Readyplanet PCL (Thailand) Market Value
| READY Stock | 4.98 0.12 2.35% |
| Symbol | Readyplanet |
Readyplanet PCL '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 Readyplanet PCL'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 Readyplanet PCL.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Readyplanet PCL on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Readyplanet PCL or generate 0.0% return on investment in Readyplanet PCL over 30 days.
Readyplanet PCL 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 Readyplanet PCL'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 Readyplanet PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 10.91 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 3.68 |
Readyplanet PCL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Readyplanet PCL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Readyplanet PCL's standard deviation. In reality, there are many statistical measures that can use Readyplanet PCL historical prices to predict the future Readyplanet PCL's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (9.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Readyplanet PCL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Readyplanet PCL Backtested Returns
Readyplanet PCL is out of control given 3 months investment horizon. Readyplanet PCL maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have analyzed twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.14% are justified by taking the suggested risk. Use Readyplanet PCL Variance of 6.31, coefficient of variation of (618.67), and Risk Adjusted Performance of (0.12) to evaluate company specific risk that cannot be diversified away. Readyplanet PCL holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of 0.0461, which implies not very significant fluctuations relative to the market. As returns on the market increase, Readyplanet PCL's returns are expected to increase less than the market. However, during the bear market, the loss of holding Readyplanet PCL is expected to be smaller as well. Use Readyplanet PCL total risk alpha, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Readyplanet PCL.
Auto-correlation | 0.22 |
Weak predictability
Readyplanet PCL has weak predictability. Overlapping area represents the amount of predictability between Readyplanet PCL time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Readyplanet PCL price movement. The serial correlation of 0.22 indicates that over 22.0% of current Readyplanet PCL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Readyplanet PCL lagged returns against current returns
Autocorrelation, which is Readyplanet PCL 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 Readyplanet PCL's stock expected returns. We can calculate the autocorrelation of Readyplanet PCL returns to help us make a trade decision. For example, suppose you find that Readyplanet PCL 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 |
Readyplanet PCL 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 Readyplanet PCL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Readyplanet PCL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Readyplanet PCL stock over time.
Current vs Lagged Prices |
| Timeline |
Readyplanet PCL Lagged Returns
When evaluating Readyplanet PCL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Readyplanet PCL stock have on its future price. Readyplanet PCL 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, Readyplanet PCL autocorrelation shows the relationship between Readyplanet PCL stock current value and its past values and can show if there is a momentum factor associated with investing in Readyplanet PCL.
Regressed Prices |
| Timeline |
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