TAS Offshore (Malaysia) Market Value
| 5149 Stock | 0.68 0.02 3.03% |
| 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.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in TAS Offshore on January 2, 2025 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 Uchi Technologies, Tex Cycle, Greatech Technology, and Binasat Communications. 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 | 7.79 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.08 |
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 | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.36) |
TAS Offshore Bhd Backtested Returns
TAS Offshore Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the company had a close to zero % return per unit of standard deviation over the last 3 months. TAS Offshore Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TAS Offshore's Market Risk Adjusted Performance of (0.35), risk adjusted performance of (0.02), and Standard Deviation of 1.88 to confirm the risk estimate we provide. The firm has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TAS Offshore's returns are expected to increase less than the market. However, during the bear market, the loss of holding TAS Offshore is expected to be smaller as well. At this point, TAS Offshore Bhd has a negative expected return of -0.0087%. Please make sure to validate TAS Offshore's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if TAS Offshore Bhd performance from the past will be repeated at future time.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
TAS Offshore Bhd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TAS Offshore time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 TAS Offshore Bhd price movement. The serial correlation of -0.72 indicates that around 72.0% of current TAS Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.56 | |
| 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.