IRPC PCL's market value is the price at which a share of IRPC PCL trades on a public exchange. It measures the collective expectations of IRPC PCL NVDR investors about its performance. IRPC PCL is trading at 0.032 as of the 5th of January 2025. This is a 1.59% up since the beginning of the trading day. The stock's lowest day price was 0.032. With this module, you can estimate the performance of a buy and hold strategy of IRPC PCL NVDR and determine expected loss or profit from investing in IRPC PCL over a given investment horizon. Check out IRPC PCL Correlation, IRPC PCL Volatility and IRPC PCL Alpha and Beta module to complement your research on IRPC PCL.
Please note, there is a significant difference between IRPC PCL's value and its price as these two are different measures arrived at by different means. Investors typically determine if IRPC PCL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRPC PCL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
IRPC PCL '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 IRPC PCL'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 IRPC PCL.
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01/16/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/05/2025
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If you would invest 0.00 in IRPC PCL on January 16, 2023 and sell it all today you would earn a total of 0.00 from holding IRPC PCL NVDR or generate 0.0% return on investment in IRPC PCL over 720 days. IRPC PCL is related to or competes with Marathon Petroleum, NESTE OYJ, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. IRPC Public Company Limited, together with its subsidiaries, provides petroleum and petrochemical products in Thailand a... More
IRPC PCL 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 IRPC PCL'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 IRPC PCL NVDR 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 IRPC PCL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IRPC PCL's standard deviation. In reality, there are many statistical measures that can use IRPC PCL historical prices to predict the future IRPC PCL's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IRPC PCL. Your research has to be compared to or analyzed against IRPC PCL's peers to derive any actionable benefits. When done correctly, IRPC PCL's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in IRPC PCL NVDR.
IRPC PCL NVDR Backtested Returns
IRPC PCL NVDR holds Efficiency (Sharpe) Ratio of -0.3, which attests that the entity had a -0.3% return per unit of volatility over the last 3 months. IRPC PCL NVDR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IRPC PCL's risk adjusted performance of (0.27), and Market Risk Adjusted Performance of 3.98 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IRPC PCL are expected to decrease at a much lower rate. During the bear market, IRPC PCL is likely to outperform the market. At this point, IRPC PCL NVDR has a negative expected return of -0.47%. Please make sure to check out IRPC PCL's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if IRPC PCL NVDR performance from the past will be repeated at future time.
Auto-correlation
0.27
Poor predictability
IRPC PCL NVDR has poor predictability. Overlapping area represents the amount of predictability between IRPC PCL time series from 16th of January 2023 to 11th of January 2024 and 11th of January 2024 to 5th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IRPC PCL NVDR price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current IRPC PCL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.27
Spearman Rank Test
0.52
Residual Average
0.0
Price Variance
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IRPC PCL NVDR lagged returns against current returns
Autocorrelation, which is IRPC PCL 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 IRPC PCL's stock expected returns. We can calculate the autocorrelation of IRPC PCL returns to help us make a trade decision. For example, suppose you find that IRPC PCL 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
IRPC PCL 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 IRPC PCL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IRPC PCL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IRPC PCL stock over time.
Current vs Lagged Prices
Timeline
IRPC PCL Lagged Returns
When evaluating IRPC PCL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IRPC PCL stock have on its future price. IRPC PCL 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, IRPC PCL autocorrelation shows the relationship between IRPC PCL stock current value and its past values and can show if there is a momentum factor associated with investing in IRPC PCL NVDR .
IRPC PCL financial ratios help investors to determine whether IRPC 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 IRPC with respect to the benefits of owning IRPC PCL security.