Twenty Four (Thailand) Market Value
| 24CS Stock | 3.26 0.34 11.64% |
| Symbol | Twenty |
Twenty Four '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 Twenty Four'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 Twenty Four.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Twenty Four on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Twenty Four Con Supply or generate 0.0% return on investment in Twenty Four over 60 days. Twenty Four is related to or competes with Akkhie Prakarn, Asian Phytoceuticals, Absolute Clean, Sabuy Technology, and Ananda Development. More
Twenty Four 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 Twenty Four'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 Twenty Four Con Supply upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 3.89 |
Twenty Four Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Twenty Four's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Twenty Four's standard deviation. In reality, there are many statistical measures that can use Twenty Four historical prices to predict the future Twenty Four's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (2.04) |
Twenty Four Con Backtested Returns
Twenty Four Con owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Twenty Four Con Supply exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Twenty Four's Coefficient Of Variation of (524.83), variance of 7.37, and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Twenty Four's returns are expected to increase less than the market. However, during the bear market, the loss of holding Twenty Four is expected to be smaller as well. At this point, Twenty Four Con has a negative expected return of -0.42%. Please make sure to validate Twenty Four's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Twenty Four Con performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Twenty Four Con Supply has insignificant reverse predictability. Overlapping area represents the amount of predictability between Twenty Four time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Twenty Four Con price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Twenty Four price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Twenty Four Con lagged returns against current returns
Autocorrelation, which is Twenty Four 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 Twenty Four's stock expected returns. We can calculate the autocorrelation of Twenty Four returns to help us make a trade decision. For example, suppose you find that Twenty Four 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 |
Twenty Four 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 Twenty Four stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Twenty Four stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Twenty Four stock over time.
Current vs Lagged Prices |
| Timeline |
Twenty Four Lagged Returns
When evaluating Twenty Four's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Twenty Four stock have on its future price. Twenty Four 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, Twenty Four autocorrelation shows the relationship between Twenty Four stock current value and its past values and can show if there is a momentum factor associated with investing in Twenty Four Con Supply.
Regressed Prices |
| Timeline |
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Twenty Four financial ratios help investors to determine whether Twenty 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 Twenty with respect to the benefits of owning Twenty Four security.