PTT GLBL (Germany) Market Value
| GCB1 Stock | EUR 0.69 0.02 2.99% |
| Symbol | PTT |
PTT GLBL '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 PTT GLBL'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 PTT GLBL.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in PTT GLBL on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding PTT GLBL CHEM NVDR or generate 0.0% return on investment in PTT GLBL over 30 days. PTT GLBL is related to or competes with Singapore Airlines, Adtalem Global, SPORT LISBOA, EMBARK EDUCATION, Xinhua Winshare, Air Transport, and Grand Canyon. PTT Global Chemical Public Company Limited produces and distributes ethylene, propylene polyethylene, and biochemical pr... More
PTT GLBL 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 PTT GLBL'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 PTT GLBL CHEM NVDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 5.48 |
PTT GLBL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PTT GLBL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PTT GLBL's standard deviation. In reality, there are many statistical measures that can use PTT GLBL historical prices to predict the future PTT GLBL's volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.0325 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1907 |
PTT GLBL CHEM Backtested Returns
PTT GLBL CHEM maintains Sharpe Ratio (i.e., Efficiency) of -0.0036, which implies the firm had a -0.0036% return per unit of standard deviation over the last 3 months. PTT GLBL CHEM exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PTT GLBL's Semi Deviation of 1.95, risk adjusted performance of 0.0298, and Market Risk Adjusted Performance of 0.2007 to confirm the risk estimate we provide. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PTT GLBL's returns are expected to increase less than the market. However, during the bear market, the loss of holding PTT GLBL is expected to be smaller as well. At this point, PTT GLBL CHEM has a negative expected return of -0.0096%. Please make sure to check PTT GLBL's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if PTT GLBL CHEM performance from the past will be repeated at some future point.
Auto-correlation | 0.86 |
Very good predictability
PTT GLBL CHEM NVDR has very good predictability. Overlapping area represents the amount of predictability between PTT GLBL time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 PTT GLBL CHEM price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current PTT GLBL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PTT GLBL CHEM lagged returns against current returns
Autocorrelation, which is PTT GLBL 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 PTT GLBL's stock expected returns. We can calculate the autocorrelation of PTT GLBL returns to help us make a trade decision. For example, suppose you find that PTT GLBL 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 |
PTT GLBL 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 PTT GLBL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PTT GLBL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PTT GLBL stock over time.
Current vs Lagged Prices |
| Timeline |
PTT GLBL Lagged Returns
When evaluating PTT GLBL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PTT GLBL stock have on its future price. PTT GLBL 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, PTT GLBL autocorrelation shows the relationship between PTT GLBL stock current value and its past values and can show if there is a momentum factor associated with investing in PTT GLBL CHEM NVDR .
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PTT Stock
PTT GLBL financial ratios help investors to determine whether PTT 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 PTT with respect to the benefits of owning PTT GLBL security.