KT Medical (Thailand) Market Value
| KTMS Stock | 2.26 0.12 5.61% |
| Symbol | KTMS |
KT Medical '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 KT Medical'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 KT Medical.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in KT Medical on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding KT Medical Service or generate 0.0% return on investment in KT Medical over 30 days. KT Medical is related to or competes with DTC Enterprise, Yong Concrete, and Exotic Food. More
KT Medical 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 KT Medical'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 KT Medical Service upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.71 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.92 |
KT Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KT Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KT Medical's standard deviation. In reality, there are many statistical measures that can use KT Medical historical prices to predict the future KT Medical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.28) |
KT Medical Service Backtested Returns
KT Medical Service retains Efficiency (Sharpe Ratio) of -0.0338, which conveys that the firm had a -0.0338% return per unit of price deviation over the last 3 months. KT Medical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KT Medical's Mean Deviation of 1.98, market risk adjusted performance of (0.27), and Information Ratio of (0.08) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KT Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding KT Medical is expected to be smaller as well. At this point, KT Medical Service has a negative expected return of -0.0905%. Please make sure to verify KT Medical's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if KT Medical Service performance from the past will be repeated sooner or later.
Auto-correlation | 0.45 |
Average predictability
KT Medical Service has average predictability. Overlapping area represents the amount of predictability between KT Medical time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 KT Medical Service price movement. The serial correlation of 0.45 indicates that just about 45.0% of current KT Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KT Medical Service lagged returns against current returns
Autocorrelation, which is KT Medical 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 KT Medical's stock expected returns. We can calculate the autocorrelation of KT Medical returns to help us make a trade decision. For example, suppose you find that KT Medical 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 |
KT Medical 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 KT Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KT Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KT Medical stock over time.
Current vs Lagged Prices |
| Timeline |
KT Medical Lagged Returns
When evaluating KT Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KT Medical stock have on its future price. KT Medical 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, KT Medical autocorrelation shows the relationship between KT Medical stock current value and its past values and can show if there is a momentum factor associated with investing in KT Medical Service.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in KTMS Stock
KT Medical financial ratios help investors to determine whether KTMS 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 KTMS with respect to the benefits of owning KT Medical security.