Taokaenoi Food (Thailand) Market Value
| TKN Stock | THB 10.30 0.10 0.96% |
| Symbol | Taokaenoi |
Taokaenoi Food '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 Taokaenoi Food'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 Taokaenoi Food.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Taokaenoi Food on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Taokaenoi Food Marketing or generate 0.0% return on investment in Taokaenoi Food over 30 days. Taokaenoi Food is related to or competes with Charoen Pokphand, Minor International, Advanced Info, and Bangkok Dusit. Taokaenoi Food Marketing Public Company Limited manufactures and distributes fried, grilled, and baked seaweed and seawe... More
Taokaenoi Food 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 Taokaenoi Food'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 Taokaenoi Food Marketing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.34 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.81 |
Taokaenoi Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taokaenoi Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taokaenoi Food's standard deviation. In reality, there are many statistical measures that can use Taokaenoi Food historical prices to predict the future Taokaenoi Food's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taokaenoi Food'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.
Taokaenoi Food Marketing Backtested Returns
Taokaenoi Food Marketing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0232, which indicates the firm had a -0.0232% return per unit of risk over the last 3 months. Taokaenoi Food Marketing exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taokaenoi Food's Risk Adjusted Performance of (0.01), variance of 5.98, and Coefficient Of Variation of (3,695) to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taokaenoi Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taokaenoi Food is expected to be smaller as well. Taokaenoi Food Marketing has an expected return of -0.0586%. Please make sure to validate Taokaenoi Food potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Taokaenoi Food Marketing performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Taokaenoi Food Marketing has good reverse predictability. Overlapping area represents the amount of predictability between Taokaenoi Food time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Taokaenoi Food Marketing price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Taokaenoi Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Taokaenoi Food Marketing lagged returns against current returns
Autocorrelation, which is Taokaenoi Food 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 Taokaenoi Food's stock expected returns. We can calculate the autocorrelation of Taokaenoi Food returns to help us make a trade decision. For example, suppose you find that Taokaenoi Food 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 |
Taokaenoi Food 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 Taokaenoi Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taokaenoi Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taokaenoi Food stock over time.
Current vs Lagged Prices |
| Timeline |
Taokaenoi Food Lagged Returns
When evaluating Taokaenoi Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taokaenoi Food stock have on its future price. Taokaenoi Food 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, Taokaenoi Food autocorrelation shows the relationship between Taokaenoi Food stock current value and its past values and can show if there is a momentum factor associated with investing in Taokaenoi Food Marketing.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Taokaenoi Food Correlation, Taokaenoi Food Volatility and Taokaenoi Food Alpha and Beta module to complement your research on Taokaenoi Food. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Taokaenoi Stock analysis
When running Taokaenoi Food's price analysis, check to measure Taokaenoi Food'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 Taokaenoi Food is operating at the current time. Most of Taokaenoi Food's value examination focuses on studying past and present price action to predict the probability of Taokaenoi Food's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taokaenoi Food's price. Additionally, you may evaluate how the addition of Taokaenoi Food to your portfolios can decrease your overall portfolio volatility.
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| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |
Taokaenoi Food 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.