Polyplex Public (Thailand) Market Value
| PTL-R Stock | THB 14.60 0.00 0.00% |
| Symbol | Polyplex |
Polyplex 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 Polyplex 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 Polyplex Public.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Polyplex Public on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Polyplex Public or generate 0.0% return on investment in Polyplex Public over 30 days. Polyplex Public is related to or competes with Thai Mitsuwa, S P, TAC Consumer, Tapaco Public, and Synnex Public. Polyplex Public Company Limited, together with its subsidiaries, manufactures and distributes polyester films and chips,... More
Polyplex 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 Polyplex 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 Polyplex Public upside and downside potential and time the market with a certain degree of confidence.
Polyplex Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polyplex Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polyplex Public's standard deviation. In reality, there are many statistical measures that can use Polyplex Public historical prices to predict the future Polyplex Public's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Polyplex Public'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.
Polyplex Public Backtested Returns
We have found three technical indicators for Polyplex Public, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Polyplex Public are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Polyplex Public has perfect predictability. Overlapping area represents the amount of predictability between Polyplex Public time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st 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 Polyplex Public price movement. The serial correlation of 1.0 indicates that 100.0% of current Polyplex Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Polyplex Public lagged returns against current returns
Autocorrelation, which is Polyplex 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 Polyplex Public's stock expected returns. We can calculate the autocorrelation of Polyplex Public returns to help us make a trade decision. For example, suppose you find that Polyplex 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 |
Polyplex 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 Polyplex Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polyplex Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polyplex Public stock over time.
Current vs Lagged Prices |
| Timeline |
Polyplex Public Lagged Returns
When evaluating Polyplex Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polyplex Public stock have on its future price. Polyplex 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, Polyplex Public autocorrelation shows the relationship between Polyplex Public stock current value and its past values and can show if there is a momentum factor associated with investing in Polyplex 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 Polyplex Public 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, Polyplex Public's short interest history, or implied volatility extrapolated from Polyplex Public options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Polyplex Public using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Polyplex Public Correlation, Polyplex Public Volatility and Polyplex Public Alpha and Beta module to complement your research on Polyplex Public. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Polyplex Stock analysis
When running Polyplex Public's price analysis, check to measure Polyplex Public'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 Polyplex Public is operating at the current time. Most of Polyplex Public's value examination focuses on studying past and present price action to predict the probability of Polyplex Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polyplex Public's price. Additionally, you may evaluate how the addition of Polyplex Public to your portfolios can decrease your overall portfolio volatility.
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Polyplex Public 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.