Patkol Public (Thailand) Market Value
| PK Stock | THB 0.57 0.00 0.00% |
| Symbol | Patkol |
Patkol Public '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 Patkol Public'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 Patkol Public.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Patkol Public on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Patkol Public or generate 0.0% return on investment in Patkol Public over 480 days. Patkol Public is related to or competes with Permsin Steel, Power Line, Peoples Garment, and Chukai Public. Patkol Public Company Limited, together with its subsidiaries, trades in and services various engineering products in Th... More
Patkol Public 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 Patkol Public'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 Patkol Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 19.03 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 3.64 |
Patkol Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patkol Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patkol Public's standard deviation. In reality, there are many statistical measures that can use Patkol Public historical prices to predict the future Patkol Public's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (0.70) |
Patkol Public Backtested Returns
Patkol Public maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Patkol Public exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Patkol Public's Variance of 9.22, risk adjusted performance of (0.09), and Coefficient Of Variation of (743.45) to confirm the risk estimate we provide. The company holds a Beta of 0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Patkol Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Patkol Public is expected to be smaller as well. At this point, Patkol Public has a negative expected return of -0.51%. Please make sure to check Patkol Public's kurtosis, as well as the relationship between the day median price and relative strength index , to decide if Patkol Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Patkol Public has virtually no predictability. Overlapping area represents the amount of predictability between Patkol Public time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Patkol Public price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Patkol Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Patkol Public lagged returns against current returns
Autocorrelation, which is Patkol Public 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 Patkol Public's stock expected returns. We can calculate the autocorrelation of Patkol Public returns to help us make a trade decision. For example, suppose you find that Patkol Public 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 |
Patkol Public 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 Patkol Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patkol Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patkol Public stock over time.
Current vs Lagged Prices |
| Timeline |
Patkol Public Lagged Returns
When evaluating Patkol Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patkol Public stock have on its future price. Patkol Public 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, Patkol Public autocorrelation shows the relationship between Patkol Public stock current value and its past values and can show if there is a momentum factor associated with investing in Patkol Public.
Regressed Prices |
| Timeline |
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Patkol Public financial ratios help investors to determine whether Patkol 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 Patkol with respect to the benefits of owning Patkol Public security.