Taokaenoi Food (Thailand) Market Value
| TKN Stock | THB 8.70 0.10 1.16% |
| Symbol | Taokaenoi |
Taokaenoi Food '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 Taokaenoi Food'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 Taokaenoi Food.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Taokaenoi Food on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Taokaenoi Food Marketing or generate 0.0% return on investment in Taokaenoi Food over 30 days. Taokaenoi Food is related to or competes with CP ALL, Carabao Group, Thai Union, Minor International, and Central Pattana. Taokaenoi Food Marketing Public Company Limited manufactures and distributes fried, grilled, and baked seaweed and seawe... More
Taokaenoi Food 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 Taokaenoi Food'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 Taokaenoi Food Marketing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.55 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.05 |
Taokaenoi Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taokaenoi Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taokaenoi Food's standard deviation. In reality, there are many statistical measures that can use Taokaenoi Food historical prices to predict the future Taokaenoi Food's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.7512 |
Taokaenoi Food Marketing Backtested Returns
As of now, Taokaenoi Stock is somewhat reliable. Taokaenoi Food Marketing owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0357, which indicates the firm had a 0.0357 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Taokaenoi Food Marketing, which you can use to evaluate the volatility of the company. Please validate Taokaenoi Food's Variance of 4.04, coefficient of variation of (3,556), and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.0661%. Taokaenoi Food has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0885, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taokaenoi Food are expected to decrease at a much lower rate. During the bear market, Taokaenoi Food is likely to outperform the market. Taokaenoi Food Marketing right now has a risk of 1.85%. Please validate Taokaenoi Food maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Taokaenoi Food will be following its existing price patterns.
Auto-correlation | -0.58 |
Good reverse predictability
Taokaenoi Food Marketing has good reverse predictability. Overlapping area represents the amount of predictability between Taokaenoi Food 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 Taokaenoi Food Marketing price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Taokaenoi Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Taokaenoi Food Marketing lagged returns against current returns
Autocorrelation, which is Taokaenoi Food 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 Taokaenoi Food's stock expected returns. We can calculate the autocorrelation of Taokaenoi Food returns to help us make a trade decision. For example, suppose you find that Taokaenoi Food 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 |
Taokaenoi Food 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 Taokaenoi Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taokaenoi Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taokaenoi Food stock over time.
Current vs Lagged Prices |
| Timeline |
Taokaenoi Food Lagged Returns
When evaluating Taokaenoi Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taokaenoi Food stock have on its future price. Taokaenoi Food 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, Taokaenoi Food autocorrelation shows the relationship between Taokaenoi Food stock current value and its past values and can show if there is a momentum factor associated with investing in Taokaenoi Food Marketing.
Regressed Prices |
| Timeline |
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Taokaenoi Food financial ratios help investors to determine whether Taokaenoi 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 Taokaenoi with respect to the benefits of owning Taokaenoi Food security.