Thrace Plastics (Greece) Market Value
| PLAT Stock | EUR 4.00 0.04 1.01% |
| Symbol | Thrace |
Thrace Plastics '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 Thrace Plastics' 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 Thrace Plastics.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Thrace Plastics on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Thrace Plastics Holding or generate 0.0% return on investment in Thrace Plastics over 540 days. Thrace Plastics is related to or competes with National Bank, EL D, Lampsa Hellenic, Eurobank Ergasias, and Iktinos Hellas. Thrace Plastics Holding and Commercial S.A More
Thrace Plastics 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 Thrace Plastics' 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 Thrace Plastics Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9533 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.53 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.89 |
Thrace Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thrace Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thrace Plastics' standard deviation. In reality, there are many statistical measures that can use Thrace Plastics historical prices to predict the future Thrace Plastics' volatility.| Risk Adjusted Performance | 0.0155 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0902 |
Thrace Plastics Holding Backtested Returns
Currently, Thrace Plastics Holding is somewhat reliable. Thrace Plastics Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0348, which indicates the firm had a 0.0348% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thrace Plastics Holding, which you can use to evaluate the volatility of the company. Please validate Thrace Plastics' Risk Adjusted Performance of 0.0155, coefficient of variation of 6497.93, and Semi Deviation of 0.8414 to confirm if the risk estimate we provide is consistent with the expected return of 0.043%. Thrace Plastics has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.0962, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thrace Plastics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Thrace Plastics is expected to be smaller as well. Thrace Plastics Holding right now has a risk of 1.23%. Please validate Thrace Plastics maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Thrace Plastics will be following its existing price patterns.
Auto-correlation | 0.37 |
Below average predictability
Thrace Plastics Holding has below average predictability. Overlapping area represents the amount of predictability between Thrace Plastics time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 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 Thrace Plastics Holding price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Thrace Plastics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Thrace Plastics Holding lagged returns against current returns
Autocorrelation, which is Thrace Plastics 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 Thrace Plastics' stock expected returns. We can calculate the autocorrelation of Thrace Plastics returns to help us make a trade decision. For example, suppose you find that Thrace Plastics 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 |
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Thrace Plastics 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 Thrace Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thrace Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thrace Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
Thrace Plastics Lagged Returns
When evaluating Thrace Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thrace Plastics stock have on its future price. Thrace Plastics 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, Thrace Plastics autocorrelation shows the relationship between Thrace Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in Thrace Plastics Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Thrace Stock Analysis
When running Thrace Plastics' price analysis, check to measure Thrace Plastics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thrace Plastics is operating at the current time. Most of Thrace Plastics' value examination focuses on studying past and present price action to predict the probability of Thrace Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thrace Plastics' price. Additionally, you may evaluate how the addition of Thrace Plastics to your portfolios can decrease your overall portfolio volatility.