Thoresen Thai (Thailand) Market Value
| TTA Stock | THB 5.70 0.05 0.87% |
| Symbol | Thoresen |
Thoresen 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 Thoresen 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 Thoresen Thai.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Thoresen Thai on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Thoresen Thai Agencies or generate 0.0% return on investment in Thoresen Thai over 30 days. Thoresen Thai is related to or competes with Precious Shipping, Regional Container, PTT Public, Siam Cement, and Thai Oil. Thoresen Thai Agencies Public Company Limited, an investment holding company, provides shipping-related services in Thai... More
Thoresen 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 Thoresen 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 Thoresen Thai Agencies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.54 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 4.42 |
Thoresen Thai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thoresen Thai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thoresen Thai's standard deviation. In reality, there are many statistical measures that can use Thoresen Thai historical prices to predict the future Thoresen Thai's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.15) |
Thoresen Thai Agencies Backtested Returns
Thoresen Thai Agencies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0159, which indicates the firm had a -0.0159% return per unit of risk over the last 3 months. Thoresen Thai Agencies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thoresen Thai's Risk Adjusted Performance of (0.01), variance of 6.28, and Coefficient Of Variation of (4,221) to confirm the risk estimate we provide. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thoresen Thai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thoresen Thai is expected to be smaller as well. At this point, Thoresen Thai Agencies has a negative expected return of -0.0393%. Please make sure to validate Thoresen Thai's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Thoresen Thai Agencies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Thoresen Thai Agencies has good reverse predictability. Overlapping area represents the amount of predictability between Thoresen 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 Thoresen Thai Agencies price movement. The serial correlation of -0.55 indicates that about 55.0% of current Thoresen Thai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Thoresen Thai Agencies lagged returns against current returns
Autocorrelation, which is Thoresen 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 Thoresen Thai's stock expected returns. We can calculate the autocorrelation of Thoresen Thai returns to help us make a trade decision. For example, suppose you find that Thoresen 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 |
Thoresen 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 Thoresen Thai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thoresen Thai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thoresen Thai stock over time.
Current vs Lagged Prices |
| Timeline |
Thoresen Thai Lagged Returns
When evaluating Thoresen Thai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thoresen Thai stock have on its future price. Thoresen 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, Thoresen Thai autocorrelation shows the relationship between Thoresen Thai stock current value and its past values and can show if there is a momentum factor associated with investing in Thoresen Thai Agencies.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Thoresen Stock
Thoresen Thai financial ratios help investors to determine whether Thoresen 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 Thoresen with respect to the benefits of owning Thoresen Thai security.