Pato Chemical (Thailand) Market Value
| PATO Stock | THB 8.60 0.05 0.58% |
| Symbol | Pato |
Pato Chemical '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 Pato Chemical'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 Pato Chemical.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Pato Chemical on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Pato Chemical Industry or generate 0.0% return on investment in Pato Chemical over 720 days. Pato Chemical is related to or competes with 2S Metal, AAPICO Hitech, and AJ Plast. Pato Chemical Industry Public Company Limited manufactures, imports, formulates, and distributes pesticides in Thailand More
Pato Chemical 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 Pato Chemical'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 Pato Chemical Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.16 |
Pato Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pato Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pato Chemical's standard deviation. In reality, there are many statistical measures that can use Pato Chemical historical prices to predict the future Pato Chemical's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.33) |
Pato Chemical Industry Backtested Returns
Pato Chemical Industry maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Pato Chemical Industry exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pato Chemical's Variance of 0.8113, coefficient of variation of (1,237), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pato Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pato Chemical is expected to be smaller as well. At this point, Pato Chemical Industry has a negative expected return of -0.13%. Please make sure to check Pato Chemical's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Pato Chemical Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Pato Chemical Industry has insignificant predictability. Overlapping area represents the amount of predictability between Pato Chemical time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Pato Chemical Industry price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Pato Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Pato Chemical Industry lagged returns against current returns
Autocorrelation, which is Pato Chemical 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 Pato Chemical's stock expected returns. We can calculate the autocorrelation of Pato Chemical returns to help us make a trade decision. For example, suppose you find that Pato Chemical 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 |
Pato Chemical 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 Pato Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pato Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pato Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Pato Chemical Lagged Returns
When evaluating Pato Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pato Chemical stock have on its future price. Pato Chemical 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, Pato Chemical autocorrelation shows the relationship between Pato Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Pato Chemical Industry.
Regressed Prices |
| Timeline |
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Pato Chemical financial ratios help investors to determine whether Pato 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 Pato with respect to the benefits of owning Pato Chemical security.