Panjawattana Plastic (Thailand) Market Value
| PJW Stock | THB 2.50 0.02 0.79% |
| Symbol | Panjawattana |
Panjawattana Plastic '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 Panjawattana Plastic'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 Panjawattana Plastic.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Panjawattana Plastic on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Panjawattana Plastic Public or generate 0.0% return on investment in Panjawattana Plastic over 30 days. Panjawattana Plastic is related to or competes with Kingsmen CMTI, Project Planning, Power Solution, Hydrotek Public, and Union Petrochemical. Panjawattana Plastic Public Company Limited, together with its subsidiaries, produces and supplies plastic containers an... More
Panjawattana Plastic 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 Panjawattana Plastic'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 Panjawattana Plastic Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.9 | |||
| Information Ratio | 0.1115 | |||
| Maximum Drawdown | 1002.31 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 3.08 |
Panjawattana Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Panjawattana Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Panjawattana Plastic's standard deviation. In reality, there are many statistical measures that can use Panjawattana Plastic historical prices to predict the future Panjawattana Plastic's volatility.| Risk Adjusted Performance | 0.0962 | |||
| Jensen Alpha | 17.6 | |||
| Total Risk Alpha | (5.71) | |||
| Sortino Ratio | 0.6767 | |||
| Treynor Ratio | (0.52) |
Panjawattana Plastic Backtested Returns
Panjawattana Plastic is out of control given 3 months investment horizon. Panjawattana Plastic 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 are able to interpolate and break down thirty different technical indicators, which can help you to evaluate if expected returns of 14.27% are justified by taking the suggested risk. Use Panjawattana Plastic Coefficient Of Variation of 888.61, semi deviation of 12.33, and Risk Adjusted Performance of 0.0962 to evaluate company specific risk that cannot be diversified away. Panjawattana Plastic holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -27.63, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Panjawattana Plastic are expected to decrease by larger amounts. On the other hand, during market turmoil, Panjawattana Plastic is expected to outperform it. Use Panjawattana Plastic value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to analyze future returns on Panjawattana Plastic.
Auto-correlation | 0.76 |
Good predictability
Panjawattana Plastic Public has good predictability. Overlapping area represents the amount of predictability between Panjawattana Plastic time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Panjawattana Plastic price movement. The serial correlation of 0.76 indicates that around 76.0% of current Panjawattana Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Panjawattana Plastic lagged returns against current returns
Autocorrelation, which is Panjawattana Plastic 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 Panjawattana Plastic's stock expected returns. We can calculate the autocorrelation of Panjawattana Plastic returns to help us make a trade decision. For example, suppose you find that Panjawattana Plastic 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 |
Panjawattana Plastic 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 Panjawattana Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Panjawattana Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Panjawattana Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Panjawattana Plastic Lagged Returns
When evaluating Panjawattana Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Panjawattana Plastic stock have on its future price. Panjawattana Plastic 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, Panjawattana Plastic autocorrelation shows the relationship between Panjawattana Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Panjawattana Plastic Public.
Regressed Prices |
| Timeline |
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Panjawattana Plastic financial ratios help investors to determine whether Panjawattana 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 Panjawattana with respect to the benefits of owning Panjawattana Plastic security.