Thaicom Public (Thailand) Market Value
| THCOM-R Stock | THB 11.00 0.23 2.14% |
| Symbol | Thaicom |
Thaicom Public '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 Thaicom Public'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 Thaicom Public.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Thaicom Public on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Thaicom Public or generate 0.0% return on investment in Thaicom Public over 90 days. Thaicom Public is related to or competes with TMBThanachart Bank, Tipco Foods, JD Food, Charoen Pokphand, Thai President, and Taokaenoi Food. Thaicom Public Company Limited, together with its subsidiaries, offer transponder services for domestic and international communications. More
Thaicom Public 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 Thaicom Public'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 Thaicom Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 15.87 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 3.06 |
Thaicom Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thaicom Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thaicom Public's standard deviation. In reality, there are many statistical measures that can use Thaicom Public historical prices to predict the future Thaicom Public's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.86) |
Thaicom Public Backtested Returns
Thaicom Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14 % return per unit of risk over the last 3 months. Thaicom Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thaicom Public's Risk Adjusted Performance of (0.11), coefficient of variation of (733.78), and Variance of 4.29 to confirm the risk estimate we provide. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thaicom Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thaicom Public is expected to be smaller as well. At this point, Thaicom Public has a negative expected return of -0.28%. Please make sure to validate Thaicom Public's total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Thaicom Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Thaicom Public has modest predictability. Overlapping area represents the amount of predictability between Thaicom Public time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thaicom Public price movement. The serial correlation of 0.5 indicates that about 50.0% of current Thaicom Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Thaicom Public lagged returns against current returns
Autocorrelation, which is Thaicom Public 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 Thaicom Public's stock expected returns. We can calculate the autocorrelation of Thaicom Public returns to help us make a trade decision. For example, suppose you find that Thaicom Public 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 |
Thaicom Public 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 Thaicom Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thaicom Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thaicom Public stock over time.
Current vs Lagged Prices |
| Timeline |
Thaicom Public Lagged Returns
When evaluating Thaicom Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thaicom Public stock have on its future price. Thaicom Public 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, Thaicom Public autocorrelation shows the relationship between Thaicom Public stock current value and its past values and can show if there is a momentum factor associated with investing in Thaicom Public.
Regressed Prices |
| Timeline |
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When running Thaicom Public's price analysis, check to measure Thaicom Public's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thaicom Public is operating at the current time. Most of Thaicom Public's value examination focuses on studying past and present price action to predict the probability of Thaicom Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thaicom Public's price. Additionally, you may evaluate how the addition of Thaicom Public to your portfolios can decrease your overall portfolio volatility.