TAS Offshore (Malaysia) Market Value
| 5149 Stock | 0.64 0.01 1.54% |
| Symbol | TAS |
TAS Offshore '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 TAS Offshore'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 TAS Offshore.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in TAS Offshore on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding TAS Offshore Bhd or generate 0.0% return on investment in TAS Offshore over 30 days. TAS Offshore is related to or competes with Press Metal, Eonmetall Group, Uchi Technologies, Sapura Industrial, and Al Aqar. More
TAS Offshore 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 TAS Offshore'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 TAS Offshore Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.5 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.62 |
TAS Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAS Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAS Offshore's standard deviation. In reality, there are many statistical measures that can use TAS Offshore historical prices to predict the future TAS Offshore's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0286 | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.0809 |
TAS Offshore Bhd Backtested Returns
As of now, TAS Stock is extremely dangerous. TAS Offshore Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0037, which indicates the company had a 0.0037% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for TAS Offshore Bhd, which you can use to evaluate the volatility of the entity. Please validate TAS Offshore's Market Risk Adjusted Performance of 0.0909, standard deviation of 2.67, and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.01%. The firm has a beta of -0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TAS Offshore are expected to decrease at a much lower rate. During the bear market, TAS Offshore is likely to outperform the market. TAS Offshore Bhd currently has a risk of 2.68%. Please validate TAS Offshore treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if TAS Offshore will be following its existing price patterns.
Auto-correlation | 0.77 |
Good predictability
TAS Offshore Bhd has good predictability. Overlapping area represents the amount of predictability between TAS Offshore time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 TAS Offshore Bhd price movement. The serial correlation of 0.77 indicates that around 77.0% of current TAS Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TAS Offshore Bhd lagged returns against current returns
Autocorrelation, which is TAS Offshore 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 TAS Offshore's stock expected returns. We can calculate the autocorrelation of TAS Offshore returns to help us make a trade decision. For example, suppose you find that TAS Offshore 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 |
TAS Offshore 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 TAS Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAS Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAS Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
TAS Offshore Lagged Returns
When evaluating TAS Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAS Offshore stock have on its future price. TAS Offshore 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, TAS Offshore autocorrelation shows the relationship between TAS Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in TAS Offshore Bhd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in TAS Stock
TAS Offshore financial ratios help investors to determine whether TAS 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 TAS with respect to the benefits of owning TAS Offshore security.