Premier Products (Thailand) Market Value
| PPP Stock | THB 1.72 0.06 3.37% |
| 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.
| 05/16/2022 |
| 05/05/2024 |
If you would invest 0.00 in Premier Products on May 16, 2022 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 720 days. Premier Products is related to or competes with Somboon Advance, Sahamitr Pressure, SiS Distribution, MCS Steel, and United Paper. 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 | (0.1) | |||
| Maximum Drawdown | 19.19 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.49 |
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 | (0.19) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Premier Products' 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.
Premier Products Public Backtested Returns
Premier Products Public maintains Sharpe Ratio (i.e., Efficiency) of -0.0819, which implies the firm had a -0.0819% return per unit of risk over the last 3 months. Premier Products Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premier Products' Risk Adjusted Performance of (0.04), variance of 6.12, and Coefficient Of Variation of (1,480) to confirm the risk estimate we provide. The company holds a Beta of 0.23, 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. Premier Products Public has an expected return of -0.21%. Please make sure to check Premier Products Public total risk alpha, maximum drawdown, and 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 | -0.18 |
Insignificant reverse predictability
Premier Products Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Premier Products time series from 16th of May 2022 to 11th of May 2023 and 11th of May 2023 to 5th 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 Premier Products Public price movement. The serial correlation of -0.18 indicates that over 18.0% of current Premier Products price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Premier Products in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Premier Products' short interest history, or implied volatility extrapolated from Premier Products options trading.
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Check out Premier Products Correlation, Premier Products Volatility and Premier Products Alpha and Beta module to complement your research on Premier Products. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Premier Stock analysis
When running Premier Products' price analysis, check to measure Premier Products' 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 Premier Products is operating at the current time. Most of Premier Products' value examination focuses on studying past and present price action to predict the probability of Premier Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier Products' price. Additionally, you may evaluate how the addition of Premier Products to your portfolios can decrease your overall portfolio volatility.
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Premier Products 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.