TTM TECHNOLOGIES (Germany) Market Value
| TT1 Stock | 23.80 0.20 0.83% |
| 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'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 TTM TECHNOLOGIES.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in TTM TECHNOLOGIES on December 9, 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 HYDROFARM HLD, Penta-Ocean Construction, SLR Investment, AGNC INVESTMENT, North American, Dairy Farm, and Australian Agricultural. 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'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 TTM TECHNOLOGIES upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.2137 | |||
| Maximum Drawdown | 16.28 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 4.55 |
TTM TECHNOLOGIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TTM TECHNOLOGIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTM TECHNOLOGIES's standard deviation. In reality, there are many statistical measures that can use TTM TECHNOLOGIES historical prices to predict the future TTM TECHNOLOGIES's volatility.| Risk Adjusted Performance | 0.1885 | |||
| Jensen Alpha | 0.5914 | |||
| Total Risk Alpha | 0.5246 | |||
| Sortino Ratio | 0.2576 | |||
| Treynor Ratio | (1.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TTM TECHNOLOGIES's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TTM TECHNOLOGIES Backtested Returns
TTM TECHNOLOGIES appears to be not too volatile, given 3 months investment horizon. TTM TECHNOLOGIES owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of standard deviation over the last 3 months. By evaluating TTM TECHNOLOGIES's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please review TTM TECHNOLOGIES's risk adjusted performance of 0.1885, and Coefficient Of Variation of 445.83 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 17. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TTM TECHNOLOGIES are expected to decrease at a much lower rate. During the bear market, TTM TECHNOLOGIES is likely to outperform the market. Please check TTM TECHNOLOGIES's semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether TTM TECHNOLOGIES's existing price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
TTM TECHNOLOGIES has good reverse predictability. Overlapping area represents the amount of predictability between TTM TECHNOLOGIES time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 TTM TECHNOLOGIES price movement. The serial correlation of -0.53 indicates that about 53.0% of current TTM TECHNOLOGIES price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
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's 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's 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 |
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Additional Tools for TTM Stock Analysis
When running TTM TECHNOLOGIES's price analysis, check to measure TTM TECHNOLOGIES's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TTM TECHNOLOGIES is operating at the current time. Most of TTM TECHNOLOGIES's value examination focuses on studying past and present price action to predict the probability of TTM TECHNOLOGIES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TTM TECHNOLOGIES's price. Additionally, you may evaluate how the addition of TTM TECHNOLOGIES to your portfolios can decrease your overall portfolio volatility.