Thai Rung (Thailand) Market Value
| TRU Stock | THB 3.24 0.02 0.61% |
| Symbol | Thai |
Thai Rung '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 Rung'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 Rung.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Thai Rung on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Rung Union or generate 0.0% return on investment in Thai Rung over 90 days. Thai Rung is related to or competes with Thoresen Thai, Regional Container, Vanachai Group, Thai Vegetable, and Italian Thai. Thai Rung Union Car Public Company Limited engages in car assembly and modification, and the manufacture and distributio... More
Thai Rung 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 Rung'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 Rung Union upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0669 | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.29 |
Thai Rung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Rung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Rung's standard deviation. In reality, there are many statistical measures that can use Thai Rung historical prices to predict the future Thai Rung's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0533 | |||
| Treynor Ratio | (0.47) |
Thai Rung Union Backtested Returns
Thai Rung Union owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0319, which indicates the firm had a -0.0319 % return per unit of risk over the last 3 months. Thai Rung Union exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Rung's Risk Adjusted Performance of (0.04), coefficient of variation of (1,986), and Variance of 0.7136 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Rung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Rung is expected to be smaller as well. At this point, Thai Rung Union has a negative expected return of -0.0263%. Please make sure to validate Thai Rung's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Thai Rung Union performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Thai Rung Union has good reverse predictability. Overlapping area represents the amount of predictability between Thai Rung 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 Rung Union price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Thai Rung price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thai Rung Union lagged returns against current returns
Autocorrelation, which is Thai Rung 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 Rung's stock expected returns. We can calculate the autocorrelation of Thai Rung returns to help us make a trade decision. For example, suppose you find that Thai Rung 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 Rung 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 Rung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Rung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Rung stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Rung Lagged Returns
When evaluating Thai Rung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Rung stock have on its future price. Thai Rung 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 Rung autocorrelation shows the relationship between Thai Rung stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Rung Union.
Regressed Prices |
| Timeline |
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Thai Rung 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 Rung security.