your current time horizon.
The value of RSI of Tropical Canning's stock price is about 67. This usually implies that the stock is rather overbought by investors as of now. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Tropical, making its price go up or down. Momentum 67
Buy Stretched
Oversold | Overbought |
Using Tropical Canning hype-based prediction, you can estimate the value of Tropical Canning Public from the perspective of Tropical Canning response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Tropical Canning Public on the next trading day is expected to be 5.36 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.58. Tropical Canning after-hype prediction price | THB 5.2 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Tropical |
Tropical Canning Additional Predictive Modules
Most predictive techniques to examine Tropical price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Tropical using various technical indicators. When you analyze Tropical charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Tropical Canning Naive Prediction Price Forecast For the 26th of February
Given 90 days horizon, the Naive Prediction forecasted value of Tropical Canning Public on the next trading day is expected to be 5.36 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.58.Please note that although there have been many attempts to predict Tropical Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Tropical Canning's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tropical Canning Stock Forecast Pattern
| Backtest Tropical Canning | Tropical Canning Price Prediction | Research Analysis |
Tropical Canning Forecasted Value
In the context of forecasting Tropical Canning's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Tropical Canning's downside and upside margins for the forecasting period are 4.43 and 6.29, respectively. We have considered Tropical Canning's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Tropical Canning stock data series using in forecasting. Note that when a statistical model is used to represent Tropical Canning stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 113.095 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0255 |
| MAPE | Mean absolute percentage error | 0.005 |
| SAE | Sum of the absolute errors | 1.5829 |
Predictive Modules for Tropical Canning
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tropical Canning Public. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Tropical Canning After-Hype Price Density Analysis
As far as predicting the price of Tropical Canning at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Tropical Canning or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Tropical Canning, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Tropical Canning Estimiated After-Hype Price Volatility
In the context of predicting Tropical Canning's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Tropical Canning's historical news coverage. Tropical Canning's after-hype downside and upside margins for the prediction period are 4.33 and 6.07, respectively. We have considered Tropical Canning's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Tropical Canning is not too volatile at this time. Analysis and calculation of next after-hype price of Tropical Canning Public is based on 3 months time horizon.
Tropical Canning Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Tropical Canning is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Tropical Canning backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Tropical Canning, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.10 | 0.93 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
5.35 | 5.20 | 0.00 |
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Tropical Canning Hype Timeline
Tropical Canning Public is at this time traded for 5.35on Thailand Exchange of Thailand. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Tropical is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.1%. %. The volatility of related hype on Tropical Canning is about 0.0%, with the expected price after the next announcement by competition of 5.35. About 64.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.68. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Tropical Canning Public last dividend was issued on the 9th of May 2022. The entity had 10:1 split on the 24th of May 2010. Assuming the 90 days horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Tropical Canning to cross-verify your projections.Tropical Canning Related Hype Analysis
Having access to credible news sources related to Tropical Canning's direct competition is more important than ever and may enhance your ability to predict Tropical Canning's future price movements. Getting to know how Tropical Canning's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Tropical Canning may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| UPOIC | United Palm Oil | 0.00 | 0 per month | 0.92 | 0 | 2.31 | (2.17) | 6.82 | |
| UBE | Ubon Bio Ethanol | 0.00 | 0 per month | 1.54 | 0.01 | 4.55 | (2.33) | 9.21 | |
| SUN | Sunsweet Public | 0.00 | 0 per month | 0.00 | (0.14) | 1.33 | (1.33) | 7.12 | |
| BR | Bangkok Ranch PCL | 0.00 | 0 per month | 0.32 | (0.12) | 1.20 | (0.61) | 3.64 | |
| PQS | Premier Quality Starch | 0.00 | 0 per month | 0.00 | (0.09) | 2.61 | (2.03) | 10.10 |
Other Forecasting Options for Tropical Canning
For every potential investor in Tropical, whether a beginner or expert, Tropical Canning's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tropical Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tropical. Basic forecasting techniques help filter out the noise by identifying Tropical Canning's price trends.Tropical Canning Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tropical Canning stock to make a market-neutral strategy. Peer analysis of Tropical Canning could also be used in its relative valuation, which is a method of valuing Tropical Canning by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tropical Canning Market Strength Events
Market strength indicators help investors to evaluate how Tropical Canning stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tropical Canning shares will generate the highest return on investment. By undertsting and applying Tropical Canning stock market strength indicators, traders can identify Tropical Canning Public entry and exit signals to maximize returns.
Tropical Canning Risk Indicators
The analysis of Tropical Canning's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Tropical Canning's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tropical stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.787 | |||
| Semi Deviation | 0.7742 | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.02 | |||
| Downside Variance | 1.06 | |||
| Semi Variance | 0.5994 | |||
| Expected Short fall | (1.08) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Tropical Canning
The number of cover stories for Tropical Canning depends on current market conditions and Tropical Canning's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Tropical Canning is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Tropical Canning's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Tropical Stock
Tropical Canning financial ratios help investors to determine whether Tropical 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 Tropical with respect to the benefits of owning Tropical Canning security.