TTG Fintech (Australia) Market Value
| FTC Stock | 0.01 0.00 0.00% |
| Symbol | TTG |
TTG Fintech '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 TTG Fintech'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 TTG Fintech.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in TTG Fintech on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding TTG Fintech or generate 0.0% return on investment in TTG Fintech over 300 days. TTG Fintech is related to or competes with Aneka Tambang, ANZ Group, Australia, Commonwealth Bank, and BHP Group. TTG Fintech is entity of Australia. It is traded as Stock on AU exchange. More
TTG Fintech 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 TTG Fintech'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 TTG Fintech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 34.29 |
TTG Fintech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TTG Fintech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTG Fintech's standard deviation. In reality, there are many statistical measures that can use TTG Fintech historical prices to predict the future TTG Fintech's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | 0.566 |
TTG Fintech Backtested Returns
Currently, TTG Fintech is out of control. TTG Fintech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0208, which indicates the firm had a 0.0208% return per unit of volatility over the last 3 months. We have found seventeen technical indicators for TTG Fintech, which you can use to evaluate the volatility of the company. Please validate TTG Fintech's risk adjusted performance of (0.03), and Variance of 27.37 to confirm if the risk estimate we provide is consistent with the expected return of 0.0893%. TTG Fintech has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TTG Fintech are expected to decrease at a much lower rate. During the bear market, TTG Fintech is likely to outperform the market. TTG Fintech currently has a risk of 4.29%. Please validate TTG Fintech variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if TTG Fintech will be following its existing price patterns.
Auto-correlation | 0.32 |
Below average predictability
TTG Fintech has below average predictability. Overlapping area represents the amount of predictability between TTG Fintech time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 TTG Fintech price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current TTG Fintech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TTG Fintech lagged returns against current returns
Autocorrelation, which is TTG Fintech 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 TTG Fintech's stock expected returns. We can calculate the autocorrelation of TTG Fintech returns to help us make a trade decision. For example, suppose you find that TTG Fintech 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 |
TTG Fintech 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 TTG Fintech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TTG Fintech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TTG Fintech stock over time.
Current vs Lagged Prices |
| Timeline |
TTG Fintech Lagged Returns
When evaluating TTG Fintech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TTG Fintech stock have on its future price. TTG Fintech 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, TTG Fintech autocorrelation shows the relationship between TTG Fintech stock current value and its past values and can show if there is a momentum factor associated with investing in TTG Fintech.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for TTG Stock Analysis
When running TTG Fintech's price analysis, check to measure TTG Fintech'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 TTG Fintech is operating at the current time. Most of TTG Fintech's value examination focuses on studying past and present price action to predict the probability of TTG Fintech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TTG Fintech's price. Additionally, you may evaluate how the addition of TTG Fintech to your portfolios can decrease your overall portfolio volatility.