TMBThanachart Bank (Germany) Market Value
| TMLF Stock | 0.04 0.0005 1.12% |
| Symbol | TMBThanachart |
TMBThanachart Bank '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 TMBThanachart Bank'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 TMBThanachart Bank.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in TMBThanachart Bank on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding TMBThanachart Bank PCL or generate 0.0% return on investment in TMBThanachart Bank over 90 days.
TMBThanachart Bank 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 TMBThanachart Bank'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 TMBThanachart Bank PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0642 | |||
| Maximum Drawdown | 5.42 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.3 |
TMBThanachart Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TMBThanachart Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TMBThanachart Bank's standard deviation. In reality, there are many statistical measures that can use TMBThanachart Bank historical prices to predict the future TMBThanachart Bank's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0208 | |||
| Total Risk Alpha | 0.1721 | |||
| Treynor Ratio | (0.08) |
TMBThanachart Bank PCL Backtested Returns
TMBThanachart Bank PCL retains Efficiency (Sharpe Ratio) of -0.0204, which indicates the firm had a -0.0204 % return per unit of volatility over the last 3 months. TMBThanachart Bank exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TMBThanachart Bank's standard deviation of 1.38, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TMBThanachart Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding TMBThanachart Bank is expected to be smaller as well. At this point, TMBThanachart Bank PCL has a negative expected return of -0.0281%. Please make sure to validate TMBThanachart Bank's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if TMBThanachart Bank PCL performance from the past will be repeated at future time.
Auto-correlation | -0.59 |
Good reverse predictability
TMBThanachart Bank PCL has good reverse predictability. Overlapping area represents the amount of predictability between TMBThanachart Bank time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 TMBThanachart Bank PCL price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current TMBThanachart Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TMBThanachart Bank PCL lagged returns against current returns
Autocorrelation, which is TMBThanachart Bank 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 TMBThanachart Bank's stock expected returns. We can calculate the autocorrelation of TMBThanachart Bank returns to help us make a trade decision. For example, suppose you find that TMBThanachart Bank 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 |
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TMBThanachart Bank 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 TMBThanachart Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TMBThanachart Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TMBThanachart Bank stock over time.
Current vs Lagged Prices |
| Timeline |
TMBThanachart Bank Lagged Returns
When evaluating TMBThanachart Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TMBThanachart Bank stock have on its future price. TMBThanachart Bank 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, TMBThanachart Bank autocorrelation shows the relationship between TMBThanachart Bank stock current value and its past values and can show if there is a momentum factor associated with investing in TMBThanachart Bank PCL.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TMBThanachart Stock Analysis
When running TMBThanachart Bank's price analysis, check to measure TMBThanachart Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TMBThanachart Bank is operating at the current time. Most of TMBThanachart Bank's value examination focuses on studying past and present price action to predict the probability of TMBThanachart Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TMBThanachart Bank's price. Additionally, you may evaluate how the addition of TMBThanachart Bank to your portfolios can decrease your overall portfolio volatility.