TKS Technologies (Thailand) Market Value
| TKS Stock | THB 6.55 0.10 1.50% |
| Symbol | TKS |
TKS Technologies '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 TKS Technologies' 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 TKS Technologies.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in TKS Technologies on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding TKS Technologies Public or generate 0.0% return on investment in TKS Technologies over 90 days. TKS Technologies is related to or competes with Asia Aviation, Bangkok Dusit, Bangkok Expressway, Airports, and BTS Group. Technologies Public Company Limited manufactures and sells continuous paper forms, securities printing products, and oth... More
TKS Technologies 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 TKS Technologies' 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 TKS Technologies Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 1.95 |
TKS Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TKS Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TKS Technologies' standard deviation. In reality, there are many statistical measures that can use TKS Technologies historical prices to predict the future TKS Technologies' volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 1.26 |
TKS Technologies Public Backtested Returns
TKS Technologies is out of control given 3 months investment horizon. TKS Technologies Public owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of standard deviation over the last 3 months. We are able to interpolate and collect twenty-two different technical indicators, which can help you to evaluate if expected returns of 15.62% are justified by taking the suggested risk. Use TKS Technologies Public risk adjusted performance of (0.20), and Variance of 1.45 to evaluate company specific risk that cannot be diversified away. TKS Technologies holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TKS Technologies are expected to decrease at a much lower rate. During the bear market, TKS Technologies is likely to outperform the market. Use TKS Technologies Public kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to analyze future returns on TKS Technologies Public.
Auto-correlation | -0.07 |
Very weak reverse predictability
TKS Technologies Public has very weak reverse predictability. Overlapping area represents the amount of predictability between TKS Technologies time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 TKS Technologies Public price movement. The serial correlation of -0.07 indicates that barely 7.0% of current TKS Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
TKS Technologies Public lagged returns against current returns
Autocorrelation, which is TKS Technologies 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 TKS Technologies' stock expected returns. We can calculate the autocorrelation of TKS Technologies returns to help us make a trade decision. For example, suppose you find that TKS Technologies 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 |
TKS Technologies 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 TKS Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TKS Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TKS Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
TKS Technologies Lagged Returns
When evaluating TKS Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TKS Technologies stock have on its future price. TKS Technologies 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, TKS Technologies autocorrelation shows the relationship between TKS Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in TKS Technologies Public.
Regressed Prices |
| Timeline |
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TKS Technologies financial ratios help investors to determine whether TKS 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 TKS with respect to the benefits of owning TKS Technologies security.