PTT OIL (Thailand) Market Value
| OR-R Stock | THB 13.10 0.21 1.58% |
| Symbol | PTT |
PTT OIL '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 PTT OIL'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 PTT OIL.
| 08/01/2023 |
| 12/23/2024 |
If you would invest 0.00 in PTT OIL on August 1, 2023 and sell it all today you would earn a total of 0.00 from holding PTT OIL RETAIL or generate 0.0% return on investment in PTT OIL over 510 days. PTT OIL is related to or competes with PTT Public, CP ALL, Kasikornbank Public, Airports, and Gulf Energy. PTT Oil and Retail Business Public Company Limited, together with its subsidiaries, engages in the retail and commercial... More
PTT OIL 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 PTT OIL'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 PTT OIL RETAIL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 31.15 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 0.8475 |
PTT OIL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PTT OIL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PTT OIL's standard deviation. In reality, there are many statistical measures that can use PTT OIL historical prices to predict the future PTT OIL's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 10.4 |
PTT OIL RETAIL Backtested Returns
PTT OIL RETAIL maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of standard deviation over the last 3 months. PTT OIL RETAIL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PTT OIL's Risk Adjusted Performance of (0.12), market risk adjusted performance of 10.41, and Coefficient Of Variation of (633.57) to confirm the risk estimate we provide. The company holds a Beta of -0.0607, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PTT OIL are expected to decrease at a much lower rate. During the bear market, PTT OIL is likely to outperform the market. At this point, PTT OIL RETAIL has a negative expected return of -0.67%. Please make sure to check PTT OIL's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if PTT OIL RETAIL performance from the past will be repeated at some future point.
Auto-correlation | -0.57 |
Good reverse predictability
PTT OIL RETAIL has good reverse predictability. Overlapping area represents the amount of predictability between PTT OIL time series from 1st of August 2023 to 12th of April 2024 and 12th of April 2024 to 23rd 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 PTT OIL RETAIL price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current PTT OIL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 5.45 |
PTT OIL RETAIL lagged returns against current returns
Autocorrelation, which is PTT OIL 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 PTT OIL's stock expected returns. We can calculate the autocorrelation of PTT OIL returns to help us make a trade decision. For example, suppose you find that PTT OIL 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 |
PTT OIL 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 PTT OIL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PTT OIL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PTT OIL stock over time.
Current vs Lagged Prices |
| Timeline |
PTT OIL Lagged Returns
When evaluating PTT OIL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PTT OIL stock have on its future price. PTT OIL 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, PTT OIL autocorrelation shows the relationship between PTT OIL stock current value and its past values and can show if there is a momentum factor associated with investing in PTT OIL RETAIL.
Regressed Prices |
| Timeline |
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PTT OIL financial ratios help investors to determine whether PTT 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 PTT with respect to the benefits of owning PTT OIL security.