Turnkey Communication (Thailand) Market Value
| TKC Stock | 11.30 0.40 3.42% |
| Symbol | Turnkey |
Turnkey Communication '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 Turnkey Communication'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 Turnkey Communication.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Turnkey Communication on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Turnkey Communication Services or generate 0.0% return on investment in Turnkey Communication over 360 days. Turnkey Communication is related to or competes with TCM Public, Steel Public, Erawan, Ditto Public, Airports, Eastern Technical, and Pylon Public. More
Turnkey Communication 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 Turnkey Communication'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 Turnkey Communication Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0573 | |||
| Maximum Drawdown | 27.67 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.67 |
Turnkey Communication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turnkey Communication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turnkey Communication's standard deviation. In reality, there are many statistical measures that can use Turnkey Communication historical prices to predict the future Turnkey Communication's volatility.| Risk Adjusted Performance | 0.0744 | |||
| Jensen Alpha | 0.4017 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0685 | |||
| Treynor Ratio | (0.33) |
Turnkey Communication Backtested Returns
Turnkey Communication owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0348, which indicates the firm had a -0.0348% return per unit of risk over the last 3 months. Turnkey Communication Services exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Turnkey Communication's Semi Deviation of 2.5, coefficient of variation of 1148.02, and Risk Adjusted Performance of 0.0744 to confirm the risk estimate we provide. The entity has a beta of -0.93, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Turnkey Communication are expected to decrease slowly. On the other hand, during market turmoil, Turnkey Communication is expected to outperform it slightly. At this point, Turnkey Communication has a negative expected return of -0.11%. Please make sure to validate Turnkey Communication's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Turnkey Communication performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Turnkey Communication Services has modest reverse predictability. Overlapping area represents the amount of predictability between Turnkey Communication time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Turnkey Communication price movement. The serial correlation of -0.46 indicates that about 46.0% of current Turnkey Communication price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 4.22 |
Turnkey Communication lagged returns against current returns
Autocorrelation, which is Turnkey Communication 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 Turnkey Communication's stock expected returns. We can calculate the autocorrelation of Turnkey Communication returns to help us make a trade decision. For example, suppose you find that Turnkey Communication 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 |
Turnkey Communication 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 Turnkey Communication stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turnkey Communication stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turnkey Communication stock over time.
Current vs Lagged Prices |
| Timeline |
Turnkey Communication Lagged Returns
When evaluating Turnkey Communication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turnkey Communication stock have on its future price. Turnkey Communication 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, Turnkey Communication autocorrelation shows the relationship between Turnkey Communication stock current value and its past values and can show if there is a momentum factor associated with investing in Turnkey Communication Services.
Regressed Prices |
| Timeline |
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Turnkey Communication financial ratios help investors to determine whether Turnkey 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 Turnkey with respect to the benefits of owning Turnkey Communication security.