Thai Metal (Thailand) Market Value
| TMD Stock | THB 23.80 0.20 0.85% |
| Symbol | Thai |
Thai Metal '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 Metal'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 Metal.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Thai Metal on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Metal Drum or generate 0.0% return on investment in Thai Metal over 90 days. Thai Metal is related to or competes with Thantawan Industry, Thitikorn Public, Siam Steel, and Thai Vegetable. Thai Metal Drum Manufacturing Public Company Limited, together with its subsidiaries, manufactures and distributes metal... More
Thai Metal 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 Metal'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 Metal Drum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.78 | |||
| Information Ratio | 0.0561 | |||
| Maximum Drawdown | 16.42 | |||
| Value At Risk | (6.64) | |||
| Potential Upside | 7.13 |
Thai Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Metal's standard deviation. In reality, there are many statistical measures that can use Thai Metal historical prices to predict the future Thai Metal's volatility.| Risk Adjusted Performance | 0.0322 | |||
| Jensen Alpha | 0.1129 | |||
| Total Risk Alpha | 0.3809 | |||
| Sortino Ratio | 0.0438 | |||
| Treynor Ratio | 0.1793 |
Thai Metal Drum Backtested Returns
As of now, Thai Stock is not too volatile. Thai Metal Drum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0469, which indicates the firm had a 0.0469 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thai Metal Drum, which you can use to evaluate the volatility of the company. Please validate Thai Metal's Risk Adjusted Performance of 0.0322, semi deviation of 2.73, and Coefficient Of Variation of 3481.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Thai Metal has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thai Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Metal is expected to be smaller as well. Thai Metal Drum right now has a risk of 2.78%. Please validate Thai Metal coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Thai Metal will be following its existing price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Thai Metal Drum has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thai Metal time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 Metal Drum price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Thai Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Thai Metal Drum lagged returns against current returns
Autocorrelation, which is Thai Metal 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 Metal's stock expected returns. We can calculate the autocorrelation of Thai Metal returns to help us make a trade decision. For example, suppose you find that Thai Metal 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 Metal 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 Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Metal Lagged Returns
When evaluating Thai Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Metal stock have on its future price. Thai Metal 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 Metal autocorrelation shows the relationship between Thai Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Metal Drum.
Regressed Prices |
| Timeline |
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Thai Metal 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 Metal security.