Thonburi Healthcare (Thailand) Market Value
| THG Stock | THB 17.80 0.50 2.73% |
| Symbol | Thonburi |
Thonburi Healthcare '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 Thonburi Healthcare'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 Thonburi Healthcare.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Thonburi Healthcare on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Thonburi Healthcare Grp or generate 0.0% return on investment in Thonburi Healthcare over 720 days. Thonburi Healthcare is related to or competes with Rajthanee Hospital, Chularat Hospital, Ekachai Medical, Bangkok Chain, and Srivichaivejvivat. Thonburi Healthcare Group Public Company Limited operates private hospitals in Thailand More
Thonburi Healthcare 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 Thonburi Healthcare'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 Thonburi Healthcare Grp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 23.25 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 7.83 |
Thonburi Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thonburi Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thonburi Healthcare's standard deviation. In reality, there are many statistical measures that can use Thonburi Healthcare historical prices to predict the future Thonburi Healthcare's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.42) | |||
| Treynor Ratio | (2.32) |
Thonburi Healthcare Grp Backtested Returns
Thonburi Healthcare Grp 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. Thonburi Healthcare Grp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thonburi Healthcare's Risk Adjusted Performance of (0.11), coefficient of variation of (611.68), and Variance of 19.25 to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thonburi Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thonburi Healthcare is expected to be smaller as well. At this point, Thonburi Healthcare Grp has a negative expected return of -0.62%. Please make sure to validate Thonburi Healthcare's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Thonburi Healthcare Grp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Thonburi Healthcare Grp has good predictability. Overlapping area represents the amount of predictability between Thonburi Healthcare time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Thonburi Healthcare Grp price movement. The serial correlation of 0.66 indicates that around 66.0% of current Thonburi Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 133.84 |
Thonburi Healthcare Grp lagged returns against current returns
Autocorrelation, which is Thonburi Healthcare 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 Thonburi Healthcare's stock expected returns. We can calculate the autocorrelation of Thonburi Healthcare returns to help us make a trade decision. For example, suppose you find that Thonburi Healthcare 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 |
Thonburi Healthcare 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 Thonburi Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thonburi Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thonburi Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Thonburi Healthcare Lagged Returns
When evaluating Thonburi Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thonburi Healthcare stock have on its future price. Thonburi Healthcare 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, Thonburi Healthcare autocorrelation shows the relationship between Thonburi Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Thonburi Healthcare Grp.
Regressed Prices |
| Timeline |
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Thonburi Healthcare financial ratios help investors to determine whether Thonburi 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 Thonburi with respect to the benefits of owning Thonburi Healthcare security.