Praram 9 (Thailand) Market Value
| PR9 Stock | THB 22.70 0.50 2.16% |
| Symbol | Praram |
Praram 9 '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 Praram 9'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 Praram 9.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Praram 9 on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Praram 9 Hospital or generate 0.0% return on investment in Praram 9 over 30 days. Praram 9 is related to or competes with Bangkok Dusit, Bumrungrad Hospital, Bangkok Chain, Rajthanee Hospital, and Plan B. Praram 9 Hospital Public Company Limited operates a hospital under the Praram 9 Hospital name in Thailand More
Praram 9 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 Praram 9'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 Praram 9 Hospital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.31 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 3.76 |
Praram 9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Praram 9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Praram 9's standard deviation. In reality, there are many statistical measures that can use Praram 9 historical prices to predict the future Praram 9's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.48) |
Praram 9 Hospital Backtested Returns
Praram 9 Hospital maintains Sharpe Ratio (i.e., Efficiency) of -0.0846, which implies the firm had a -0.0846 % return per unit of risk over the last 3 months. Praram 9 Hospital exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Praram 9's Coefficient Of Variation of (1,193), variance of 4.37, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Praram 9's returns are expected to increase less than the market. However, during the bear market, the loss of holding Praram 9 is expected to be smaller as well. At this point, Praram 9 Hospital has a negative expected return of -0.18%. Please make sure to check Praram 9's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Praram 9 Hospital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Praram 9 Hospital has insignificant predictability. Overlapping area represents the amount of predictability between Praram 9 time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Praram 9 Hospital price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Praram 9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Praram 9 Hospital lagged returns against current returns
Autocorrelation, which is Praram 9 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 Praram 9's stock expected returns. We can calculate the autocorrelation of Praram 9 returns to help us make a trade decision. For example, suppose you find that Praram 9 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 |
Praram 9 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 Praram 9 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Praram 9 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Praram 9 stock over time.
Current vs Lagged Prices |
| Timeline |
Praram 9 Lagged Returns
When evaluating Praram 9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Praram 9 stock have on its future price. Praram 9 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, Praram 9 autocorrelation shows the relationship between Praram 9 stock current value and its past values and can show if there is a momentum factor associated with investing in Praram 9 Hospital.
Regressed Prices |
| Timeline |
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Praram 9 financial ratios help investors to determine whether Praram 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 Praram with respect to the benefits of owning Praram 9 security.