KTAM Gold (Thailand) Market Value
| GLD Etf | THB 3.62 0.02 0.55% |
| Symbol | KTAM |
KTAM Gold '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 KTAM Gold's etf 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 KTAM Gold.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in KTAM Gold on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding KTAM Gold ETF or generate 0.0% return on investment in KTAM Gold over 30 days. KTAM Gold is related to or competes with ThaiDex SET50, BCAP MSCI, BCAP SET100, WISE KTAM, ThaiDEX SET, and MTrack Energy. The investment seeks to replicate, net of expenses, the price of gold bullion More
KTAM Gold 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 KTAM Gold's etf 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 KTAM Gold ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8819 | |||
| Information Ratio | 0.0625 | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.4 |
KTAM Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KTAM Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KTAM Gold's standard deviation. In reality, there are many statistical measures that can use KTAM Gold historical prices to predict the future KTAM Gold's volatility.| Risk Adjusted Performance | 0.0824 | |||
| Jensen Alpha | 0.0743 | |||
| Total Risk Alpha | 0.0487 | |||
| Sortino Ratio | 0.0545 | |||
| Treynor Ratio | (0.38) |
KTAM Gold ETF Backtested Returns
As of now, KTAM Etf is not too volatile. KTAM Gold ETF retains Efficiency (Sharpe Ratio) of 0.1, which conveys that the entity had a 0.1% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for KTAM Gold, which you can use to evaluate the volatility of the etf. Please verify KTAM Gold's Market Risk Adjusted Performance of (0.37), downside deviation of 0.8819, and Mean Deviation of 0.5518 to check out if the risk estimate we provide is consistent with the expected return of 0.0807%. The etf owns a Beta (Systematic Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KTAM Gold are expected to decrease at a much lower rate. During the bear market, KTAM Gold is likely to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
KTAM Gold ETF has insignificant reverse predictability. Overlapping area represents the amount of predictability between KTAM Gold time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 KTAM Gold ETF price movement. The serial correlation of -0.18 indicates that over 18.0% of current KTAM Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KTAM Gold ETF lagged returns against current returns
Autocorrelation, which is KTAM Gold etf'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 KTAM Gold's etf expected returns. We can calculate the autocorrelation of KTAM Gold returns to help us make a trade decision. For example, suppose you find that KTAM Gold has exhibited high autocorrelation historically, and you observe that the etf 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 |
KTAM Gold 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 KTAM Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KTAM Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KTAM Gold etf over time.
Current vs Lagged Prices |
| Timeline |
KTAM Gold Lagged Returns
When evaluating KTAM Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KTAM Gold etf have on its future price. KTAM Gold 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, KTAM Gold autocorrelation shows the relationship between KTAM Gold etf current value and its past values and can show if there is a momentum factor associated with investing in KTAM Gold ETF.
Regressed Prices |
| Timeline |
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KTAM Gold financial ratios help investors to determine whether KTAM Etf 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 KTAM with respect to the benefits of owning KTAM Gold security.