PLASTIC INDUSTRY (Mauritius) Market Value
| PIM Stock | 43.50 0.75 1.75% |
| Symbol | PLASTIC |
PLASTIC INDUSTRY '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 PLASTIC INDUSTRY'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 PLASTIC INDUSTRY.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in PLASTIC INDUSTRY on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding PLASTIC INDUSTRY LTD or generate 0.0% return on investment in PLASTIC INDUSTRY over 690 days.
PLASTIC INDUSTRY 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 PLASTIC INDUSTRY'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 PLASTIC INDUSTRY LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.42 | |||
| Information Ratio | 0.071 | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 4.62 |
PLASTIC INDUSTRY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PLASTIC INDUSTRY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PLASTIC INDUSTRY's standard deviation. In reality, there are many statistical measures that can use PLASTIC INDUSTRY historical prices to predict the future PLASTIC INDUSTRY's volatility.| Risk Adjusted Performance | 0.1045 | |||
| Jensen Alpha | 0.3015 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0354 | |||
| Treynor Ratio | (1.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PLASTIC INDUSTRY's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
PLASTIC INDUSTRY LTD Backtested Returns
PLASTIC INDUSTRY appears to be very steady, given 3 months investment horizon. PLASTIC INDUSTRY LTD retains Efficiency (Sharpe Ratio) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PLASTIC INDUSTRY, which you can use to evaluate the volatility of the company. Please evaluate PLASTIC INDUSTRY's semi deviation of 1.42, and Market Risk Adjusted Performance of (1.04) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PLASTIC INDUSTRY holds a performance score of 12. The company owns a Beta (Systematic Risk) of -0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PLASTIC INDUSTRY are expected to decrease at a much lower rate. During the bear market, PLASTIC INDUSTRY is likely to outperform the market. Please check PLASTIC INDUSTRY's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether PLASTIC INDUSTRY's current price history will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
PLASTIC INDUSTRY LTD has modest reverse predictability. Overlapping area represents the amount of predictability between PLASTIC INDUSTRY time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 PLASTIC INDUSTRY LTD price movement. The serial correlation of -0.41 indicates that just about 41.0% of current PLASTIC INDUSTRY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 8.62 |
PLASTIC INDUSTRY LTD lagged returns against current returns
Autocorrelation, which is PLASTIC INDUSTRY 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 PLASTIC INDUSTRY's stock expected returns. We can calculate the autocorrelation of PLASTIC INDUSTRY returns to help us make a trade decision. For example, suppose you find that PLASTIC INDUSTRY 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 |
PLASTIC INDUSTRY 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 PLASTIC INDUSTRY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PLASTIC INDUSTRY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PLASTIC INDUSTRY stock over time.
Current vs Lagged Prices |
| Timeline |
PLASTIC INDUSTRY Lagged Returns
When evaluating PLASTIC INDUSTRY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PLASTIC INDUSTRY stock have on its future price. PLASTIC INDUSTRY 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, PLASTIC INDUSTRY autocorrelation shows the relationship between PLASTIC INDUSTRY stock current value and its past values and can show if there is a momentum factor associated with investing in PLASTIC INDUSTRY LTD.
Regressed Prices |
| Timeline |
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