Thai President (Thailand) Market Value
| TFMAMA Stock | THB 201.00 1.00 0.50% |
| Symbol | Thai |
Thai President '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 President'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 President.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Thai President on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Thai President Foods or generate 0.0% return on investment in Thai President over 720 days. Thai President is related to or competes with Airports, PTT Public, Bangkok Dusit, Kasikornbank Public, and Charoen Pokphand. Thai President Foods Public Company Limited primarily manufactures and distributes instant noodles, semi-instant foods, ... More
Thai President 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 President'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 President Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7626 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.7519 |
Thai President Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai President's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai President's standard deviation. In reality, there are many statistical measures that can use Thai President historical prices to predict the future Thai President's volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | 0.0182 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.2794 |
Thai President Foods Backtested Returns
At this point, Thai President is very steady. Thai President Foods owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0716, which indicates the firm had a 0.0716% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thai President Foods, which you can use to evaluate the volatility of the company. Please validate Thai President's Semi Deviation of 0.3589, risk adjusted performance of 0.0512, and Coefficient Of Variation of 1429.95 to confirm if the risk estimate we provide is consistent with the expected return of 0.0455%. Thai President has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai President's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai President is expected to be smaller as well. Thai President Foods right now has a risk of 0.64%. Please validate Thai President downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Thai President will be following its existing price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Thai President Foods has very weak predictability. Overlapping area represents the amount of predictability between Thai President time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 President Foods price movement. The serial correlation of 0.19 indicates that over 19.0% of current Thai President price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 101.24 |
Thai President Foods lagged returns against current returns
Autocorrelation, which is Thai President 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 President's stock expected returns. We can calculate the autocorrelation of Thai President returns to help us make a trade decision. For example, suppose you find that Thai President 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 President 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 President stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai President stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai President stock over time.
Current vs Lagged Prices |
| Timeline |
Thai President Lagged Returns
When evaluating Thai President's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai President stock have on its future price. Thai President 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 President autocorrelation shows the relationship between Thai President stock current value and its past values and can show if there is a momentum factor associated with investing in Thai President Foods.
Regressed Prices |
| Timeline |
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Thai President 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 President security.