Plus Tech (Thailand) Market Value
| PTECH Stock | 0.80 0.02 2.44% |
| Symbol | Plus |
Plus Tech '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 Plus Tech'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 Plus Tech.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Plus Tech on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Plus Tech Innovation or generate 0.0% return on investment in Plus Tech over 180 days. Plus Tech is related to or competes with Ratch Group, Siamese Asset, Richy Place, Sammakorn Public, and Royal Orchid. More
Plus Tech 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 Plus Tech'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 Plus Tech Innovation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 32.85 | |||
| Value At Risk | (12.29) | |||
| Potential Upside | 11.71 |
Plus Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plus Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plus Tech's standard deviation. In reality, there are many statistical measures that can use Plus Tech historical prices to predict the future Plus Tech's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (2.22) | |||
| Total Risk Alpha | (2.40) | |||
| Treynor Ratio | (3.13) |
Plus Tech Innovation Backtested Returns
Plus Tech Innovation maintains Sharpe Ratio (i.e., Efficiency) of -0.31, which implies the firm had a -0.31% return per unit of risk over the last 3 months. Plus Tech Innovation exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plus Tech's Coefficient Of Variation of (321.96), variance of 49.9, and Risk Adjusted Performance of (0.24) to confirm the risk estimate we provide. The company holds a Beta of 0.7, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Plus Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Plus Tech is expected to be smaller as well. At this point, Plus Tech Innovation has a negative expected return of -2.23%. Please make sure to check Plus Tech's kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if Plus Tech Innovation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Plus Tech Innovation has very good predictability. Overlapping area represents the amount of predictability between Plus Tech time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Plus Tech Innovation price movement. The serial correlation of 0.8 indicates that around 80.0% of current Plus Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Plus Tech Innovation lagged returns against current returns
Autocorrelation, which is Plus Tech 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 Plus Tech's stock expected returns. We can calculate the autocorrelation of Plus Tech returns to help us make a trade decision. For example, suppose you find that Plus Tech 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 |
Plus Tech 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 Plus Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plus Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plus Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Plus Tech Lagged Returns
When evaluating Plus Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plus Tech stock have on its future price. Plus Tech 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, Plus Tech autocorrelation shows the relationship between Plus Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Plus Tech Innovation.
Regressed Prices |
| Timeline |
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Plus Tech financial ratios help investors to determine whether Plus 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 Plus with respect to the benefits of owning Plus Tech security.