Thai Packaging (Thailand) Market Value
| TPP Stock | THB 11.80 0.80 7.27% |
| Symbol | Thai |
Thai Packaging '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 Packaging'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 Packaging.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Thai Packaging on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Packaging Printing or generate 0.0% return on investment in Thai Packaging over 90 days. Thai Packaging is related to or competes with Thai Nam, Thantawan Industry, Thai Poly, Thai Rung, and Thai OPP. Thai Packaging Printing Public Company Limited manufactures and distributes box packaging products in Thailand More
Thai Packaging 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 Packaging'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 Packaging Printing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0573 | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 3.42 |
Thai Packaging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Packaging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Packaging's standard deviation. In reality, there are many statistical measures that can use Thai Packaging historical prices to predict the future Thai Packaging's volatility.| Risk Adjusted Performance | 0.0081 | |||
| Jensen Alpha | 0.025 | |||
| Total Risk Alpha | 0.2255 | |||
| Sortino Ratio | 0.0572 | |||
| Treynor Ratio | (0.01) |
Thai Packaging Printing Backtested Returns
Thai Packaging Printing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0116, which indicates the firm had a -0.0116 % return per unit of risk over the last 3 months. Thai Packaging Printing exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Packaging's Risk Adjusted Performance of 0.0081, semi deviation of 1.22, and Coefficient Of Variation of 30437.85 to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Packaging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Packaging is expected to be smaller as well. At this point, Thai Packaging Printing has a negative expected return of -0.0214%. Please make sure to validate Thai Packaging's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Thai Packaging Printing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Thai Packaging Printing has modest predictability. Overlapping area represents the amount of predictability between Thai Packaging time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Packaging Printing price movement. The serial correlation of 0.51 indicates that about 51.0% of current Thai Packaging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Thai Packaging Printing lagged returns against current returns
Autocorrelation, which is Thai Packaging 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 Packaging's stock expected returns. We can calculate the autocorrelation of Thai Packaging returns to help us make a trade decision. For example, suppose you find that Thai Packaging 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 Packaging 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 Packaging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Packaging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Packaging stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Packaging Lagged Returns
When evaluating Thai Packaging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Packaging stock have on its future price. Thai Packaging 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 Packaging autocorrelation shows the relationship between Thai Packaging stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Packaging Printing.
Regressed Prices |
| Timeline |
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Thai Packaging 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 Packaging security.