Premier Technology (Thailand) Market Value
| PT Stock | THB 9.45 0.05 0.53% |
| Symbol | Premier |
Premier Technology '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 Premier Technology'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 Premier Technology.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Premier Technology on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Premier Technology Public or generate 0.0% return on investment in Premier Technology over 240 days. Premier Technology is related to or competes with KCE Electronics, Land, Delta Electronics, Siam Cement, and Bangkok Bank. Premier Technology Public Company Limited, through its subsidiary, Datapro Computer Systems Company Limited, distributes... More
Premier Technology 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 Premier Technology'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 Premier Technology Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.25 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.57 |
Premier Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier Technology's standard deviation. In reality, there are many statistical measures that can use Premier Technology historical prices to predict the future Premier Technology's volatility.| Risk Adjusted Performance | 0.1071 | |||
| Jensen Alpha | 0.128 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.80) |
Premier Technology Public Backtested Returns
Premier Technology is out of control given 3 months investment horizon. Premier Technology 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. We have analyzed twenty-eight different technical indicators, which can help you to evaluate if expected returns of 15.97% are justified by taking the suggested risk. Use Premier Technology Semi Deviation of 0.4625, coefficient of variation of 721.74, and Risk Adjusted Performance of 0.1071 to evaluate company specific risk that cannot be diversified away. Premier Technology holds a performance score of 9 on a scale of zero to a hundred. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Premier Technology are expected to decrease at a much lower rate. During the bear market, Premier Technology is likely to outperform the market. Use Premier Technology information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to analyze future returns on Premier Technology.
Auto-correlation | 0.45 |
Average predictability
Premier Technology Public has average predictability. Overlapping area represents the amount of predictability between Premier Technology time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 Premier Technology Public price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Premier Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Premier Technology Public lagged returns against current returns
Autocorrelation, which is Premier Technology 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 Premier Technology's stock expected returns. We can calculate the autocorrelation of Premier Technology returns to help us make a trade decision. For example, suppose you find that Premier Technology 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 |
Premier Technology 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 Premier Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Premier Technology Lagged Returns
When evaluating Premier Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier Technology stock have on its future price. Premier Technology 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, Premier Technology autocorrelation shows the relationship between Premier Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Premier Technology Public.
Regressed Prices |
| Timeline |
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Premier Technology financial ratios help investors to determine whether Premier 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 Premier with respect to the benefits of owning Premier Technology security.