Teka Construction (Thailand) Market Value
| TEKA Stock | 2.24 0.10 4.67% |
| Symbol | Teka |
Teka Construction '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 Teka Construction'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 Teka Construction.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Teka Construction on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Teka Construction PCL or generate 0.0% return on investment in Teka Construction over 90 days. Teka Construction is related to or competes with TKrungthai Industries, TCM Public, Well Graded, and Steel Public. More
Teka Construction 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 Teka Construction'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 Teka Construction PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.54 |
Teka Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teka Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teka Construction's standard deviation. In reality, there are many statistical measures that can use Teka Construction historical prices to predict the future Teka Construction's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0464 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.0537 |
Teka Construction PCL Backtested Returns
Teka Construction PCL owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0706, which indicates the firm had a -0.0706% return per unit of risk over the last 3 months. Teka Construction PCL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teka Construction's Variance of 3.29, coefficient of variation of (7,649), and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The entity has a beta of -0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Teka Construction are expected to decrease at a much lower rate. During the bear market, Teka Construction is likely to outperform the market. At this point, Teka Construction PCL has a negative expected return of -0.12%. Please make sure to validate Teka Construction's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Teka Construction PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Teka Construction PCL has modest reverse predictability. Overlapping area represents the amount of predictability between Teka Construction time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 Teka Construction PCL price movement. The serial correlation of -0.46 indicates that about 46.0% of current Teka Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Teka Construction PCL lagged returns against current returns
Autocorrelation, which is Teka Construction 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 Teka Construction's stock expected returns. We can calculate the autocorrelation of Teka Construction returns to help us make a trade decision. For example, suppose you find that Teka Construction 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 |
Teka Construction 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 Teka Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teka Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teka Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Teka Construction Lagged Returns
When evaluating Teka Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teka Construction stock have on its future price. Teka Construction 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, Teka Construction autocorrelation shows the relationship between Teka Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Teka Construction PCL.
Regressed Prices |
| Timeline |
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Teka Construction financial ratios help investors to determine whether Teka 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 Teka with respect to the benefits of owning Teka Construction security.