KT Medical (Thailand) Market Value
| KTMS Stock | 2.18 0.02 0.91% |
| Symbol | KTMS |
KT Medical '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 KT Medical'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 KT Medical.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in KT Medical on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding KT Medical Service or generate 0.0% return on investment in KT Medical over 660 days. KT Medical is related to or competes with DTC Enterprise, Yong Concrete, and Exotic Food. More
KT Medical 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 KT Medical'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 KT Medical Service upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.84 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 4.13 |
KT Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KT Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KT Medical's standard deviation. In reality, there are many statistical measures that can use KT Medical historical prices to predict the future KT Medical's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.2029 |
KT Medical Service Backtested Returns
KT Medical Service retains Efficiency (Sharpe Ratio) of -0.0278, which conveys that the firm had a -0.0278% return per unit of price deviation over the last 3 months. KT Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KT Medical's Mean Deviation of 1.91, information ratio of (0.08), and Market Risk Adjusted Performance of 0.2129 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KT Medical are expected to decrease at a much lower rate. During the bear market, KT Medical is likely to outperform the market. At this point, KT Medical Service has a negative expected return of -0.0688%. Please make sure to verify KT Medical's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if KT Medical Service performance from the past will be repeated sooner or later.
Auto-correlation | 0.72 |
Good predictability
KT Medical Service has good predictability. Overlapping area represents the amount of predictability between KT Medical time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 KT Medical Service price movement. The serial correlation of 0.72 indicates that around 72.0% of current KT Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
KT Medical Service lagged returns against current returns
Autocorrelation, which is KT Medical 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 KT Medical's stock expected returns. We can calculate the autocorrelation of KT Medical returns to help us make a trade decision. For example, suppose you find that KT Medical 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 |
KT Medical 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 KT Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KT Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KT Medical stock over time.
Current vs Lagged Prices |
| Timeline |
KT Medical Lagged Returns
When evaluating KT Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KT Medical stock have on its future price. KT Medical 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, KT Medical autocorrelation shows the relationship between KT Medical stock current value and its past values and can show if there is a momentum factor associated with investing in KT Medical Service.
Regressed Prices |
| Timeline |
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KT Medical financial ratios help investors to determine whether KTMS 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 KTMS with respect to the benefits of owning KT Medical security.