Tong Hua (Thailand) Market Value
| TH Stock | THB 0.73 0.01 1.39% |
| Symbol | Tong |
Tong Hua '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 Tong Hua'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 Tong Hua.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Tong Hua on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Tong Hua Holding or generate 0.0% return on investment in Tong Hua over 90 days. Tong Hua is related to or competes with Thai Reinsurance, Thaire Life, Ratchthani Leasing, TKS Technologies, and SVI Public. Tong Hua Holding Public Company Limited, through its subsidiaries, produces and distributes newspapers in Thailand More
Tong Hua 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 Tong Hua'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 Tong Hua Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.121 | |||
| Maximum Drawdown | 1009.09 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 6.33 |
Tong Hua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tong Hua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tong Hua's standard deviation. In reality, there are many statistical measures that can use Tong Hua historical prices to predict the future Tong Hua's volatility.| Risk Adjusted Performance | 0.1033 | |||
| Jensen Alpha | 15.52 | |||
| Total Risk Alpha | (5.67) | |||
| Sortino Ratio | 3.89 | |||
| Treynor Ratio | (14.40) |
Tong Hua Holding Backtested Returns
Tong Hua is out of control given 3 months investment horizon. Tong Hua Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have analyzed twenty-seven different technical indicators, which can help you to evaluate if expected returns of 15.39% are justified by taking the suggested risk. Use Tong Hua Holding Risk Adjusted Performance of 0.1033, standard deviation of 126.09, and Downside Deviation of 3.92 to evaluate company specific risk that cannot be diversified away. Tong Hua holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -1.07, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Tong Hua are expected to decrease slowly. On the other hand, during market turmoil, Tong Hua is expected to outperform it slightly. Use Tong Hua Holding maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to analyze future returns on Tong Hua Holding.
Auto-correlation | -0.1 |
Very weak reverse predictability
Tong Hua Holding has very weak reverse predictability. Overlapping area represents the amount of predictability between Tong Hua time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 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 Tong Hua Holding price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Tong Hua price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tong Hua Holding lagged returns against current returns
Autocorrelation, which is Tong Hua 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 Tong Hua's stock expected returns. We can calculate the autocorrelation of Tong Hua returns to help us make a trade decision. For example, suppose you find that Tong Hua 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 |
Tong Hua 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 Tong Hua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tong Hua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tong Hua stock over time.
Current vs Lagged Prices |
| Timeline |
Tong Hua Lagged Returns
When evaluating Tong Hua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tong Hua stock have on its future price. Tong Hua 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, Tong Hua autocorrelation shows the relationship between Tong Hua stock current value and its past values and can show if there is a momentum factor associated with investing in Tong Hua Holding.
Regressed Prices |
| Timeline |
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Tong Hua financial ratios help investors to determine whether Tong 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 Tong with respect to the benefits of owning Tong Hua security.