TMC Industrial (Thailand) Market Value
| TMC Stock | THB 1.13 0.02 1.74% |
| Symbol | TMC |
TMC Industrial '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 TMC Industrial'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 TMC Industrial.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in TMC Industrial on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding TMC Industrial Public or generate 0.0% return on investment in TMC Industrial over 690 days. TMC Industrial is related to or competes with Thaicom Public, Home Pottery, TAC Consumer, Thanapiriya Public, and Takuni Group. Industrial Public Company Limited manufactures and distributes hydraulic machinery and handling equipment in Thailand an... More
TMC Industrial 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 TMC Industrial'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 TMC Industrial Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | (0.0005) | |||
| Maximum Drawdown | 37.76 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 4.59 |
TMC Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TMC Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TMC Industrial's standard deviation. In reality, there are many statistical measures that can use TMC Industrial historical prices to predict the future TMC Industrial's volatility.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.1143 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | (0.0008) | |||
| Treynor Ratio | (9.82) |
TMC Industrial Public Backtested Returns
As of now, TMC Stock is extremely dangerous. TMC Industrial Public retains Efficiency (Sharpe Ratio) of 0.0179, which indicates the firm had a 0.0179% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for TMC Industrial, which you can use to evaluate the volatility of the company. Please validate TMC Industrial's risk adjusted performance of 0.0285, and Downside Deviation of 3.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.0858%. TMC Industrial has a performance score of 1 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.0115, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TMC Industrial are expected to decrease at a much lower rate. During the bear market, TMC Industrial is likely to outperform the market. TMC Industrial Public currently owns a risk of 4.79%. Please validate TMC Industrial Public downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if TMC Industrial Public will be following its current price history.
Auto-correlation | 0.63 |
Good predictability
TMC Industrial Public has good predictability. Overlapping area represents the amount of predictability between TMC Industrial time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 TMC Industrial Public price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current TMC Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
TMC Industrial Public lagged returns against current returns
Autocorrelation, which is TMC Industrial 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 TMC Industrial's stock expected returns. We can calculate the autocorrelation of TMC Industrial returns to help us make a trade decision. For example, suppose you find that TMC Industrial 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 |
TMC Industrial 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 TMC Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TMC Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TMC Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
TMC Industrial Lagged Returns
When evaluating TMC Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TMC Industrial stock have on its future price. TMC Industrial 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, TMC Industrial autocorrelation shows the relationship between TMC Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in TMC Industrial 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 TMC Stock
TMC Industrial financial ratios help investors to determine whether TMC 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 TMC with respect to the benefits of owning TMC Industrial security.