Touchmark Bancshares Stock Market Value
| TMAK Stock | USD 8.07 0.07 0.88% |
| Symbol | Touchmark |
Touchmark Bancshares '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 Touchmark Bancshares' pink sheet 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 Touchmark Bancshares.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in Touchmark Bancshares on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Touchmark Bancshares or generate 0.0% return on investment in Touchmark Bancshares over 720 days. Touchmark Bancshares is related to or competes with Morningstar Unconstrained, Bondbloxx ETF, Spring Valley, Bondbloxx ETF, First Physicians, CarMax, and SEI Investments. Touchmark Bancshares, Inc. operates as the bank holding company for Touchmark National Bank that provides various bankin... More
Touchmark Bancshares 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 Touchmark Bancshares' pink sheet 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 Touchmark Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 1.79 |
Touchmark Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchmark Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchmark Bancshares' standard deviation. In reality, there are many statistical measures that can use Touchmark Bancshares historical prices to predict the future Touchmark Bancshares' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.53) |
Touchmark Bancshares Backtested Returns
Touchmark Bancshares owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Touchmark Bancshares exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchmark Bancshares' Coefficient Of Variation of (924.04), risk adjusted performance of (0.07), and Variance of 1.86 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, Touchmark Bancshares' returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchmark Bancshares is expected to be smaller as well. At this point, Touchmark Bancshares has a negative expected return of -0.17%. Please make sure to validate Touchmark Bancshares' treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Touchmark Bancshares performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Touchmark Bancshares has below average predictability. Overlapping area represents the amount of predictability between Touchmark Bancshares time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Touchmark Bancshares price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Touchmark Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Touchmark Bancshares lagged returns against current returns
Autocorrelation, which is Touchmark Bancshares pink sheet'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 Touchmark Bancshares' pink sheet expected returns. We can calculate the autocorrelation of Touchmark Bancshares returns to help us make a trade decision. For example, suppose you find that Touchmark Bancshares has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Touchmark Bancshares 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 Touchmark Bancshares pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchmark Bancshares pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touchmark Bancshares pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Touchmark Bancshares Lagged Returns
When evaluating Touchmark Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchmark Bancshares pink sheet have on its future price. Touchmark Bancshares 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, Touchmark Bancshares autocorrelation shows the relationship between Touchmark Bancshares pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Touchmark Bancshares.
Regressed Prices |
| Timeline |
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Touchmark Bancshares financial ratios help investors to determine whether Touchmark Pink Sheet 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 Touchmark with respect to the benefits of owning Touchmark Bancshares security.