Pacific Pipe (Thailand) Market Value
| PAP Stock | THB 1.77 0.01 0.57% |
| Symbol | Pacific |
Pacific Pipe '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 Pacific Pipe'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 Pacific Pipe.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pacific Pipe on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Pipe Public or generate 0.0% return on investment in Pacific Pipe over 30 days. Pacific Pipe is related to or competes with 2S Metal, AAPICO Hitech, and AJ Plast. Pacific Pipe Public Company Limited, together with its subsidiaries, manufactures and distributes steel pipes for constr... More
Pacific Pipe 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 Pacific Pipe'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 Pacific Pipe Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0142 | |||
| Maximum Drawdown | 38.07 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 4.4 |
Pacific Pipe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Pipe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Pipe's standard deviation. In reality, there are many statistical measures that can use Pacific Pipe historical prices to predict the future Pacific Pipe's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.1782 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.021 | |||
| Treynor Ratio | 3.91 |
Pacific Pipe Public Backtested Returns
As of now, Pacific Stock is dangerous. Pacific Pipe Public maintains Sharpe Ratio (i.e., Efficiency) of 0.0135, which implies the firm had a 0.0135% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pacific Pipe Public, which you can use to evaluate the volatility of the company. Please check Pacific Pipe's Risk Adjusted Performance of 0.0415, semi deviation of 2.02, and Coefficient Of Variation of 2304.3 to confirm if the risk estimate we provide is consistent with the expected return of 0.0611%. Pacific Pipe has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.047, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pacific Pipe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacific Pipe is expected to be smaller as well. Pacific Pipe Public right now holds a risk of 4.52%. Please check Pacific Pipe Public semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Pacific Pipe Public will be following its historical price patterns.
Auto-correlation | 0.60 |
Good predictability
Pacific Pipe Public has good predictability. Overlapping area represents the amount of predictability between Pacific Pipe time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Pacific Pipe Public price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Pacific Pipe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pacific Pipe Public lagged returns against current returns
Autocorrelation, which is Pacific Pipe 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 Pacific Pipe's stock expected returns. We can calculate the autocorrelation of Pacific Pipe returns to help us make a trade decision. For example, suppose you find that Pacific Pipe 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 |
Pacific Pipe 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 Pacific Pipe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Pipe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Pipe stock over time.
Current vs Lagged Prices |
| Timeline |
Pacific Pipe Lagged Returns
When evaluating Pacific Pipe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Pipe stock have on its future price. Pacific Pipe 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, Pacific Pipe autocorrelation shows the relationship between Pacific Pipe stock current value and its past values and can show if there is a momentum factor associated with investing in Pacific Pipe Public.
Regressed Prices |
| Timeline |
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Pacific Pipe financial ratios help investors to determine whether Pacific 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 Pacific with respect to the benefits of owning Pacific Pipe security.