PCS Machine (Thailand) Market Value
| PCSGH Stock | THB 4.32 0.04 0.93% |
| Symbol | PCS |
PCS Machine '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 PCS Machine'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 PCS Machine.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in PCS Machine on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding PCS Machine Group or generate 0.0% return on investment in PCS Machine over 270 days. PCS Machine is related to or competes with SCB X, Kasikornbank Public, PTT Public, Kasikornbank Public, Siam Commercial, PTT Public, and Bangkok Bank. Machine Group Holding Public Company Limited manufactures and sells automotive parts and electronic products in Asia, Eu... More
PCS Machine 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 PCS Machine'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 PCS Machine Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.32 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 1.81 |
PCS Machine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PCS Machine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PCS Machine's standard deviation. In reality, there are many statistical measures that can use PCS Machine historical prices to predict the future PCS Machine's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (3.75) |
PCS Machine Group Backtested Returns
PCS Machine is out of control given 3 months investment horizon. PCS Machine Group maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the company had a 0.11% return per unit of standard deviation over the last 3 months. We have analyzed twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.18% are justified by taking the suggested risk. Use PCS Machine Market Risk Adjusted Performance of (3.74), variance of 1.09, and Mean Deviation of 0.7077 to evaluate company specific risk that cannot be diversified away. PCS Machine holds a performance score of 8 on a scale of zero to a hundred. The firm holds a Beta of 0.0249, which implies not very significant fluctuations relative to the market. As returns on the market increase, PCS Machine's returns are expected to increase less than the market. However, during the bear market, the loss of holding PCS Machine is expected to be smaller as well. Use PCS Machine kurtosis, as well as the relationship between the day median price and period momentum indicator , to analyze future returns on PCS Machine.
Auto-correlation | -0.03 |
Very weak reverse predictability
PCS Machine Group has very weak reverse predictability. Overlapping area represents the amount of predictability between PCS Machine time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 PCS Machine Group price movement. The serial correlation of -0.03 indicates that only 3.0% of current PCS Machine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
PCS Machine Group lagged returns against current returns
Autocorrelation, which is PCS Machine 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 PCS Machine's stock expected returns. We can calculate the autocorrelation of PCS Machine returns to help us make a trade decision. For example, suppose you find that PCS Machine 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 |
PCS Machine 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 PCS Machine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PCS Machine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PCS Machine stock over time.
Current vs Lagged Prices |
| Timeline |
PCS Machine Lagged Returns
When evaluating PCS Machine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PCS Machine stock have on its future price. PCS Machine 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, PCS Machine autocorrelation shows the relationship between PCS Machine stock current value and its past values and can show if there is a momentum factor associated with investing in PCS Machine Group.
Regressed Prices |
| Timeline |
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PCS Machine financial ratios help investors to determine whether PCS 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 PCS with respect to the benefits of owning PCS Machine security.