PPG INDUSTRIES (Germany) Market Value
| PPQ Stock | EUR 116.50 2.40 2.10% |
| Symbol | PPG |
PPG INDUSTRIES '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 PPG INDUSTRIES'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 PPG INDUSTRIES.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in PPG INDUSTRIES on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding PPG INDUSTRIES or generate 0.0% return on investment in PPG INDUSTRIES over 30 days. PPG INDUSTRIES is related to or competes with TRAINLINE PLC, Yuexiu Transport, Coeur Mining, Broadwind, Perseus Mining, and COPLAND ROAD. More
PPG INDUSTRIES 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 PPG INDUSTRIES'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 PPG INDUSTRIES upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.1 |
PPG INDUSTRIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PPG INDUSTRIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PPG INDUSTRIES's standard deviation. In reality, there are many statistical measures that can use PPG INDUSTRIES historical prices to predict the future PPG INDUSTRIES's volatility.| Risk Adjusted Performance | 0.0152 | |||
| Jensen Alpha | 0.0041 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0417 |
PPG INDUSTRIES Backtested Returns
Currently, PPG INDUSTRIES is very steady. PPG INDUSTRIES maintains Sharpe Ratio (i.e., Efficiency) of 0.0134, which implies the firm had a 0.0134 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for PPG INDUSTRIES, which you can use to evaluate the volatility of the company. Please check PPG INDUSTRIES's risk adjusted performance of 0.0152, and Semi Deviation of 1.24 to confirm if the risk estimate we provide is consistent with the expected return of 0.0164%. PPG INDUSTRIES has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, PPG INDUSTRIES's returns are expected to increase less than the market. However, during the bear market, the loss of holding PPG INDUSTRIES is expected to be smaller as well. PPG INDUSTRIES currently holds a risk of 1.23%. Please check PPG INDUSTRIES jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if PPG INDUSTRIES will be following its historical price patterns.
Auto-correlation | 0.18 |
Very weak predictability
PPG INDUSTRIES has very weak predictability. Overlapping area represents the amount of predictability between PPG INDUSTRIES time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 PPG INDUSTRIES price movement. The serial correlation of 0.18 indicates that over 18.0% of current PPG INDUSTRIES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
PPG INDUSTRIES lagged returns against current returns
Autocorrelation, which is PPG INDUSTRIES 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 PPG INDUSTRIES's stock expected returns. We can calculate the autocorrelation of PPG INDUSTRIES returns to help us make a trade decision. For example, suppose you find that PPG INDUSTRIES 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 |
PPG INDUSTRIES 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 PPG INDUSTRIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PPG INDUSTRIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PPG INDUSTRIES stock over time.
Current vs Lagged Prices |
| Timeline |
PPG INDUSTRIES Lagged Returns
When evaluating PPG INDUSTRIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PPG INDUSTRIES stock have on its future price. PPG INDUSTRIES 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, PPG INDUSTRIES autocorrelation shows the relationship between PPG INDUSTRIES stock current value and its past values and can show if there is a momentum factor associated with investing in PPG INDUSTRIES.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for PPG Stock Analysis
When running PPG INDUSTRIES's price analysis, check to measure PPG INDUSTRIES's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PPG INDUSTRIES is operating at the current time. Most of PPG INDUSTRIES's value examination focuses on studying past and present price action to predict the probability of PPG INDUSTRIES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PPG INDUSTRIES's price. Additionally, you may evaluate how the addition of PPG INDUSTRIES to your portfolios can decrease your overall portfolio volatility.