Royal Plus (Thailand) Market Value
| PLUS Stock | 5.30 0.10 1.85% |
| Symbol | Royal |
Royal Plus '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 Royal Plus' 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 Royal Plus.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Royal Plus on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Royal Plus PCL or generate 0.0% return on investment in Royal Plus over 180 days.
Royal Plus 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 Royal Plus' 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 Royal Plus PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 13.74 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 3.74 |
Royal Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royal Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royal Plus' standard deviation. In reality, there are many statistical measures that can use Royal Plus historical prices to predict the future Royal Plus' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.80) |
Royal Plus PCL Backtested Returns
Royal Plus PCL maintains Sharpe Ratio (i.e., Efficiency) of -0.0172, which implies the firm had a -0.0172% return per unit of risk over the last 3 months. Royal Plus PCL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Royal Plus' Variance of 6.28, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,367) to confirm the risk estimate we provide. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Royal Plus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Royal Plus is expected to be smaller as well. At this point, Royal Plus PCL has a negative expected return of -0.0429%. Please make sure to check Royal Plus' accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Royal Plus PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Royal Plus PCL has below average predictability. Overlapping area represents the amount of predictability between Royal Plus time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Royal Plus PCL price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Royal Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Royal Plus PCL lagged returns against current returns
Autocorrelation, which is Royal Plus 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 Royal Plus' stock expected returns. We can calculate the autocorrelation of Royal Plus returns to help us make a trade decision. For example, suppose you find that Royal Plus 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 |
Royal Plus 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 Royal Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royal Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royal Plus stock over time.
Current vs Lagged Prices |
| Timeline |
Royal Plus Lagged Returns
When evaluating Royal Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royal Plus stock have on its future price. Royal Plus 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, Royal Plus autocorrelation shows the relationship between Royal Plus stock current value and its past values and can show if there is a momentum factor associated with investing in Royal Plus PCL.
Regressed Prices |
| Timeline |
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