TQM Public (Thailand) Market Value
| TQM Stock | 24.40 0.10 0.41% |
| Symbol | TQM |
TQM Public '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 TQM Public'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 TQM Public.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in TQM Public on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding TQM Public or generate 0.0% return on investment in TQM Public over 210 days. TQM Public is related to or competes with Com7 PCL, Srisawad Power, Carabao Group, TISCO Financial, and JMT Network. More
TQM Public 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 TQM Public'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 TQM Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 24.16 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 4.5 |
TQM Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TQM Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TQM Public's standard deviation. In reality, there are many statistical measures that can use TQM Public historical prices to predict the future TQM Public's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.7109 |
TQM Public Backtested Returns
TQM Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0448, which indicates the firm had a -0.0448% return per unit of standard deviation over the last 3 months. TQM Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TQM Public's variance of 9.57, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TQM Public are expected to decrease at a much lower rate. During the bear market, TQM Public is likely to outperform the market. At this point, TQM Public has a negative expected return of -0.14%. Please make sure to validate TQM Public's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if TQM Public performance from the past will be repeated at some future point.
Auto-correlation | -0.27 |
Weak reverse predictability
TQM Public has weak reverse predictability. Overlapping area represents the amount of predictability between TQM Public time series from 16th of May 2024 to 29th of August 2024 and 29th of August 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 TQM Public price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current TQM Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 5.16 |
TQM Public lagged returns against current returns
Autocorrelation, which is TQM Public 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 TQM Public's stock expected returns. We can calculate the autocorrelation of TQM Public returns to help us make a trade decision. For example, suppose you find that TQM Public 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 |
TQM Public 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 TQM Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TQM Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TQM Public stock over time.
Current vs Lagged Prices |
| Timeline |
TQM Public Lagged Returns
When evaluating TQM Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TQM Public stock have on its future price. TQM Public 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, TQM Public autocorrelation shows the relationship between TQM Public stock current value and its past values and can show if there is a momentum factor associated with investing in TQM Public.
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 TQM Stock
TQM Public financial ratios help investors to determine whether TQM 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 TQM with respect to the benefits of owning TQM Public security.