Patrangsit Healthcare (Thailand) Market Value
| PHG Stock | 15.50 0.10 0.64% |
| Symbol | Patrangsit |
Patrangsit Healthcare '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 Patrangsit Healthcare'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 Patrangsit Healthcare.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Patrangsit Healthcare on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Patrangsit Healthcare Group or generate 0.0% return on investment in Patrangsit Healthcare over 480 days.
Patrangsit Healthcare 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 Patrangsit Healthcare'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 Patrangsit Healthcare Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.5 |
Patrangsit Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patrangsit Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Patrangsit Healthcare's standard deviation. In reality, there are many statistical measures that can use Patrangsit Healthcare historical prices to predict the future Patrangsit Healthcare's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 1.98 |
Patrangsit Healthcare Backtested Returns
Patrangsit Healthcare maintains Sharpe Ratio (i.e., Efficiency) of -0.062, which implies the firm had a -0.062% return per unit of risk over the last 3 months. Patrangsit Healthcare exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Patrangsit Healthcare's Coefficient Of Variation of (5,538), variance of 2.29, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of -0.0188, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Patrangsit Healthcare are expected to decrease at a much lower rate. During the bear market, Patrangsit Healthcare is likely to outperform the market. At this point, Patrangsit Healthcare has a negative expected return of -0.0917%. Please make sure to check Patrangsit Healthcare's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Patrangsit Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Patrangsit Healthcare Group has virtually no predictability. Overlapping area represents the amount of predictability between Patrangsit Healthcare time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Patrangsit Healthcare price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Patrangsit Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
Patrangsit Healthcare lagged returns against current returns
Autocorrelation, which is Patrangsit Healthcare 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 Patrangsit Healthcare's stock expected returns. We can calculate the autocorrelation of Patrangsit Healthcare returns to help us make a trade decision. For example, suppose you find that Patrangsit Healthcare 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 |
Patrangsit Healthcare 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 Patrangsit Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Patrangsit Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Patrangsit Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Patrangsit Healthcare Lagged Returns
When evaluating Patrangsit Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Patrangsit Healthcare stock have on its future price. Patrangsit Healthcare 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, Patrangsit Healthcare autocorrelation shows the relationship between Patrangsit Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Patrangsit Healthcare Group.
Regressed Prices |
| Timeline |
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