Phol Dhanya (Thailand) Market Value
| PHOL Stock | THB 3.04 0.02 0.66% |
| Symbol | Phol |
Phol Dhanya '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 Phol Dhanya'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 Phol Dhanya.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Phol Dhanya on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Phol Dhanya Public or generate 0.0% return on investment in Phol Dhanya over 390 days. Phol Dhanya is related to or competes with Arrow Syndicate, Getabec Public, Ama Marine, Information, and Hwa Fong. Phol Dhanya Public Company Limited distributes occupational safety, health, and environment products in Thailand and int... More
Phol Dhanya 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 Phol Dhanya'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 Phol Dhanya Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.31 |
Phol Dhanya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phol Dhanya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phol Dhanya's standard deviation. In reality, there are many statistical measures that can use Phol Dhanya historical prices to predict the future Phol Dhanya's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.5535 |
Phol Dhanya Public Backtested Returns
Phol Dhanya Public maintains Sharpe Ratio (i.e., Efficiency) of -0.0774, which implies the firm had a -0.0774% return per unit of risk over the last 3 months. Phol Dhanya Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Phol Dhanya's Risk Adjusted Performance of (0.02), variance of 1.05, and Coefficient Of Variation of (3,008) to confirm the risk estimate we provide. The company holds a Beta of -0.0797, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Phol Dhanya are expected to decrease at a much lower rate. During the bear market, Phol Dhanya is likely to outperform the market. At this point, Phol Dhanya Public has a negative expected return of -0.0801%. Please make sure to check Phol Dhanya's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Phol Dhanya Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Phol Dhanya Public has poor predictability. Overlapping area represents the amount of predictability between Phol Dhanya time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Phol Dhanya Public price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Phol Dhanya price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Phol Dhanya Public lagged returns against current returns
Autocorrelation, which is Phol Dhanya 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 Phol Dhanya's stock expected returns. We can calculate the autocorrelation of Phol Dhanya returns to help us make a trade decision. For example, suppose you find that Phol Dhanya 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 |
Phol Dhanya 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 Phol Dhanya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phol Dhanya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phol Dhanya stock over time.
Current vs Lagged Prices |
| Timeline |
Phol Dhanya Lagged Returns
When evaluating Phol Dhanya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phol Dhanya stock have on its future price. Phol Dhanya 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, Phol Dhanya autocorrelation shows the relationship between Phol Dhanya stock current value and its past values and can show if there is a momentum factor associated with investing in Phol Dhanya Public.
Regressed Prices |
| Timeline |
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Phol Dhanya financial ratios help investors to determine whether Phol 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 Phol with respect to the benefits of owning Phol Dhanya security.