TTK Healthcare (India) Market Value
| TTKHLTCARE | 1,137 22.85 2.05% |
| Symbol | TTK |
TTK Healthcare '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 TTK Healthcare'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 TTK Healthcare.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in TTK Healthcare on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding TTK Healthcare Limited or generate 0.0% return on investment in TTK Healthcare over 90 days. TTK Healthcare is related to or competes with Som Distilleries, Spencers Retail, Pritish Nandy, Reliance Home, Tata Communications, Hindware Home, and Ravi Kumar. TTK Healthcare is entity of India. It is traded as Stock on NSE exchange. More
TTK Healthcare 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 TTK Healthcare'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 TTK Healthcare Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.46 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.42 |
TTK Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TTK Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTK Healthcare's standard deviation. In reality, there are many statistical measures that can use TTK Healthcare historical prices to predict the future TTK Healthcare's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (4.12) |
TTK Healthcare Backtested Returns
TTK Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23 % return per unit of volatility over the last 3 months. TTK Healthcare Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TTK Healthcare's risk adjusted performance of (0.19), and Variance of 3.01 to confirm the risk estimate we provide. The entity has a beta of 0.0969, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TTK Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding TTK Healthcare is expected to be smaller as well. At this point, TTK Healthcare has a negative expected return of -0.38%. Please make sure to validate TTK Healthcare's skewness, as well as the relationship between the day median price and relative strength index , to decide if TTK Healthcare performance from the past will be repeated at some future point.
Auto-correlation | 0.86 |
Very good predictability
TTK Healthcare Limited has very good predictability. Overlapping area represents the amount of predictability between TTK Healthcare time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th 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 TTK Healthcare price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current TTK Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 3122.44 |
TTK Healthcare lagged returns against current returns
Autocorrelation, which is TTK Healthcare 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 TTK Healthcare's stock expected returns. We can calculate the autocorrelation of TTK Healthcare returns to help us make a trade decision. For example, suppose you find that TTK Healthcare 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 |
TTK Healthcare 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 TTK Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TTK Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TTK Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
TTK Healthcare Lagged Returns
When evaluating TTK Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TTK Healthcare stock have on its future price. TTK Healthcare 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, TTK Healthcare autocorrelation shows the relationship between TTK Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in TTK Healthcare Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in TTK Stock
TTK Healthcare financial ratios help investors to determine whether TTK 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 TTK with respect to the benefits of owning TTK Healthcare security.