Permsin Steel (Thailand) Market Value
| PERM Stock | THB 0.63 0.01 1.61% |
| Symbol | Permsin |
Permsin Steel '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 Permsin Steel'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 Permsin Steel.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Permsin Steel on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Permsin Steel Works or generate 0.0% return on investment in Permsin Steel over 30 days. Permsin Steel is related to or competes with Pacific Pipe, MCS Steel, POSCO Thainox, and Lam Soon. Permsin Steel Works Public Company Limited, together with its subsidiaries, manufactures and sells steel products in Tha... More
Permsin Steel 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 Permsin Steel'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 Permsin Steel Works upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 20.72 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.74 |
Permsin Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Permsin Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Permsin Steel's standard deviation. In reality, there are many statistical measures that can use Permsin Steel historical prices to predict the future Permsin Steel's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.8258 |
Permsin Steel Works Backtested Returns
Permsin Steel Works maintains Sharpe Ratio (i.e., Efficiency) of -0.0788, which implies the firm had a -0.0788% return per unit of risk over the last 3 months. Permsin Steel Works exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Permsin Steel's Variance of 6.77, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,358) to confirm the risk estimate we provide. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Permsin Steel are expected to decrease at a much lower rate. During the bear market, Permsin Steel is likely to outperform the market. At this point, Permsin Steel Works has a negative expected return of -0.21%. Please make sure to check Permsin Steel's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Permsin Steel Works performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Permsin Steel Works has good predictability. Overlapping area represents the amount of predictability between Permsin Steel time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Permsin Steel Works price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Permsin Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Permsin Steel Works lagged returns against current returns
Autocorrelation, which is Permsin Steel 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 Permsin Steel's stock expected returns. We can calculate the autocorrelation of Permsin Steel returns to help us make a trade decision. For example, suppose you find that Permsin Steel 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 |
Permsin Steel 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 Permsin Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Permsin Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Permsin Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Permsin Steel Lagged Returns
When evaluating Permsin Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Permsin Steel stock have on its future price. Permsin Steel 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, Permsin Steel autocorrelation shows the relationship between Permsin Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Permsin Steel Works.
Regressed Prices |
| Timeline |
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Permsin Steel financial ratios help investors to determine whether Permsin 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 Permsin with respect to the benefits of owning Permsin Steel security.