TQM PORATION (Thailand) Market Value
| TQM-R Stock | THB 25.00 0.83 3.21% |
| Symbol | TQM |
TQM PORATION '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 PORATION'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 PORATION.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in TQM PORATION on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding TQM PORATION or generate 0.0% return on investment in TQM PORATION over 30 days. TQM PORATION is related to or competes with Arrow Syndicate, BGT Public, AIRA Capital, Union Auction, and ASIA Capital. TQM Corporation Public Company Limited engages in the insurance brokerage business in Thailand More
TQM PORATION 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 PORATION'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 PORATION upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.97 |
TQM PORATION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TQM PORATION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TQM PORATION's standard deviation. In reality, there are many statistical measures that can use TQM PORATION historical prices to predict the future TQM PORATION's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.4315 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TQM PORATION's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TQM PORATION Backtested Returns
TQM PORATION owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0425, which indicates the firm had a -0.0425% return per unit of standard deviation over the last 3 months. TQM PORATION exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TQM PORATION's variance of 0.2184, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.0667, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TQM PORATION are expected to decrease at a much lower rate. During the bear market, TQM PORATION is likely to outperform the market. TQM PORATION has an expected return of -0.021%. Please make sure to validate TQM PORATION kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if TQM PORATION performance from the past will be repeated at some future point.
Auto-correlation | 1.00 |
Perfect predictability
TQM PORATION has perfect predictability. Overlapping area represents the amount of predictability between TQM PORATION time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 PORATION price movement. The serial correlation of 1.0 indicates that 100.0% of current TQM PORATION price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TQM PORATION lagged returns against current returns
Autocorrelation, which is TQM PORATION 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 PORATION's stock expected returns. We can calculate the autocorrelation of TQM PORATION returns to help us make a trade decision. For example, suppose you find that TQM PORATION 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 PORATION 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 PORATION stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TQM PORATION stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TQM PORATION stock over time.
Current vs Lagged Prices |
| Timeline |
TQM PORATION Lagged Returns
When evaluating TQM PORATION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TQM PORATION stock have on its future price. TQM PORATION 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 PORATION autocorrelation shows the relationship between TQM PORATION stock current value and its past values and can show if there is a momentum factor associated with investing in TQM PORATION.
Regressed Prices |
| Timeline |
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Check out TQM PORATION Correlation, TQM PORATION Volatility and TQM PORATION Alpha and Beta module to complement your research on TQM PORATION. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for TQM Stock analysis
When running TQM PORATION's price analysis, check to measure TQM PORATION's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TQM PORATION is operating at the current time. Most of TQM PORATION's value examination focuses on studying past and present price action to predict the probability of TQM PORATION's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TQM PORATION's price. Additionally, you may evaluate how the addition of TQM PORATION to your portfolios can decrease your overall portfolio volatility.
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TQM PORATION technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.