Thai Reinsurance (Thailand) Market Value
| THRE Stock | THB 0.56 0.01 1.75% |
| Symbol | Thai |
Thai Reinsurance '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 Reinsurance'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 Reinsurance.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Thai Reinsurance on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Thai Reinsurance Public or generate 0.0% return on investment in Thai Reinsurance over 720 days. Thai Reinsurance is related to or competes with Thaire Life, Hana Microelectronics, Ratchthani Leasing, Siri Prime, and Thai Vegetable. Thai Reinsurance Public Company Limited provides insurance and reinsurance services in Thailand More
Thai Reinsurance 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 Reinsurance'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 Reinsurance Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.75 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 6.25 |
Thai Reinsurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Reinsurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Reinsurance's standard deviation. In reality, there are many statistical measures that can use Thai Reinsurance historical prices to predict the future Thai Reinsurance's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.717 |
Thai Reinsurance Public Backtested Returns
Thai Reinsurance is out of control given 3 months investment horizon. Thai Reinsurance Public 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. We were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 14.09% are justified by taking the suggested risk. Use Thai Reinsurance Public insignificant Risk Adjusted Performance, coefficient of variation of (9,001), and Variance of 5.44 to evaluate company specific risk that cannot be diversified away. Thai Reinsurance holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.0501, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thai Reinsurance are expected to decrease at a much lower rate. During the bear market, Thai Reinsurance is likely to outperform the market. Use Thai Reinsurance Public jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Thai Reinsurance Public.
Auto-correlation | 0.70 |
Good predictability
Thai Reinsurance Public has good predictability. Overlapping area represents the amount of predictability between Thai Reinsurance time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Thai Reinsurance Public price movement. The serial correlation of 0.7 indicates that around 70.0% of current Thai Reinsurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thai Reinsurance Public lagged returns against current returns
Autocorrelation, which is Thai Reinsurance 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 Reinsurance's stock expected returns. We can calculate the autocorrelation of Thai Reinsurance returns to help us make a trade decision. For example, suppose you find that Thai Reinsurance 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 Reinsurance 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 Reinsurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Reinsurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Reinsurance stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Reinsurance Lagged Returns
When evaluating Thai Reinsurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Reinsurance stock have on its future price. Thai Reinsurance 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 Reinsurance autocorrelation shows the relationship between Thai Reinsurance stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Reinsurance Public.
Regressed Prices |
| Timeline |
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Thai Reinsurance 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 Reinsurance security.