PPG Industries (Germany) Market Value
| PPQ Stock | EUR 114.05 0.55 0.48% |
| Symbol | PPG |
PPG Industries '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 PPG Industries' 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 PPG Industries.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in PPG Industries on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding PPG Industries or generate 0.0% return on investment in PPG Industries over 240 days. PPG Industries is related to or competes with Linde Plc, Linde PLC, Air Liquide, Sherwin Williams, Ecolab, SIKA AG, and Dupont De. PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide More
PPG Industries 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 PPG Industries' 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 PPG Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0055 | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 2.39 |
PPG Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PPG Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PPG Industries' standard deviation. In reality, there are many statistical measures that can use PPG Industries historical prices to predict the future PPG Industries' volatility.| Risk Adjusted Performance | 0.027 | |||
| Jensen Alpha | 0.0287 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0069 | |||
| Treynor Ratio | 0.5852 |
PPG Industries Backtested Returns
At this point, PPG Industries is very steady. PPG Industries maintains Sharpe Ratio (i.e., Efficiency) of 0.0176, which implies the firm had a 0.0176% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for PPG Industries, which you can use to evaluate the volatility of the company. Please check PPG Industries' risk adjusted performance of 0.027, and Semi Deviation of 1.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0243%. PPG Industries has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.0509, which implies not very significant fluctuations relative to the market. As returns on the market increase, PPG Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding PPG Industries is expected to be smaller as well. PPG Industries currently holds a risk of 1.38%. Please check PPG Industries standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if PPG Industries will be following its historical price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
PPG Industries has good reverse predictability. Overlapping area represents the amount of predictability between PPG Industries time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 PPG Industries price movement. The serial correlation of -0.55 indicates that about 55.0% of current PPG Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 5.47 |
PPG Industries lagged returns against current returns
Autocorrelation, which is PPG Industries 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 PPG Industries' stock expected returns. We can calculate the autocorrelation of PPG Industries returns to help us make a trade decision. For example, suppose you find that PPG Industries 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 |
PPG Industries 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 PPG Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PPG Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PPG Industries stock over time.
Current vs Lagged Prices |
| Timeline |
PPG Industries Lagged Returns
When evaluating PPG Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PPG Industries stock have on its future price. PPG Industries 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, PPG Industries autocorrelation shows the relationship between PPG Industries stock current value and its past values and can show if there is a momentum factor associated with investing in PPG Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in PPG Stock
When determining whether PPG Industries is a strong investment it is important to analyze PPG Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PPG Industries' future performance. For an informed investment choice regarding PPG Stock, refer to the following important reports:Check out PPG Industries Correlation, PPG Industries Volatility and PPG Industries Alpha and Beta module to complement your research on PPG Industries. For more detail on how to invest in PPG Stock please use our How to Invest in PPG Industries guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
PPG Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.