Pico Public (Thailand) Market Value
| PICO Stock | THB 3.58 0.24 7.19% |
| Symbol | Pico |
Pico 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 Pico 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 Pico Public.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Pico Public on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Pico Public or generate 0.0% return on investment in Pico Public over 510 days. Pico Public is related to or competes with Prodigy Public, Panjawattana Plastic, Phol Dhanya, Moong Pattana, and Kingsmen CMTI. Pico Public Company Limited primarily designs and fabricates exhibition booths for trade exhibition organizers, company ... More
Pico 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 Pico 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 Pico Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.05 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.05 |
Pico Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pico Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pico Public's standard deviation. In reality, there are many statistical measures that can use Pico Public historical prices to predict the future Pico Public's volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | 0.0278 | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.0332 |
Pico Public Backtested Returns
Pico Public is out of control given 3 months investment horizon. Pico 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 collect data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 14.52% are justified by taking the suggested risk. Use Pico Public Variance of 6.22, risk adjusted performance of 0.0067, and Coefficient Of Variation of (305,298) to evaluate company specific risk that cannot be diversified away. Pico Public holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pico Public are expected to decrease at a much lower rate. During the bear market, Pico Public is likely to outperform the market. Use Pico Public variance, jensen alpha, and the relationship between the standard deviation and information ratio , to analyze future returns on Pico Public.
Auto-correlation | 0.46 |
Average predictability
Pico Public has average predictability. Overlapping area represents the amount of predictability between Pico Public time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Pico Public price movement. The serial correlation of 0.46 indicates that about 46.0% of current Pico Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Pico Public lagged returns against current returns
Autocorrelation, which is Pico 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 Pico Public's stock expected returns. We can calculate the autocorrelation of Pico Public returns to help us make a trade decision. For example, suppose you find that Pico 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 |
Pico 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 Pico Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pico Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pico Public stock over time.
Current vs Lagged Prices |
| Timeline |
Pico Public Lagged Returns
When evaluating Pico Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pico Public stock have on its future price. Pico 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, Pico Public autocorrelation shows the relationship between Pico Public stock current value and its past values and can show if there is a momentum factor associated with investing in Pico Public.
Regressed Prices |
| Timeline |
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Pico Public financial ratios help investors to determine whether Pico 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 Pico with respect to the benefits of owning Pico Public security.