Prime Office (Thailand) Market Value
| POPF Stock | THB 6.35 0.05 0.79% |
| Symbol | Prime |
Prime Office '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 Prime Office'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 Prime Office.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Prime Office on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Prime Office Leasehold or generate 0.0% return on investment in Prime Office over 30 days. Prime Office is related to or competes with WHA Public, Thai Union, VGI Public, and Thai Vegetable. Prime Office Leasehold Property Fund specializes in real estate investments in the office market More
Prime Office 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 Prime Office'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 Prime Office Leasehold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 0.8333 |
Prime Office Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Office's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Office's standard deviation. In reality, there are many statistical measures that can use Prime Office historical prices to predict the future Prime Office's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prime Office's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prime Office Leasehold Backtested Returns
Prime Office Leasehold maintains Sharpe Ratio (i.e., Efficiency) of -0.0782, which implies the firm had a -0.0782% return per unit of risk over the last 3 months. Prime Office Leasehold exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prime Office's Variance of 0.8567, coefficient of variation of (12,165), and Risk Adjusted Performance of (0) to confirm the risk estimate we provide. The company holds a Beta of 0.0089, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prime Office's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Office is expected to be smaller as well. Prime Office Leasehold has an expected return of -0.075%. Please make sure to check Prime Office Leasehold jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Prime Office Leasehold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Prime Office Leasehold has very weak predictability. Overlapping area represents the amount of predictability between Prime Office time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Prime Office Leasehold price movement. The serial correlation of 0.17 indicates that over 17.0% of current Prime Office price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prime Office Leasehold lagged returns against current returns
Autocorrelation, which is Prime Office 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 Prime Office's stock expected returns. We can calculate the autocorrelation of Prime Office returns to help us make a trade decision. For example, suppose you find that Prime Office 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 |
Prime Office 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 Prime Office stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Office stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Office stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Office Lagged Returns
When evaluating Prime Office's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Office stock have on its future price. Prime Office 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, Prime Office autocorrelation shows the relationship between Prime Office stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Office Leasehold.
Regressed Prices |
| Timeline |
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Complementary Tools for Prime Stock analysis
When running Prime Office's price analysis, check to measure Prime Office's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prime Office is operating at the current time. Most of Prime Office's value examination focuses on studying past and present price action to predict the probability of Prime Office's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Office's price. Additionally, you may evaluate how the addition of Prime Office to your portfolios can decrease your overall portfolio volatility.
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Prime Office 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.