President Automobile (Thailand) Market Value
| PACO Stock | THB 1.43 0.01 0.69% |
| Symbol | President |
President Automobile '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 President Automobile'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 President Automobile.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in President Automobile on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding President Automobile Industries or generate 0.0% return on investment in President Automobile over 90 days. President Automobile is related to or competes with Phol Dhanya, PTT Oil, Pico Public, and Pioneer. President Automobile Industries Public Company Limited produces and distributes replacement automotive air conditioner s... More
President Automobile 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 President Automobile'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 President Automobile Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.1453 | |||
| Maximum Drawdown | 7.31 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 2.92 |
President Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for President Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as President Automobile's standard deviation. In reality, there are many statistical measures that can use President Automobile historical prices to predict the future President Automobile's volatility.| Risk Adjusted Performance | 0.068 | |||
| Jensen Alpha | 0.0848 | |||
| Total Risk Alpha | 0.2657 | |||
| Sortino Ratio | 0.1716 | |||
| Treynor Ratio | (1.36) |
President Automobile Backtested Returns
As of now, President Stock is unstable. President Automobile maintains Sharpe Ratio (i.e., Efficiency) of 0.0738, which implies the firm had a 0.0738 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for President Automobile, which you can use to evaluate the volatility of the company. Please check President Automobile's Semi Deviation of 0.8145, risk adjusted performance of 0.068, and Coefficient Of Variation of 1355.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. President Automobile has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.0679, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning President Automobile are expected to decrease at a much lower rate. During the bear market, President Automobile is likely to outperform the market. President Automobile right now holds a risk of 1.39%. Please check President Automobile downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if President Automobile will be following its historical price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
President Automobile Industries has insignificant predictability. Overlapping area represents the amount of predictability between President Automobile time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 President Automobile price movement. The serial correlation of 0.13 indicates that less than 13.0% of current President Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
President Automobile lagged returns against current returns
Autocorrelation, which is President Automobile 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 President Automobile's stock expected returns. We can calculate the autocorrelation of President Automobile returns to help us make a trade decision. For example, suppose you find that President Automobile 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 |
President Automobile 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 President Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if President Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in President Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
President Automobile Lagged Returns
When evaluating President Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of President Automobile stock have on its future price. President Automobile 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, President Automobile autocorrelation shows the relationship between President Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in President Automobile Industries.
Regressed Prices |
| Timeline |
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President Automobile financial ratios help investors to determine whether President 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 President with respect to the benefits of owning President Automobile security.