PRG Public (Thailand) Market Value
| PRG Stock | THB 8.95 0.05 0.56% |
| Symbol | PRG |
PRG Public '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 PRG Public'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 PRG Public.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in PRG Public on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding PRG Public or generate 0.0% return on investment in PRG Public over 720 days. PRG Public is related to or competes with CP ALL, Carabao Group, Thai Union, Minor International, and Central Pattana. Patum Rice Mill and Granary Public Company Limited, together with its subsidiaries, engages in the processing and packag... More
PRG Public 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 PRG Public'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 PRG Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.66 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.21 |
PRG Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRG Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRG Public's standard deviation. In reality, there are many statistical measures that can use PRG Public historical prices to predict the future PRG Public's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.92) |
PRG Public Backtested Returns
PRG Public is out of control given 3 months investment horizon. PRG Public maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of volatility over the last 3 months. We were able to analyze and collect data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 28.98% are justified by taking the suggested risk. Use PRG Public risk adjusted performance of (0.01), and Coefficient Of Variation of (8,319) to evaluate company specific risk that cannot be diversified away. PRG Public holds a performance score of 12 on a scale of zero to a hundred. The company holds a Beta of 0.0273, which implies not very significant fluctuations relative to the market. As returns on the market increase, PRG Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding PRG Public is expected to be smaller as well. Use PRG Public jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to analyze future returns on PRG Public.
Auto-correlation | -0.01 |
Very weak reverse predictability
PRG Public has very weak reverse predictability. Overlapping area represents the amount of predictability between PRG Public time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 PRG Public price movement. The serial correlation of -0.01 indicates that just 1.0% of current PRG Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
PRG Public lagged returns against current returns
Autocorrelation, which is PRG Public 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 PRG Public's stock expected returns. We can calculate the autocorrelation of PRG Public returns to help us make a trade decision. For example, suppose you find that PRG Public 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 |
PRG Public 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 PRG Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRG Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRG Public stock over time.
Current vs Lagged Prices |
| Timeline |
PRG Public Lagged Returns
When evaluating PRG Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRG Public stock have on its future price. PRG Public 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, PRG Public autocorrelation shows the relationship between PRG Public stock current value and its past values and can show if there is a momentum factor associated with investing in PRG Public.
Regressed Prices |
| Timeline |
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PRG Public financial ratios help investors to determine whether PRG 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 PRG with respect to the benefits of owning PRG Public security.