True Public (Thailand) Market Value
| TRUE Stock | THB 10.80 0.20 1.89% |
| Symbol | True |
True Public '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 True Public'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 True Public.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in True Public on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding True Public or generate 0.0% return on investment in True Public over 90 days. True Public is related to or competes with Advanced Info, PTT Public, Charoen Pokphand, SCB X, and CP ALL. True Corporation Public Company Limited, together with its subsidiaries, engages in the telecommunications and diversifi... More
True Public 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 True Public'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 True Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.76 |
True Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for True Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as True Public's standard deviation. In reality, there are many statistical measures that can use True Public historical prices to predict the future True Public's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.1964 | |||
| Treynor Ratio | (0.12) |
True Public Backtested Returns
True Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0484, which indicates the firm had a -0.0484 % return per unit of risk over the last 3 months. True Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate True Public's Risk Adjusted Performance of (0.03), coefficient of variation of (2,384), and Variance of 6.14 to confirm the risk estimate we provide. The entity has a beta of 0.93, which indicates possible diversification benefits within a given portfolio. True Public returns are very sensitive to returns on the market. As the market goes up or down, True Public is expected to follow. At this point, True Public has a negative expected return of -0.12%. Please make sure to validate True Public's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if True Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
True Public has very good reverse predictability. Overlapping area represents the amount of predictability between True Public time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 True Public price movement. The serial correlation of -0.66 indicates that around 66.0% of current True Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
True Public lagged returns against current returns
Autocorrelation, which is True Public 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 True Public's stock expected returns. We can calculate the autocorrelation of True Public returns to help us make a trade decision. For example, suppose you find that True Public 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 |
True Public 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 True Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if True Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in True Public stock over time.
Current vs Lagged Prices |
| Timeline |
True Public Lagged Returns
When evaluating True Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of True Public stock have on its future price. True Public 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, True Public autocorrelation shows the relationship between True Public stock current value and its past values and can show if there is a momentum factor associated with investing in True Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in True Stock
True Public financial ratios help investors to determine whether True 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 True with respect to the benefits of owning True Public security.