Thai Coating (Thailand) Market Value
| TCOAT Stock | THB 27.50 2.50 10.00% |
| Symbol | Thai |
Thai Coating '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 Coating'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 Coating.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Thai Coating on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Thai Coating Industrial or generate 0.0% return on investment in Thai Coating over 720 days. Thai Coating is related to or competes with Thantawan Industry, Thai Packaging, Thai Metal, and TCM Public. Thai Coating Industrial Public Company Limited manufactures and sells plastic sacks and beads in Thailand More
Thai Coating 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 Coating'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 Coating Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.91 | |||
| Information Ratio | 0.025 | |||
| Maximum Drawdown | 43.54 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 5.21 |
Thai Coating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Coating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Coating's standard deviation. In reality, there are many statistical measures that can use Thai Coating historical prices to predict the future Thai Coating's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.219 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.014 | |||
| Treynor Ratio | 4.2 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thai Coating's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thai Coating Industrial Backtested Returns
Thai Coating appears to be not too volatile, given 3 months investment horizon. Thai Coating Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0548, which indicates the firm had a 0.0548% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Thai Coating Industrial, which you can use to evaluate the volatility of the company. Please review Thai Coating's Semi Deviation of 2.45, coefficient of variation of 1881.85, and Risk Adjusted Performance of 0.0489 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thai Coating holds a performance score of 4. The entity has a beta of 0.0536, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Coating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Coating is expected to be smaller as well. Please check Thai Coating's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Thai Coating's existing price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Thai Coating Industrial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thai Coating time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Thai Coating Industrial price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Thai Coating price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.41 |
Thai Coating Industrial lagged returns against current returns
Autocorrelation, which is Thai Coating 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 Coating's stock expected returns. We can calculate the autocorrelation of Thai Coating returns to help us make a trade decision. For example, suppose you find that Thai Coating 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 Coating 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 Coating stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Coating stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Coating stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Coating Lagged Returns
When evaluating Thai Coating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Coating stock have on its future price. Thai Coating 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 Coating autocorrelation shows the relationship between Thai Coating stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Coating Industrial.
Regressed Prices |
| Timeline |
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Thai Coating 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 Coating security.