Prodigy Public (Thailand) Market Value
| PDG Stock | THB 2.68 0.02 0.74% |
| Symbol | Prodigy |
Prodigy Public '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 Prodigy Public'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 Prodigy Public.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Prodigy Public on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Prodigy Public or generate 0.0% return on investment in Prodigy Public over 30 days. Prodigy Public is related to or competes with Kingsmen CMTI, Project Planning, Power Solution, Hydrotek Public, and Union Petrochemical. Prodigy Public Company Limited produces and distributes polyethylene terephthalate packaging products in Thailand More
Prodigy Public 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 Prodigy Public'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 Prodigy Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.36 |
Prodigy Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prodigy Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prodigy Public's standard deviation. In reality, there are many statistical measures that can use Prodigy Public historical prices to predict the future Prodigy Public's volatility.| Risk Adjusted Performance | 0.0475 | |||
| Jensen Alpha | 0.0667 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 3.34 |
Prodigy Public Backtested Returns
Prodigy Public is out of control given 3 months investment horizon. Prodigy Public maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 14.34% are justified by taking the suggested risk. Use Prodigy Public Coefficient Of Variation of 1782.9, risk adjusted performance of 0.0475, and Semi Deviation of 1.0 to evaluate company specific risk that cannot be diversified away. Prodigy Public holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of 0.0207, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prodigy Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prodigy Public is expected to be smaller as well. Use Prodigy Public treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Prodigy Public.
Auto-correlation | 0.15 |
Insignificant predictability
Prodigy Public has insignificant predictability. Overlapping area represents the amount of predictability between Prodigy Public time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Prodigy Public price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Prodigy Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prodigy Public lagged returns against current returns
Autocorrelation, which is Prodigy Public 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 Prodigy Public's stock expected returns. We can calculate the autocorrelation of Prodigy Public returns to help us make a trade decision. For example, suppose you find that Prodigy Public 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 |
Prodigy Public 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 Prodigy Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prodigy Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prodigy Public stock over time.
Current vs Lagged Prices |
| Timeline |
Prodigy Public Lagged Returns
When evaluating Prodigy Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prodigy Public stock have on its future price. Prodigy Public 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, Prodigy Public autocorrelation shows the relationship between Prodigy Public stock current value and its past values and can show if there is a momentum factor associated with investing in Prodigy Public.
Regressed Prices |
| Timeline |
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Prodigy Public financial ratios help investors to determine whether Prodigy 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 Prodigy with respect to the benefits of owning Prodigy Public security.