Thai Pink Sheet Performance

Pink Sheets . USA . 
Stock . Thai Airways International
TAWNF Stock  USD 0.007  0.0005  7.69%   
Thai Airways holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -12.7133, which indicates a somewhat significant risk relative to the market. Let's try to break down what Thai's beta means in this case. As returns on the market increase, returns on owning Thai Airways are expected to decrease by larger amounts. On the other hand, during market turmoil, Thai Airways is expected to outperform it. Although it is essential to pay attention to Thai Airways Interna current price movements, it is also good to be reasonable about what you can do with equity historical returns. Our philosophy towards measuring future potential of any stock is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if Thai Airways International expected return of 5.34 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable. Use Thai Airways Interna standard deviation and the relationship between the treynor ratio and kurtosis to analyze future returns on Thai Airways Interna.
  

Thai Performance

8 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in Thai Airways International are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak basic indicators, Thai Airways reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Begin Period Cash Flow8.7 B
Total Cashflows From Investing Activities7.4 B

Thai Airways Relative Risk vs. Return Landscape

If you would invest  0.50  in Thai Airways International on March 3, 2023 and sell it today you would earn a total of  0.20  from holding Thai Airways International or generate 40.0% return on investment over 90 days. Thai Airways International is currently producing 5.3433% returns and takes up 49.2784% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Thai, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Thai Airways is expected to generate 54.48 times more return on investment than the market. However, the company is 54.48 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.09 per unit of risk.

Thai Airways Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Thai Airways' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Thai Airways International, and traders can use it to determine the average amount a Thai Airways' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1084

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Estimated Market Risk

 49.28
  actual daily
 96 
96% of assets are less volatile
9696

Expected Return

 5.12
  actual daily
 96 
96% of assets have lower returns
9696

Risk-Adjusted Return

 0.11
  actual daily
 8 
92% of assets perform better
88
Based on monthly moving average Thai Airways is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thai Airways by adding it to a well-diversified portfolio.

Thai Airways Fundamentals Growth

Thai Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Thai Airways, and Thai Airways fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Thai Pink Sheet performance.
Return On Asset(0.0117) %
Current Valuation3.82 B
Price to Earning0.01 X
Price to Book0.61 X
Price to Sales0.0075 X
Revenue21.57 B
EBITDA74.37 B
Cash per Share6.18 X
Cash Flow from Operations(9.85 B)
Earnings Per Share0.42 X
Total Asset161.22 B

About Thai Airways Performance

To evaluate Thai Airways Interna Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Thai Airways generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Thai Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Thai Airways Interna market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Thai's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Thai Airways International Public Company Limited, together with its subsidiaries, engages in the operation of airlines. The company was founded in 1959 and is headquartered in Bangkok, Thailand. Thai Airways operates under Airlines classification in the United States and is traded on OTC Exchange.

Things to note about Thai Airways Interna performance evaluation

Checking the ongoing alerts about Thai Airways for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Thai Airways Interna help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Thai Airways Interna is way too risky over 90 days horizon
Thai Airways Interna has some characteristics of a very speculative penny stock
Thai Airways Interna appears to be risky and price may revert if volatility continues
Thai Airways Interna has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 64.67 B in total debt. Thai Airways Interna has a current ratio of 0.63, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Thai Airways until it has trouble settling it off, either with new capital or with free cash flow. So, Thai Airways' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Thai Airways Interna sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Thai to invest in growth at high rates of return. When we think about Thai Airways' use of debt, we should always consider it together with cash and equity.
Thai Airways International has accumulated about 13.48 B in cash with (9.85 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.18, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Evaluating Thai Airways' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Thai Airways' pink sheet performance include:
  • Analyzing Thai Airways' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Thai Airways' stock is overvalued or undervalued compared to its peers.
  • Examining Thai Airways' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Thai Airways' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Thai Airways' management team can help you assess the company's leadership.
  • Pay attention to analyst opinions and ratings of Thai Airways' pink sheet. These opinions can provide insight into Thai Airways' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Thai Airways' pink sheet performance is not an exact science, and many factors can impact Thai Airways' pink sheet market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out World Market Map to better understand how to build diversified portfolios. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Thai Pink Sheet analysis

When running Thai Airways' price analysis, check to measure Thai Airways' 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 Airways is operating at the current time. Most of Thai Airways' value examination focuses on studying past and present price action to predict the probability of Thai Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thai Airways' price. Additionally, you may evaluate how the addition of Thai Airways to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Thai Airways' value and its price as these two are different measures arrived at by different means. Investors typically determine if Thai Airways is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thai Airways' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out World Market Map to better understand how to build diversified portfolios.
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