Principal Capital (Thailand) Market Value
| PRINC Stock | THB 3.02 0.02 0.67% |
| Symbol | Principal |
Principal Capital '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 Principal Capital'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 Principal Capital.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Principal Capital on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Principal Capital Public or generate 0.0% return on investment in Principal Capital over 720 days. Principal Capital is related to or competes with Bangkok Chain, Sikarin Public, Vibhavadi Medical, Plan B, and Chularat Hospital. Principal Capital Public Company Limited, together with its subsidiaries, engages in operating and managing private hosp... More
Principal Capital 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 Principal Capital'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 Principal Capital Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.18 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 1.7 |
Principal Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Principal Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Principal Capital's standard deviation. In reality, there are many statistical measures that can use Principal Capital historical prices to predict the future Principal Capital's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (1.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Principal Capital'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.
Principal Capital Public Backtested Returns
Principal Capital Public maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Principal Capital Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Principal Capital's Risk Adjusted Performance of (0.07), variance of 3.08, and Coefficient Of Variation of (1,029) to confirm the risk estimate we provide. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Principal Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Principal Capital is expected to be smaller as well. At this point, Principal Capital Public has a negative expected return of -0.23%. Please make sure to check Principal Capital's treynor ratio, as well as the relationship between the kurtosis and day median price , to decide if Principal Capital Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Principal Capital Public has good predictability. Overlapping area represents the amount of predictability between Principal Capital time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Principal Capital Public price movement. The serial correlation of 0.75 indicates that around 75.0% of current Principal Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Principal Capital Public lagged returns against current returns
Autocorrelation, which is Principal Capital 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 Principal Capital's stock expected returns. We can calculate the autocorrelation of Principal Capital returns to help us make a trade decision. For example, suppose you find that Principal Capital 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 |
Principal Capital 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 Principal Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Principal Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Principal Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Principal Capital Lagged Returns
When evaluating Principal Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Principal Capital stock have on its future price. Principal Capital 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, Principal Capital autocorrelation shows the relationship between Principal Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Principal Capital Public.
Regressed Prices |
| Timeline |
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Principal Capital financial ratios help investors to determine whether Principal 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 Principal with respect to the benefits of owning Principal Capital security.