Platinum (Thailand) Market Value
| PLAT Stock | THB 2.28 0.02 0.88% |
| Symbol | Platinum |
Platinum '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 Platinum'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 Platinum.
| 02/05/2023 |
| 12/26/2024 |
If you would invest 0.00 in Platinum on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding The Platinum Group or generate 0.0% return on investment in Platinum over 690 days. Platinum is related to or competes with Mitsib Leasing, Asia Sermkij, Lease IT, Symphony Communication, Digital Telecommunicatio, Phatra Leasing, and Turnkey Communication. The Platinum Group Public Company Limited engages in the real estate development business in Thailand More
Platinum 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 Platinum'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 The Platinum Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.48 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.8 |
Platinum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Platinum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Platinum's standard deviation. In reality, there are many statistical measures that can use Platinum historical prices to predict the future Platinum's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.18) |
Platinum Group Backtested Returns
Platinum Group maintains Sharpe Ratio (i.e., Efficiency) of -0.0042, which implies the firm had a -0.0042% return per unit of risk over the last 3 months. Platinum Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Platinum's Variance of 3.87, coefficient of variation of (5,858), and Market Risk Adjusted Performance of (0.17) 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, Platinum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Platinum is expected to be smaller as well. At this point, Platinum Group has a negative expected return of -0.0087%. Please make sure to check Platinum's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Platinum Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
The Platinum Group has good predictability. Overlapping area represents the amount of predictability between Platinum time series from 5th of February 2023 to 16th of January 2024 and 16th of January 2024 to 26th 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 Platinum Group price movement. The serial correlation of 0.72 indicates that around 72.0% of current Platinum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Platinum Group lagged returns against current returns
Autocorrelation, which is Platinum 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 Platinum's stock expected returns. We can calculate the autocorrelation of Platinum returns to help us make a trade decision. For example, suppose you find that Platinum 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 |
Platinum 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 Platinum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Platinum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Platinum stock over time.
Current vs Lagged Prices |
| Timeline |
Platinum Lagged Returns
When evaluating Platinum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Platinum stock have on its future price. Platinum 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, Platinum autocorrelation shows the relationship between Platinum stock current value and its past values and can show if there is a momentum factor associated with investing in The Platinum Group.
Regressed Prices |
| Timeline |
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Platinum financial ratios help investors to determine whether Platinum 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 Platinum with respect to the benefits of owning Platinum security.