Ngern Tid (Thailand) Market Value
| TIDLOR Stock | THB 18.60 0.70 3.91% |
| Symbol | Ngern |
Ngern Tid '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 Ngern Tid'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 Ngern Tid.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Ngern Tid on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Ngern Tid Lor or generate 0.0% return on investment in Ngern Tid over 30 days. Ngern Tid is related to or competes with PTT Oil, Kasikornbank Public, Srisawad Power, Muangthai Capital, and TISCO Financial. Ngern Tid Lor Public Company Limited provides auto-for-cash loans to self-employed microentrepreneurs in Thailand More
Ngern Tid 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 Ngern Tid'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 Ngern Tid Lor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0731 | |||
| Maximum Drawdown | 11.19 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 4.79 |
Ngern Tid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ngern Tid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ngern Tid's standard deviation. In reality, there are many statistical measures that can use Ngern Tid historical prices to predict the future Ngern Tid's volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.1896 | |||
| Total Risk Alpha | 0.2036 | |||
| Sortino Ratio | 0.073 | |||
| Treynor Ratio | 0.1368 |
Ngern Tid Lor Backtested Returns
At this point, Ngern Tid is not too volatile. Ngern Tid Lor has Sharpe Ratio of 0.0585, which conveys that the firm had a 0.0585 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ngern Tid, which you can use to evaluate the volatility of the firm. Please verify Ngern Tid's Downside Deviation of 2.57, mean deviation of 1.96, and Risk Adjusted Performance of 0.0619 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Ngern Tid has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.32, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ngern Tid will likely underperform. Ngern Tid Lor right now secures a risk of 2.6%. Please verify Ngern Tid Lor potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Ngern Tid Lor will be following its current price movements.
Auto-correlation | -0.36 |
Poor reverse predictability
Ngern Tid Lor has poor reverse predictability. Overlapping area represents the amount of predictability between Ngern Tid time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Ngern Tid Lor price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Ngern Tid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Ngern Tid Lor lagged returns against current returns
Autocorrelation, which is Ngern Tid 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 Ngern Tid's stock expected returns. We can calculate the autocorrelation of Ngern Tid returns to help us make a trade decision. For example, suppose you find that Ngern Tid 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 |
Ngern Tid 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 Ngern Tid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ngern Tid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ngern Tid stock over time.
Current vs Lagged Prices |
| Timeline |
Ngern Tid Lagged Returns
When evaluating Ngern Tid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ngern Tid stock have on its future price. Ngern Tid 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, Ngern Tid autocorrelation shows the relationship between Ngern Tid stock current value and its past values and can show if there is a momentum factor associated with investing in Ngern Tid Lor.
Regressed Prices |
| Timeline |
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Ngern Tid financial ratios help investors to determine whether Ngern 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 Ngern with respect to the benefits of owning Ngern Tid security.