Prime Road (Thailand) Market Value
| PRIME Stock | THB 0.22 0.01 4.76% |
| Symbol | Prime |
Prime Road '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 Prime Road'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 Prime Road.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Prime Road on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Prime Road Power or generate 0.0% return on investment in Prime Road over 90 days. Prime Road is related to or competes with Absolute Clean, TPI Polene, CK Power, Thai Metal, Country Group, SPCG Public, and Heng Leasing. Prime Road Power Public Company Limited engages in the generation and distribution of electricity from solar energy in T... More
Prime Road 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 Prime Road'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 Prime Road Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.59 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 39.92 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 9.68 |
Prime Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Road's standard deviation. In reality, there are many statistical measures that can use Prime Road historical prices to predict the future Prime Road's volatility.| Risk Adjusted Performance | 0.0241 | |||
| Jensen Alpha | 0.2746 | |||
| Total Risk Alpha | (0.80) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prime Road's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prime Road Power Backtested Returns
Prime Road is out of control given 3 months investment horizon. Prime Road Power maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.31% are justified by taking the suggested risk. Use Prime Road Coefficient Of Variation of 4954.77, semi deviation of 4.24, and Risk Adjusted Performance of 0.0241 to evaluate company specific risk that cannot be diversified away. Prime Road holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -1.4, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Prime Road are expected to decrease by larger amounts. On the other hand, during market turmoil, Prime Road is expected to outperform it. Use Prime Road total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Prime Road.
Auto-correlation | -0.38 |
Poor reverse predictability
Prime Road Power has poor reverse predictability. Overlapping area represents the amount of predictability between Prime Road time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Prime Road Power price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Prime Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prime Road Power lagged returns against current returns
Autocorrelation, which is Prime Road 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 Prime Road's stock expected returns. We can calculate the autocorrelation of Prime Road returns to help us make a trade decision. For example, suppose you find that Prime Road 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 |
Prime Road 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 Prime Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Road stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Road Lagged Returns
When evaluating Prime Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Road stock have on its future price. Prime Road 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, Prime Road autocorrelation shows the relationship between Prime Road stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Road Power.
Regressed Prices |
| Timeline |
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Prime Road financial ratios help investors to determine whether Prime 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 Prime with respect to the benefits of owning Prime Road security.