TTCL Public (Thailand) Market Value
| TTCL Stock | THB 2.34 0.06 2.50% |
| Symbol | TTCL |
TTCL Public '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 TTCL Public'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 TTCL Public.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in TTCL Public on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding TTCL Public or generate 0.0% return on investment in TTCL Public over 720 days. TTCL Public is related to or competes with Asia Aviation, Bangkok Dusit, Bangkok Expressway, Airports, and BTS Group. TTCL Public Company Limited, together with its subsidiaries, designs, procures, and constructs integrated industrial fac... More
TTCL Public 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 TTCL Public'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 TTCL Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 12.14 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.17 |
TTCL Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TTCL Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTCL Public's standard deviation. In reality, there are many statistical measures that can use TTCL Public historical prices to predict the future TTCL Public's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 2.49 |
TTCL Public Backtested Returns
TTCL Public retains Efficiency (Sharpe Ratio) of -0.24, which indicates the firm had a -0.24% return per unit of volatility over the last 3 months. TTCL Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TTCL Public's standard deviation of 1.78, and Risk Adjusted Performance of (0.18) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TTCL Public are expected to decrease at a much lower rate. During the bear market, TTCL Public is likely to outperform the market. At this point, TTCL Public has a negative expected return of -0.44%. Please make sure to validate TTCL Public's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if TTCL Public performance from the past will be repeated at future time.
Auto-correlation | 0.18 |
Very weak predictability
TTCL Public has very weak predictability. Overlapping area represents the amount of predictability between TTCL Public time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 TTCL Public price movement. The serial correlation of 0.18 indicates that over 18.0% of current TTCL Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
TTCL Public lagged returns against current returns
Autocorrelation, which is TTCL Public 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 TTCL Public's stock expected returns. We can calculate the autocorrelation of TTCL Public returns to help us make a trade decision. For example, suppose you find that TTCL Public 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 |
TTCL Public 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 TTCL Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TTCL Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TTCL Public stock over time.
Current vs Lagged Prices |
| Timeline |
TTCL Public Lagged Returns
When evaluating TTCL Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TTCL Public stock have on its future price. TTCL Public 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, TTCL Public autocorrelation shows the relationship between TTCL Public stock current value and its past values and can show if there is a momentum factor associated with investing in TTCL Public.
Regressed Prices |
| Timeline |
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TTCL Public financial ratios help investors to determine whether TTCL 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 TTCL with respect to the benefits of owning TTCL Public security.