Professional Waste (Thailand) Market Value
Professional Waste's market value is the price at which a share of Professional Waste trades on a public exchange. It measures the collective expectations of Professional Waste Technology investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Professional Waste Technology and determine expected loss or profit from investing in Professional Waste over a given investment horizon. Check out Professional Waste Correlation, Professional Waste Volatility and Professional Waste Alpha and Beta module to complement your research on Professional Waste.
| Symbol | Professional |
Professional Waste '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 Professional Waste'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 Professional Waste.
| 10/24/2024 |
| 12/23/2024 |
If you would invest 0.00 in Professional Waste on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Professional Waste Technology or generate 0.0% return on investment in Professional Waste over 60 days. Professional Waste is related to or competes with Bhiraj Office, Communication System, Turnkey Communication, Asia Medical, and Sahamit Machinery. Professional Waste Technology Public Company Limited, together with its subsidiaries, provides industrial waste treatmen... More
Professional Waste 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 Professional Waste'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 Professional Waste Technology upside and downside potential and time the market with a certain degree of confidence.
Professional Waste Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Professional Waste's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Professional Waste's standard deviation. In reality, there are many statistical measures that can use Professional Waste historical prices to predict the future Professional Waste's volatility.Professional Waste Backtested Returns
Professional Waste maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We were able to break down and interpolate data for zero different technical indicators, which can help you to evaluate if expected returns of 13.33% are justified by taking the suggested risk. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Professional Waste are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Professional Waste Technology has no correlation between past and present. Overlapping area represents the amount of predictability between Professional Waste time series from 24th of October 2024 to 23rd of November 2024 and 23rd of November 2024 to 23rd 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 Professional Waste price movement. The serial correlation of 0.0 indicates that just 0.0% of current Professional Waste price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Professional Waste lagged returns against current returns
Autocorrelation, which is Professional Waste 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 Professional Waste's stock expected returns. We can calculate the autocorrelation of Professional Waste returns to help us make a trade decision. For example, suppose you find that Professional Waste 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 |
Professional Waste 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 Professional Waste stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Professional Waste stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Professional Waste stock over time.
Current vs Lagged Prices |
| Timeline |
Professional Waste Lagged Returns
When evaluating Professional Waste's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Professional Waste stock have on its future price. Professional Waste 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, Professional Waste autocorrelation shows the relationship between Professional Waste stock current value and its past values and can show if there is a momentum factor associated with investing in Professional Waste Technology.
Regressed Prices |
| Timeline |
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Professional Waste financial ratios help investors to determine whether Professional 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 Professional with respect to the benefits of owning Professional Waste security.