Prinsiri Public (Thailand) Market Value
| PRIN Stock | THB 1.74 0.01 0.57% |
| Symbol | Prinsiri |
Prinsiri Public '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 Prinsiri Public'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 Prinsiri Public.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Prinsiri Public on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Prinsiri Public or generate 0.0% return on investment in Prinsiri Public over 720 days. Prinsiri Public is related to or competes with Siri Prime, Lalin Property, SC Asset, LPN Development, and NC Housing. Prinsiri Public Company Limited, together with its subsidiaries, develops, leases, and sells real estate properties More
Prinsiri Public 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 Prinsiri Public'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 Prinsiri Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 18.78 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 2.34 |
Prinsiri Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prinsiri Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prinsiri Public's standard deviation. In reality, there are many statistical measures that can use Prinsiri Public historical prices to predict the future Prinsiri Public's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.06 |
Prinsiri Public Backtested Returns
Prinsiri Public maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Prinsiri Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prinsiri Public's Coefficient Of Variation of (619.39), variance of 6.98, and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The company holds a Beta of -0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Prinsiri Public are expected to decrease at a much lower rate. During the bear market, Prinsiri Public is likely to outperform the market. At this point, Prinsiri Public has a negative expected return of -0.45%. Please make sure to check Prinsiri Public's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Prinsiri Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Prinsiri Public has weak reverse predictability. Overlapping area represents the amount of predictability between Prinsiri Public time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 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 Prinsiri Public price movement. The serial correlation of -0.22 indicates that over 22.0% of current Prinsiri Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Prinsiri Public lagged returns against current returns
Autocorrelation, which is Prinsiri Public 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 Prinsiri Public's stock expected returns. We can calculate the autocorrelation of Prinsiri Public returns to help us make a trade decision. For example, suppose you find that Prinsiri Public 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 |
Prinsiri Public 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 Prinsiri Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prinsiri Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prinsiri Public stock over time.
Current vs Lagged Prices |
| Timeline |
Prinsiri Public Lagged Returns
When evaluating Prinsiri Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prinsiri Public stock have on its future price. Prinsiri Public 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, Prinsiri Public autocorrelation shows the relationship between Prinsiri Public stock current value and its past values and can show if there is a momentum factor associated with investing in Prinsiri Public.
Regressed Prices |
| Timeline |
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Prinsiri Public financial ratios help investors to determine whether Prinsiri 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 Prinsiri with respect to the benefits of owning Prinsiri Public security.