Paint Chemicals (Egypt) Market Value
| PACH Stock | 39.80 0.00 0.00% |
| Symbol | Paint |
Paint Chemicals '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 Paint Chemicals' 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 Paint Chemicals.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Paint Chemicals on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Paint Chemicals Industries or generate 0.0% return on investment in Paint Chemicals over 30 days.
Paint Chemicals 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 Paint Chemicals' 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 Paint Chemicals Industries upside and downside potential and time the market with a certain degree of confidence.
Paint Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paint Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paint Chemicals' standard deviation. In reality, there are many statistical measures that can use Paint Chemicals historical prices to predict the future Paint Chemicals' volatility.Paint Chemicals Indu Backtested Returns
We have found three technical indicators for Paint Chemicals Indu, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Paint Chemicals are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Paint Chemicals Industries has no correlation between past and present. Overlapping area represents the amount of predictability between Paint Chemicals time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Paint Chemicals Indu price movement. The serial correlation of 0.0 indicates that just 0.0% of current Paint Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Paint Chemicals Indu lagged returns against current returns
Autocorrelation, which is Paint Chemicals 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 Paint Chemicals' stock expected returns. We can calculate the autocorrelation of Paint Chemicals returns to help us make a trade decision. For example, suppose you find that Paint Chemicals 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 |
Paint Chemicals 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 Paint Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paint Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paint Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Paint Chemicals Lagged Returns
When evaluating Paint Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paint Chemicals stock have on its future price. Paint Chemicals 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, Paint Chemicals autocorrelation shows the relationship between Paint Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Paint Chemicals Industries.
Regressed Prices |
| Timeline |