Premier Products (Thailand) Market Value
| PPP Stock | THB 1.46 0.04 2.82% |
| Symbol | Premier |
Premier Products '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 Premier Products' 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 Premier Products.
| 02/07/2023 |
| 12/28/2024 |
If you would invest 0.00 in Premier Products on February 7, 2023 and sell it all today you would earn a total of 0.00 from holding Premier Products Public or generate 0.0% return on investment in Premier Products over 690 days. Premier Products is related to or competes with Land, Krung Thai, Bangkok Bank, and Siam Cement. Premier Products Public Company Limited manufactures and distributes environmental products, building materials, and ind... More
Premier Products 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 Premier Products' 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 Premier Products Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.23 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 3.9 |
Premier Products Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier Products' standard deviation. In reality, there are many statistical measures that can use Premier Products historical prices to predict the future Premier Products' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (1.47) |
Premier Products Public Backtested Returns
Premier Products Public maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of risk over the last 3 months. Premier Products Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premier Products' Coefficient Of Variation of (1,684), risk adjusted performance of (0.04), and Variance of 6.06 to confirm the risk estimate we provide. The company holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, Premier Products' returns are expected to increase less than the market. However, during the bear market, the loss of holding Premier Products is expected to be smaller as well. At this point, Premier Products Public has a negative expected return of -0.25%. Please make sure to check Premier Products' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Premier Products Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Premier Products Public has below average predictability. Overlapping area represents the amount of predictability between Premier Products time series from 7th of February 2023 to 18th of January 2024 and 18th of January 2024 to 28th 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 Premier Products Public price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Premier Products price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Premier Products Public lagged returns against current returns
Autocorrelation, which is Premier Products 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 Premier Products' stock expected returns. We can calculate the autocorrelation of Premier Products returns to help us make a trade decision. For example, suppose you find that Premier Products 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 |
Premier Products 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 Premier Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier Products stock over time.
Current vs Lagged Prices |
| Timeline |
Premier Products Lagged Returns
When evaluating Premier Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier Products stock have on its future price. Premier Products 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, Premier Products autocorrelation shows the relationship between Premier Products stock current value and its past values and can show if there is a momentum factor associated with investing in Premier Products Public.
Regressed Prices |
| Timeline |
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Premier Products financial ratios help investors to determine whether Premier 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 Premier with respect to the benefits of owning Premier Products security.