Techno Medical (Thailand) Market Value
| TM Stock | THB 1.20 0.04 3.45% |
| Symbol | Techno |
Techno 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 Techno 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 Techno Medical.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Techno Medical on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Techno Medical Public or generate 0.0% return on investment in Techno Medical over 30 days. Techno Medical is related to or competes with Gulf Energy, Energy Absolute, WHA Public, Bangkok Expressway, AJ Plast, Kiatnakin Phatra, and RS Public. Techno Medical Public Company Limited trades in medical supplies, tools, and equipment in Thailand More
Techno 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 Techno 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 Techno Medical Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.19 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.45 |
Techno Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techno Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techno Medical's standard deviation. In reality, there are many statistical measures that can use Techno Medical historical prices to predict the future Techno Medical's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.267 |
Techno Medical Public Backtested Returns
Techno Medical is out of control given 3 months investment horizon. Techno Medical Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have analyzed twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.15% are justified by taking the suggested risk. Use Techno Medical Public Variance of 4.78, coefficient of variation of (1,864), and Risk Adjusted Performance of (0.03) to evaluate company specific risk that cannot be diversified away. Techno Medical holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Techno Medical are expected to decrease at a much lower rate. During the bear market, Techno Medical is likely to outperform the market. Use Techno Medical Public kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to analyze future returns on Techno Medical Public.
Auto-correlation | 0.25 |
Poor predictability
Techno Medical Public has poor predictability. Overlapping area represents the amount of predictability between Techno Medical time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Techno Medical Public price movement. The serial correlation of 0.25 indicates that over 25.0% of current Techno Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Techno Medical Public lagged returns against current returns
Autocorrelation, which is Techno 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 Techno Medical's stock expected returns. We can calculate the autocorrelation of Techno Medical returns to help us make a trade decision. For example, suppose you find that Techno 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 |
Techno 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 Techno Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techno Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techno Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Techno Medical Lagged Returns
When evaluating Techno Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techno Medical stock have on its future price. Techno 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, Techno Medical autocorrelation shows the relationship between Techno Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Techno Medical Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Techno Stock
Techno Medical financial ratios help investors to determine whether Techno 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 Techno with respect to the benefits of owning Techno Medical security.