PINTHONG INDUSTRIAL (Thailand) Market Value
| PIN Stock | 6.30 0.20 3.28% |
| Symbol | PINTHONG |
PINTHONG INDUSTRIAL '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 PINTHONG INDUSTRIAL'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 PINTHONG INDUSTRIAL.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in PINTHONG INDUSTRIAL on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding PINTHONG INDUSTRIAL PARK or generate 0.0% return on investment in PINTHONG INDUSTRIAL over 30 days. PINTHONG INDUSTRIAL is related to or competes with Platinum, Property Perfect, Siamese Asset, and Assetwise Public. More
PINTHONG INDUSTRIAL 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 PINTHONG INDUSTRIAL'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 PINTHONG INDUSTRIAL PARK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0871 | |||
| Maximum Drawdown | 24.13 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 6.56 |
PINTHONG INDUSTRIAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PINTHONG INDUSTRIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PINTHONG INDUSTRIAL's standard deviation. In reality, there are many statistical measures that can use PINTHONG INDUSTRIAL historical prices to predict the future PINTHONG INDUSTRIAL's volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | 0.4008 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1194 | |||
| Treynor Ratio | 1.22 |
PINTHONG INDUSTRIAL PARK Backtested Returns
PINTHONG INDUSTRIAL appears to be slightly risky, given 3 months investment horizon. PINTHONG INDUSTRIAL PARK maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of volatility over the last 3 months. By inspecting PINTHONG INDUSTRIAL's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please evaluate PINTHONG INDUSTRIAL's semi deviation of 2.27, and Risk Adjusted Performance of 0.1031 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PINTHONG INDUSTRIAL holds a performance score of 10. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PINTHONG INDUSTRIAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding PINTHONG INDUSTRIAL is expected to be smaller as well. Please check PINTHONG INDUSTRIAL's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether PINTHONG INDUSTRIAL's historical price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
PINTHONG INDUSTRIAL PARK has virtually no predictability. Overlapping area represents the amount of predictability between PINTHONG INDUSTRIAL time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 PINTHONG INDUSTRIAL PARK price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current PINTHONG INDUSTRIAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PINTHONG INDUSTRIAL PARK lagged returns against current returns
Autocorrelation, which is PINTHONG INDUSTRIAL 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 PINTHONG INDUSTRIAL's stock expected returns. We can calculate the autocorrelation of PINTHONG INDUSTRIAL returns to help us make a trade decision. For example, suppose you find that PINTHONG INDUSTRIAL 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 |
PINTHONG INDUSTRIAL 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 PINTHONG INDUSTRIAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PINTHONG INDUSTRIAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PINTHONG INDUSTRIAL stock over time.
Current vs Lagged Prices |
| Timeline |
PINTHONG INDUSTRIAL Lagged Returns
When evaluating PINTHONG INDUSTRIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PINTHONG INDUSTRIAL stock have on its future price. PINTHONG INDUSTRIAL 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, PINTHONG INDUSTRIAL autocorrelation shows the relationship between PINTHONG INDUSTRIAL stock current value and its past values and can show if there is a momentum factor associated with investing in PINTHONG INDUSTRIAL PARK.
Regressed Prices |
| Timeline |
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PINTHONG INDUSTRIAL financial ratios help investors to determine whether PINTHONG 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 PINTHONG with respect to the benefits of owning PINTHONG INDUSTRIAL security.