Picomat Plastic (Vietnam) Market Value
| PCH Stock | 12,600 100.00 0.80% |
| Symbol | Picomat |
Please note, there is a significant difference between Picomat Plastic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Picomat Plastic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Picomat Plastic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Picomat Plastic '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 Picomat Plastic'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 Picomat Plastic.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Picomat Plastic on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Picomat Plastic JSC or generate 0.0% return on investment in Picomat Plastic over 180 days. Picomat Plastic is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Picomat Plastic 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 Picomat Plastic'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 Picomat Plastic JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.0809 | |||
| Maximum Drawdown | 9.77 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 2.54 |
Picomat Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Picomat Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Picomat Plastic's standard deviation. In reality, there are many statistical measures that can use Picomat Plastic historical prices to predict the future Picomat Plastic's volatility.| Risk Adjusted Performance | 0.1385 | |||
| Jensen Alpha | 0.2228 | |||
| Total Risk Alpha | 0.0141 | |||
| Sortino Ratio | 0.0647 | |||
| Treynor Ratio | 2.64 |
Picomat Plastic JSC Backtested Returns
Picomat Plastic appears to be very steady, given 3 months investment horizon. Picomat Plastic JSC 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. We have found twenty-nine technical indicators for Picomat Plastic JSC, which you can use to evaluate the volatility of the company. Please evaluate Picomat Plastic's Semi Deviation of 1.09, risk adjusted performance of 0.1385, and Coefficient Of Variation of 572.12 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Picomat Plastic holds a performance score of 11. The company holds a Beta of 0.0885, which implies not very significant fluctuations relative to the market. As returns on the market increase, Picomat Plastic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Picomat Plastic is expected to be smaller as well. Please check Picomat Plastic's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Picomat Plastic's historical price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Picomat Plastic JSC has very weak reverse predictability. Overlapping area represents the amount of predictability between Picomat Plastic time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Picomat Plastic JSC price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Picomat Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 137.5 K |
Picomat Plastic JSC lagged returns against current returns
Autocorrelation, which is Picomat Plastic 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 Picomat Plastic's stock expected returns. We can calculate the autocorrelation of Picomat Plastic returns to help us make a trade decision. For example, suppose you find that Picomat Plastic 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 |
Picomat Plastic 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 Picomat Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Picomat Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Picomat Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Picomat Plastic Lagged Returns
When evaluating Picomat Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Picomat Plastic stock have on its future price. Picomat Plastic 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, Picomat Plastic autocorrelation shows the relationship between Picomat Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Picomat Plastic JSC.
Regressed Prices |
| Timeline |
Pair Trading with Picomat Plastic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Picomat Plastic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Picomat Plastic will appreciate offsetting losses from the drop in the long position's value.Moving against Picomat Stock
| 0.74 | APG | APG Securities Joint | PairCorr |
| 0.65 | AME | Alphanam ME | PairCorr |
| 0.65 | ABS | Binhthuan Agriculture | PairCorr |
| 0.59 | AAA | An Phat Plastic | PairCorr |
| 0.52 | ADS | Damsan JSC | PairCorr |
The ability to find closely correlated positions to Picomat Plastic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Picomat Plastic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Picomat Plastic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Picomat Plastic JSC to buy it.
The correlation of Picomat Plastic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Picomat Plastic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Picomat Plastic JSC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Picomat Plastic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Picomat Stock
Picomat Plastic financial ratios help investors to determine whether Picomat 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 Picomat with respect to the benefits of owning Picomat Plastic security.