Thai Union (Thailand) Market Value
| TU Stock | THB 14.60 0.20 1.39% |
| Symbol | Thai |
Thai Union '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 Union'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 Union.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Thai Union on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Thai Union Group or generate 0.0% return on investment in Thai Union over 30 days. Thai Union is related to or competes with Charoen Pokphand, CP ALL, Minor International, and Bangkok Dusit. Thai Union Group Public Company Limited, together with its subsidiaries, manufactures and sells frozen, chilled, and can... More
Thai Union 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 Union'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 Union Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.24 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 1.42 |
Thai Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Union's standard deviation. In reality, there are many statistical measures that can use Thai Union historical prices to predict the future Thai Union's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 1.84 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thai Union'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 Union Group Backtested Returns
Thai Union Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0391, which indicates the firm had a -0.0391% return per unit of risk over the last 3 months. Thai Union Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Union's Risk Adjusted Performance of (0.02), coefficient of variation of (2,560), and Variance of 1.38 to confirm the risk estimate we provide. The entity has a beta of -0.0304, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thai Union are expected to decrease at a much lower rate. During the bear market, Thai Union is likely to outperform the market. Thai Union Group has an expected return of -0.046%. Please make sure to validate Thai Union skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Thai Union Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Thai Union Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thai Union time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Union Group price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Thai Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Thai Union Group lagged returns against current returns
Autocorrelation, which is Thai Union 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 Union's stock expected returns. We can calculate the autocorrelation of Thai Union returns to help us make a trade decision. For example, suppose you find that Thai Union 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 Union 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 Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Union stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Union Lagged Returns
When evaluating Thai Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Union stock have on its future price. Thai Union 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 Union autocorrelation shows the relationship between Thai Union stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Union Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Thai Union Correlation, Thai Union Volatility and Thai Union Alpha and Beta module to complement your research on Thai Union. Note that the Thai Union Group information on this page should be used as a complementary analysis to other Thai Union's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Thai Stock analysis
When running Thai Union's price analysis, check to measure Thai Union'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 Thai Union is operating at the current time. Most of Thai Union's value examination focuses on studying past and present price action to predict the probability of Thai Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thai Union's price. Additionally, you may evaluate how the addition of Thai Union to your portfolios can decrease your overall portfolio volatility.
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Thai Union technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.