TMT Steel (Thailand) Market Value
| TMT Stock | THB 3.40 0.02 0.58% |
| Symbol | TMT |
TMT Steel '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 TMT Steel'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 TMT Steel.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in TMT Steel on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding TMT Steel Public or generate 0.0% return on investment in TMT Steel over 30 days. TMT Steel is related to or competes with MCS Steel, Thai Vegetable, Pacific Pipe, Tipco Foods, and KGI Securities. Tmt Steel Public Company Limited sells and transforms structural steel, plates, and sheets primarily in Thailand More
TMT Steel 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 TMT Steel'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 TMT Steel Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 25.06 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 1.13 |
TMT Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TMT Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TMT Steel's standard deviation. In reality, there are many statistical measures that can use TMT Steel historical prices to predict the future TMT Steel's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 41.0 |
TMT Steel Public Backtested Returns
TMT Steel is out of control given 3 months investment horizon. TMT Steel Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.21% are justified by taking the suggested risk. Use TMT Steel Public risk adjusted performance of (0.08), and Variance of 7.61 to evaluate company specific risk that cannot be diversified away. TMT Steel holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.0079, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TMT Steel are expected to decrease at a much lower rate. During the bear market, TMT Steel is likely to outperform the market. Use TMT Steel Public skewness, rate of daily change, period momentum indicator, as well as the relationship between the accumulation distribution and day typical price , to analyze future returns on TMT Steel Public.
Auto-correlation | 0.81 |
Very good predictability
TMT Steel Public has very good predictability. Overlapping area represents the amount of predictability between TMT Steel time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 TMT Steel Public price movement. The serial correlation of 0.81 indicates that around 81.0% of current TMT Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
TMT Steel Public lagged returns against current returns
Autocorrelation, which is TMT Steel 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 TMT Steel's stock expected returns. We can calculate the autocorrelation of TMT Steel returns to help us make a trade decision. For example, suppose you find that TMT Steel 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 |
TMT Steel 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 TMT Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TMT Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TMT Steel stock over time.
Current vs Lagged Prices |
| Timeline |
TMT Steel Lagged Returns
When evaluating TMT Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TMT Steel stock have on its future price. TMT Steel 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, TMT Steel autocorrelation shows the relationship between TMT Steel stock current value and its past values and can show if there is a momentum factor associated with investing in TMT Steel Public.
Regressed Prices |
| Timeline |
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TMT Steel financial ratios help investors to determine whether TMT 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 TMT with respect to the benefits of owning TMT Steel security.