Thai Vegetable (Thailand) Market Value
| TVO Stock | THB 20.90 0.40 1.95% |
| Symbol | Thai |
Thai Vegetable '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 Vegetable'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 Vegetable.
| 06/06/2024 |
| 07/06/2024 |
If you would invest 0.00 in Thai Vegetable on June 6, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Vegetable Oil or generate 0.0% return on investment in Thai Vegetable over 30 days. Thai Vegetable is related to or competes with Taokaenoi Food, Com7 PCL, Ichitan Group, Thai Metal, Pacific Pipe, Kang Yong, and Srisawad Capital. Thai Vegetable Oil Public Company Limited manufactures and distributes soy meal and soybean oil in Thailand More
Thai Vegetable 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 Vegetable'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 Vegetable Oil upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.111 | |||
| Maximum Drawdown | 6.51 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.42 |
Thai Vegetable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Vegetable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Vegetable's standard deviation. In reality, there are many statistical measures that can use Thai Vegetable historical prices to predict the future Thai Vegetable's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.128 | |||
| Total Risk Alpha | 0.1643 | |||
| Sortino Ratio | 0.1195 | |||
| Treynor Ratio | 2.2 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thai Vegetable's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thai Vegetable Oil Backtested Returns
As of now, Thai Stock is very steady. Thai Vegetable Oil owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thai Vegetable Oil, which you can use to evaluate the volatility of the company. Please validate Thai Vegetable's Semi Deviation of 0.9307, coefficient of variation of 953.57, and Risk Adjusted Performance of 0.0712 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Thai Vegetable has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.0578, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Vegetable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Vegetable is expected to be smaller as well. Thai Vegetable Oil right now has a risk of 1.28%. Please validate Thai Vegetable total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Thai Vegetable will be following its existing price patterns.
Auto-correlation | 0.80 |
Very good predictability
Thai Vegetable Oil has very good predictability. Overlapping area represents the amount of predictability between Thai Vegetable time series from 6th of June 2024 to 21st of June 2024 and 21st of June 2024 to 6th of July 2024. 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 Vegetable Oil price movement. The serial correlation of 0.8 indicates that around 80.0% of current Thai Vegetable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Thai Vegetable Oil lagged returns against current returns
Autocorrelation, which is Thai Vegetable 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 Vegetable's stock expected returns. We can calculate the autocorrelation of Thai Vegetable returns to help us make a trade decision. For example, suppose you find that Thai Vegetable 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 Vegetable 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 Vegetable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Vegetable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Vegetable stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Vegetable Lagged Returns
When evaluating Thai Vegetable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Vegetable stock have on its future price. Thai Vegetable 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 Vegetable autocorrelation shows the relationship between Thai Vegetable stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Vegetable Oil.
Regressed Prices |
| Timeline |
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Thai Vegetable 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 Vegetable security.