President Automobile (Thailand) Market Value
| PACO Stock | THB 1.39 0.01 0.71% |
| Symbol | President |
President Automobile '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 President Automobile'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 President Automobile.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in President Automobile on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding President Automobile Industries or generate 0.0% return on investment in President Automobile over 30 days. President Automobile is related to or competes with Phol Dhanya, PTT Oil, Pico Public, and Pioneer. President Automobile Industries Public Company Limited produces and distributes replacement automotive air conditioner s... More
President Automobile 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 President Automobile'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 President Automobile Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 1.48 |
President Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for President Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as President Automobile's standard deviation. In reality, there are many statistical measures that can use President Automobile historical prices to predict the future President Automobile's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (4.47) |
President Automobile Backtested Returns
President Automobile maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. President Automobile exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check President Automobile's Coefficient Of Variation of (921.85), variance of 1.81, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of 0.0349, which implies not very significant fluctuations relative to the market. As returns on the market increase, President Automobile's returns are expected to increase less than the market. However, during the bear market, the loss of holding President Automobile is expected to be smaller as well. At this point, President Automobile has a negative expected return of -0.19%. Please make sure to check President Automobile's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if President Automobile performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
President Automobile Industries has almost perfect reverse predictability. Overlapping area represents the amount of predictability between President Automobile time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 President Automobile price movement. The serial correlation of -0.74 indicates that around 74.0% of current President Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
President Automobile lagged returns against current returns
Autocorrelation, which is President Automobile 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 President Automobile's stock expected returns. We can calculate the autocorrelation of President Automobile returns to help us make a trade decision. For example, suppose you find that President Automobile 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 |
President Automobile 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 President Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if President Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in President Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
President Automobile Lagged Returns
When evaluating President Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of President Automobile stock have on its future price. President Automobile 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, President Automobile autocorrelation shows the relationship between President Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in President Automobile Industries.
Regressed Prices |
| Timeline |
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President Automobile financial ratios help investors to determine whether President 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 President with respect to the benefits of owning President Automobile security.