Thaicom Public (Thailand) Market Value
| THCOM Stock | THB 13.90 0.10 0.72% |
| 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.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Thaicom Public on November 20, 2023 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 390 days. Thaicom Public is related to or competes with Synnex Public, SVI Public, Interlink Communication, Erawan, Jay Mart, Airports, and Eastern Technical. Thaicom Public Company Limited, together with its subsidiaries, provides transponder services for domestic and internati... 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.
| Downside Deviation | 3.81 | |||
| Information Ratio | 0.0055 | |||
| Maximum Drawdown | 19.47 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 3.76 |
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 | 0.0343 | |||
| Jensen Alpha | 0.0443 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 0.153 |
Thaicom Public Backtested Returns
Thaicom Public appears to be somewhat reliable, given 3 months investment horizon. Thaicom Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0609, which indicates the firm had a 0.0609% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thaicom Public, which you can use to evaluate the volatility of the company. Please review Thaicom Public's Semi Deviation of 3.09, risk adjusted performance of 0.0343, and Coefficient Of Variation of 2732.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thaicom Public holds a performance score of 4. The entity has a beta of 0.7, 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. Please check Thaicom Public's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Thaicom Public's existing price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Thaicom Public has average predictability. Overlapping area represents the amount of predictability between Thaicom Public time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Thaicom Public price movement. The serial correlation of 0.47 indicates that about 47.0% of current Thaicom Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 3.01 |
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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Thaicom Public financial ratios help investors to determine whether Thaicom 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 Thaicom with respect to the benefits of owning Thaicom Public security.