TCM Public (Thailand) Market Value
| TCMC Stock | THB 0.41 0.01 2.38% |
| Symbol | TCM |
TCM 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 TCM 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 TCM Public.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in TCM Public on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding TCM Public or generate 0.0% return on investment in TCM Public over 90 days. TCM Public is related to or competes with STPI Public, Thai Vegetable, Tycoons Worldwide, Ratchthani Leasing, and Thantawan Industry. TCM Corporation Public Company Limited, together with its subsidiaries, engages in the manufacture, distribution, and sa... More
TCM 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 TCM 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 TCM Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 14.93 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 3.03 |
TCM Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TCM Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TCM Public's standard deviation. In reality, there are many statistical measures that can use TCM Public historical prices to predict the future TCM Public's volatility.| Risk Adjusted Performance | (0.26) | |||
| Jensen Alpha | (0.79) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (2.67) |
TCM Public Backtested Returns
TCM Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.29, which indicates the company had a -0.29 % return per unit of standard deviation over the last 3 months. TCM Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TCM Public's Risk Adjusted Performance of (0.26), market risk adjusted performance of (2.66), and Standard Deviation of 2.69 to confirm the risk estimate we provide. The firm has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TCM Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding TCM Public is expected to be smaller as well. At this point, TCM Public has a negative expected return of -0.78%. Please make sure to validate TCM Public's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if TCM Public performance from the past will be repeated at future time.
Auto-correlation | 0.67 |
Good predictability
TCM Public has good predictability. Overlapping area represents the amount of predictability between TCM Public time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TCM Public price movement. The serial correlation of 0.67 indicates that around 67.0% of current TCM Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TCM Public lagged returns against current returns
Autocorrelation, which is TCM 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 TCM Public's stock expected returns. We can calculate the autocorrelation of TCM Public returns to help us make a trade decision. For example, suppose you find that TCM 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 |
TCM 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 TCM Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TCM Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TCM Public stock over time.
Current vs Lagged Prices |
| Timeline |
TCM Public Lagged Returns
When evaluating TCM Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TCM Public stock have on its future price. TCM 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, TCM Public autocorrelation shows the relationship between TCM Public stock current value and its past values and can show if there is a momentum factor associated with investing in TCM Public.
Regressed Prices |
| Timeline |
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TCM Public financial ratios help investors to determine whether TCM 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 TCM with respect to the benefits of owning TCM Public security.