Thai Steel (Thailand) Market Value
| TSC Stock | THB 13.10 0.30 2.34% |
| Symbol | Thai |
Thai Steel '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 Steel'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 Steel.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Thai Steel on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Thai Steel Cable or generate 0.0% return on investment in Thai Steel over 90 days. Thai Steel is related to or competes with CP ALL, Bangkok Dusit, Central Pattana, Advanced Info, and Minor International. Thai Steel Cable Public Company Limited manufactures and distributes automobile and motorcycle control cables, and autom... More
Thai Steel 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 Steel'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 Steel Cable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.18 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 2.36 |
Thai Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thai Steel's standard deviation. In reality, there are many statistical measures that can use Thai Steel historical prices to predict the future Thai Steel's volatility.| Risk Adjusted Performance | 0.0543 | |||
| Jensen Alpha | 0.0687 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 7.29 |
Thai Steel Cable Backtested Returns
As of now, Thai Stock is very steady. Thai Steel Cable owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0314, which indicates the firm had a 0.0314 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Thai Steel Cable, which you can use to evaluate the volatility of the company. Please validate Thai Steel's Risk Adjusted Performance of 0.0543, coefficient of variation of 1840.89, and Semi Deviation of 1.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0479%. Thai Steel has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.0096, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thai Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thai Steel is expected to be smaller as well. Thai Steel Cable right now has a risk of 1.53%. Please validate Thai Steel semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Thai Steel will be following its existing price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Thai Steel Cable has weak reverse predictability. Overlapping area represents the amount of predictability between Thai Steel time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 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 Steel Cable price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Thai Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thai Steel Cable lagged returns against current returns
Autocorrelation, which is Thai Steel 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 Steel's stock expected returns. We can calculate the autocorrelation of Thai Steel returns to help us make a trade decision. For example, suppose you find that Thai Steel 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 Steel 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 Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thai Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thai Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Thai Steel Lagged Returns
When evaluating Thai Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thai Steel stock have on its future price. Thai Steel 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 Steel autocorrelation shows the relationship between Thai Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Thai Steel Cable.
Regressed Prices |
| Timeline |
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Thai Steel 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 Steel security.