TKS Technologies (Thailand) Market Value
| TKS Stock | THB 5.85 0.05 0.85% |
| 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.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in TKS Technologies on October 23, 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 60 days. TKS Technologies is related to or competes with Land, CH Karnchang, Krung Thai, Bangkok Bank, and Siam Cement. 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 | (0.48) | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 1.42 |
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 | (0.35) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (1.58) |
TKS Technologies Public Backtested Returns
TKS Technologies Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.44, which indicates the firm had a -0.44% return per unit of standard deviation over the last 3 months. TKS Technologies Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TKS Technologies' risk adjusted performance of (0.35), and Variance of 1.04 to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TKS Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding TKS Technologies is expected to be smaller as well. At this point, TKS Technologies Public has a negative expected return of -0.45%. Please make sure to validate TKS Technologies' potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if TKS Technologies Public performance from the past will be repeated at some future point.
Auto-correlation | 0.82 |
Very good predictability
TKS Technologies Public has very good predictability. Overlapping area represents the amount of predictability between TKS Technologies time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 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 TKS Technologies Public price movement. The serial correlation of 0.82 indicates that around 82.0% of current TKS Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
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.