Thonburi Medical (Thailand) Market Value
| KDH Stock | THB 95.00 0.75 0.78% |
| Symbol | Thonburi |
Thonburi Medical '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 Thonburi Medical'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 Thonburi Medical.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Thonburi Medical on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Thonburi Medical Centre or generate 0.0% return on investment in Thonburi Medical over 90 days. Thonburi Medical is related to or competes with Aikchol Hospital, Nonthavej Hospital, Wattana Karnpaet, Mahachai Hospital, and Krungdhep Sophon. Thonburi Medical Centre Public Company Limited engages in the hospital business in Thailand More
Thonburi Medical 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 Thonburi Medical'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 Thonburi Medical Centre upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.1 |
Thonburi Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thonburi Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thonburi Medical's standard deviation. In reality, there are many statistical measures that can use Thonburi Medical historical prices to predict the future Thonburi Medical's volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.0425 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.3081 |
Thonburi Medical Centre Backtested Returns
Thonburi Medical is out of control given 3 months investment horizon. Thonburi Medical Centre owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 15.95% are justified by taking the suggested risk. Use Thonburi Medical Centre Risk Adjusted Performance of 0.0668, semi deviation of 0.3972, and Coefficient Of Variation of 1170.6 to evaluate company specific risk that cannot be diversified away. Thonburi Medical holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thonburi Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thonburi Medical is expected to be smaller as well. Use Thonburi Medical Centre jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Thonburi Medical Centre.
Auto-correlation | 0.18 |
Very weak predictability
Thonburi Medical Centre has very weak predictability. Overlapping area represents the amount of predictability between Thonburi Medical time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Thonburi Medical Centre price movement. The serial correlation of 0.18 indicates that over 18.0% of current Thonburi Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 10.16 |
Thonburi Medical Centre lagged returns against current returns
Autocorrelation, which is Thonburi Medical 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 Thonburi Medical's stock expected returns. We can calculate the autocorrelation of Thonburi Medical returns to help us make a trade decision. For example, suppose you find that Thonburi Medical 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 |
Thonburi Medical 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 Thonburi Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thonburi Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thonburi Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Thonburi Medical Lagged Returns
When evaluating Thonburi Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thonburi Medical stock have on its future price. Thonburi Medical 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, Thonburi Medical autocorrelation shows the relationship between Thonburi Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Thonburi Medical Centre.
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 Thonburi Stock
Thonburi Medical financial ratios help investors to determine whether Thonburi 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 Thonburi with respect to the benefits of owning Thonburi Medical security.