TTM Technologies (Germany) Market Value
| TT1 Stock | EUR 23.60 0.20 0.85% |
| Symbol | TTM |
TTM 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 TTM 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 TTM Technologies.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in TTM Technologies on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding TTM Technologies or generate 0.0% return on investment in TTM Technologies over 30 days. TTM Technologies is related to or competes with Jabil, Ibiden CoLtd, Plexus Corp, KCE EL, Hana Microelectronics, and AT S. TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards worldwide More
TTM 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 TTM 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 TTM Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.2376 | |||
| Maximum Drawdown | 16.19 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.98 |
TTM Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TTM Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTM Technologies' standard deviation. In reality, there are many statistical measures that can use TTM Technologies historical prices to predict the future TTM Technologies' volatility.| Risk Adjusted Performance | 0.2051 | |||
| Jensen Alpha | 0.6217 | |||
| Total Risk Alpha | 0.5592 | |||
| Sortino Ratio | 0.2861 | |||
| Treynor Ratio | 1.51 |
TTM Technologies Backtested Returns
TTM Technologies appears to be very steady, given 3 months investment horizon. TTM Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of standard deviation over the last 3 months. By evaluating TTM Technologies' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review TTM Technologies' risk adjusted performance of 0.2051, and Coefficient Of Variation of 399.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TTM Technologies holds a performance score of 19. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TTM Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding TTM Technologies is expected to be smaller as well. Please check TTM Technologies' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether TTM Technologies' existing price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
TTM Technologies has below average predictability. Overlapping area represents the amount of predictability between TTM Technologies time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 TTM Technologies price movement. The serial correlation of 0.38 indicates that just about 38.0% of current TTM Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
TTM Technologies lagged returns against current returns
Autocorrelation, which is TTM 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 TTM Technologies' stock expected returns. We can calculate the autocorrelation of TTM Technologies returns to help us make a trade decision. For example, suppose you find that TTM 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 |
TTM 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 TTM Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TTM Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TTM Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
TTM Technologies Lagged Returns
When evaluating TTM Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TTM Technologies stock have on its future price. TTM 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, TTM Technologies autocorrelation shows the relationship between TTM Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in TTM Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in TTM Stock
When determining whether TTM Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TTM Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ttm Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ttm Technologies Stock:Check out TTM Technologies Correlation, TTM Technologies Volatility and TTM Technologies Alpha and Beta module to complement your research on TTM Technologies. For more detail on how to invest in TTM Stock please use our How to Invest in TTM Technologies guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
TTM Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.