Prima Marine (Thailand) Market Value
| PRM Stock | THB 8.80 0.10 1.15% |
| Symbol | Prima |
Prima Marine '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 Prima Marine'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 Prima Marine.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Prima Marine on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Prima Marine Public or generate 0.0% return on investment in Prima Marine over 30 days. Prima Marine is related to or competes with PTG Energy, WHA Public, BTS Group, AP Public, and Precious Shipping. Prima Marine Public Company Limited engages in the marine transportation of petroleum products and accommodation work ba... More
Prima Marine 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 Prima Marine'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 Prima Marine Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0474 | |||
| Maximum Drawdown | 7.78 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.47 |
Prima Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prima Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prima Marine's standard deviation. In reality, there are many statistical measures that can use Prima Marine historical prices to predict the future Prima Marine's volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.1201 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0413 | |||
| Treynor Ratio | 0.3233 |
Prima Marine Public Backtested Returns
Prima Marine appears to be not too volatile, given 3 months investment horizon. Prima Marine Public maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prima Marine Public, which you can use to evaluate the volatility of the company. Please evaluate Prima Marine's Coefficient Of Variation of 851.76, risk adjusted performance of 0.0947, and Semi Deviation of 1.46 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prima Marine holds a performance score of 11. The company holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prima Marine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prima Marine is expected to be smaller as well. Please check Prima Marine's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Prima Marine's historical price patterns will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Prima Marine Public has excellent reverse predictability. Overlapping area represents the amount of predictability between Prima Marine time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Prima Marine Public price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Prima Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Prima Marine Public lagged returns against current returns
Autocorrelation, which is Prima Marine 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 Prima Marine's stock expected returns. We can calculate the autocorrelation of Prima Marine returns to help us make a trade decision. For example, suppose you find that Prima Marine 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 |
Prima Marine 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 Prima Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prima Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prima Marine stock over time.
Current vs Lagged Prices |
| Timeline |
Prima Marine Lagged Returns
When evaluating Prima Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prima Marine stock have on its future price. Prima Marine 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, Prima Marine autocorrelation shows the relationship between Prima Marine stock current value and its past values and can show if there is a momentum factor associated with investing in Prima Marine Public.
Regressed Prices |
| Timeline |
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Prima Marine financial ratios help investors to determine whether Prima 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 Prima with respect to the benefits of owning Prima Marine security.