THAI BEVERAGE (Germany) Market Value
| T6W Stock | EUR 0.39 0.01 2.63% |
| Symbol | THAI |
THAI BEVERAGE '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 THAI BEVERAGE'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 THAI BEVERAGE.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in THAI BEVERAGE on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding THAI BEVERAGE or generate 0.0% return on investment in THAI BEVERAGE over 540 days. THAI BEVERAGE is related to or competes with SPORTING, Big 5, COLUMBIA SPORTSWEAR, Transport International, Q2M Managementberatu, URBAN OUTFITTERS, and Sporttotal. More
THAI BEVERAGE 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 THAI BEVERAGE'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 THAI BEVERAGE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | 0.0229 | |||
| Maximum Drawdown | 14.13 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.94 |
THAI BEVERAGE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THAI BEVERAGE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THAI BEVERAGE's standard deviation. In reality, there are many statistical measures that can use THAI BEVERAGE historical prices to predict the future THAI BEVERAGE's volatility.| Risk Adjusted Performance | 0.0658 | |||
| Jensen Alpha | 0.0745 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0177 | |||
| Treynor Ratio | 0.213 |
THAI BEVERAGE Backtested Returns
THAI BEVERAGE appears to be abnormally volatile, given 3 months investment horizon. THAI BEVERAGE retains Efficiency (Sharpe Ratio) of 0.0775, which indicates the firm had a 0.0775% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for THAI BEVERAGE, which you can use to evaluate the volatility of the company. Please review THAI BEVERAGE's downside deviation of 3.29, and Risk Adjusted Performance of 0.0658 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, THAI BEVERAGE holds a performance score of 6. The entity owns a Beta (Systematic Risk) of 0.87, which indicates possible diversification benefits within a given portfolio. THAI BEVERAGE returns are very sensitive to returns on the market. As the market goes up or down, THAI BEVERAGE is expected to follow. Please check THAI BEVERAGE's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether THAI BEVERAGE's current price history will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
THAI BEVERAGE has very good reverse predictability. Overlapping area represents the amount of predictability between THAI BEVERAGE time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 THAI BEVERAGE price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current THAI BEVERAGE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
THAI BEVERAGE lagged returns against current returns
Autocorrelation, which is THAI BEVERAGE 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 THAI BEVERAGE's stock expected returns. We can calculate the autocorrelation of THAI BEVERAGE returns to help us make a trade decision. For example, suppose you find that THAI BEVERAGE 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 |
THAI BEVERAGE 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 THAI BEVERAGE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THAI BEVERAGE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THAI BEVERAGE stock over time.
Current vs Lagged Prices |
| Timeline |
THAI BEVERAGE Lagged Returns
When evaluating THAI BEVERAGE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THAI BEVERAGE stock have on its future price. THAI BEVERAGE 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, THAI BEVERAGE autocorrelation shows the relationship between THAI BEVERAGE stock current value and its past values and can show if there is a momentum factor associated with investing in THAI BEVERAGE.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in THAI Stock
THAI BEVERAGE financial ratios help investors to determine whether THAI 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 THAI with respect to the benefits of owning THAI BEVERAGE security.