Italian Thai (Thailand) Market Value
| ITD Stock | THB 0.50 0.02 3.85% |
| Symbol | Italian |
Italian Thai '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 Italian Thai'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 Italian Thai.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Italian Thai on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Italian Thai Development Public or generate 0.0% return on investment in Italian Thai over 30 days. Italian Thai is related to or competes with Land, CH Karnchang, Krung Thai, Bangkok Bank, and Siam Cement. Italian-Thai Development Public Company Limited, together with its subsidiaries, engages in the civil and infrastructure... More
Italian Thai 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 Italian Thai'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 Italian Thai Development Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 22.47 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 3.08 |
Italian Thai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Italian Thai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Italian Thai's standard deviation. In reality, there are many statistical measures that can use Italian Thai historical prices to predict the future Italian Thai's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 4.84 |
Italian Thai Develop Backtested Returns
Italian Thai Develop holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Italian Thai Develop exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Italian Thai's Risk Adjusted Performance of (0.08), standard deviation of 3.06, and Market Risk Adjusted Performance of 4.85 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0792, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Italian Thai are expected to decrease at a much lower rate. During the bear market, Italian Thai is likely to outperform the market. At this point, Italian Thai Develop has a negative expected return of -0.42%. Please make sure to check out Italian Thai's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Italian Thai Develop performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Italian Thai Development Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Italian Thai time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Italian Thai Develop price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Italian Thai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Italian Thai Develop lagged returns against current returns
Autocorrelation, which is Italian Thai 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 Italian Thai's stock expected returns. We can calculate the autocorrelation of Italian Thai returns to help us make a trade decision. For example, suppose you find that Italian Thai 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 |
Italian Thai 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 Italian Thai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Italian Thai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Italian Thai stock over time.
Current vs Lagged Prices |
| Timeline |
Italian Thai Lagged Returns
When evaluating Italian Thai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Italian Thai stock have on its future price. Italian Thai 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, Italian Thai autocorrelation shows the relationship between Italian Thai stock current value and its past values and can show if there is a momentum factor associated with investing in Italian Thai Development Public.
Regressed Prices |
| Timeline |
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Italian Thai financial ratios help investors to determine whether Italian 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 Italian with respect to the benefits of owning Italian Thai security.