Thai Mui (Thailand) Market Value
| THMUI Stock | THB 0.50 0.03 5.66% |
| Symbol | Thai |
Thai Mui '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 Mui'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 Mui.
| 12/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in Thai Mui on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Mui or generate 0.0% return on investment in Thai Mui over 30 days. Thai Mui is related to or competes with Sea Oil, SGF Capital, Project Planning, Panjawattana Plastic, and Prodigy Public. ThaiMui Corporation Public Company Limited engages in the distribution of wire rope products and lifting equipment in Th... More
Thai Mui 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 Mui'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 Mui upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.72 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.36 |
Thai Mui Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Mui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Mui's standard deviation. In reality, there are many statistical measures that can use Thai Mui historical prices to predict the future Thai Mui's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (2.00) |
Thai Mui Backtested Returns
Thai Mui owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Thai Mui exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Mui's Coefficient Of Variation of (1,368), variance of 9.73, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. 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 Mui's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Mui is expected to be smaller as well. At this point, Thai Mui has a negative expected return of -0.32%. Please make sure to validate Thai Mui's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Thai Mui performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Thai Mui has weak reverse predictability. Overlapping area represents the amount of predictability between Thai Mui time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 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 Thai Mui price movement. The serial correlation of -0.25 indicates that over 25.0% of current Thai Mui price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thai Mui lagged returns against current returns
Autocorrelation, which is Thai Mui 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 Mui's stock expected returns. We can calculate the autocorrelation of Thai Mui returns to help us make a trade decision. For example, suppose you find that Thai Mui 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 Mui 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 Mui stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Mui stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Mui stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Mui Lagged Returns
When evaluating Thai Mui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Mui stock have on its future price. Thai Mui 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 Mui autocorrelation shows the relationship between Thai Mui stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Mui.
Regressed Prices |
| Timeline |
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Thai Mui 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 Mui security.