PTT Synergy's market value is the price at which a share of PTT Synergy trades on a public exchange. It measures the collective expectations of PTT Synergy Group investors about its performance. PTT Synergy is selling for 1.06 as of the 17th of December 2024. This is a 0.93 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.05. With this module, you can estimate the performance of a buy and hold strategy of PTT Synergy Group and determine expected loss or profit from investing in PTT Synergy over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
PTT
PTT Synergy '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 PTT Synergy'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 PTT Synergy.
0.00
11/17/2024
No Change 0.00
0.0
In 31 days
12/17/2024
0.00
If you would invest 0.00 in PTT Synergy on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding PTT Synergy Group or generate 0.0% return on investment in PTT Synergy over 30 days.
PTT Synergy 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 PTT Synergy'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 PTT Synergy Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for PTT Synergy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PTT Synergy's standard deviation. In reality, there are many statistical measures that can use PTT Synergy historical prices to predict the future PTT Synergy's volatility.
PTT Synergy Group maintains Sharpe Ratio (i.e., Efficiency) of -0.0183, which implies the firm had a -0.0183% return per unit of standard deviation over the last 3 months. PTT Synergy Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PTT Synergy's Market Risk Adjusted Performance of (0.18), risk adjusted performance of (0.01), and Coefficient Of Variation of (5,539) to confirm the risk estimate we provide. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, PTT Synergy's returns are expected to increase less than the market. However, during the bear market, the loss of holding PTT Synergy is expected to be smaller as well. At this point, PTT Synergy Group has a negative expected return of -0.0375%. Please make sure to check PTT Synergy's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if PTT Synergy Group performance from the past will be repeated at some future point.
Auto-correlation
0.85
Very good predictability
PTT Synergy Group has very good predictability. Overlapping area represents the amount of predictability between PTT Synergy time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 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 PTT Synergy Group price movement. The serial correlation of 0.85 indicates that around 85.0% of current PTT Synergy price fluctuation can be explain by its past prices.
Correlation Coefficient
0.85
Spearman Rank Test
0.27
Residual Average
0.0
Price Variance
0.0
PTT Synergy Group lagged returns against current returns
Autocorrelation, which is PTT Synergy 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 PTT Synergy's stock expected returns. We can calculate the autocorrelation of PTT Synergy returns to help us make a trade decision. For example, suppose you find that PTT Synergy 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
PTT Synergy 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 PTT Synergy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PTT Synergy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PTT Synergy stock over time.
Current vs Lagged Prices
Timeline
PTT Synergy Lagged Returns
When evaluating PTT Synergy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PTT Synergy stock have on its future price. PTT Synergy 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, PTT Synergy autocorrelation shows the relationship between PTT Synergy stock current value and its past values and can show if there is a momentum factor associated with investing in PTT Synergy Group.
Regressed Prices
Timeline
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