Bangkok Chain (Thailand) Market Value
| BCH Stock | THB 16.20 0.40 2.53% |
| Symbol | Bangkok |
Bangkok Chain '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 Bangkok Chain'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 Bangkok Chain.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bangkok Chain on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bangkok Chain Hospital or generate 0.0% return on investment in Bangkok Chain over 30 days. Bangkok Chain is related to or competes with Bangkok Dusit, Chularat Hospital, Bumrungrad Hospital, Advanced Info, and CP ALL. Bangkok Chain Hospital Public Company Limited, together with its subsidiaries, operates a chain of hospitals in Thailand More
Bangkok Chain 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 Bangkok Chain'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 Bangkok Chain Hospital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.46 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.27 |
Bangkok Chain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bangkok Chain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bangkok Chain's standard deviation. In reality, there are many statistical measures that can use Bangkok Chain historical prices to predict the future Bangkok Chain's volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1665 |
Bangkok Chain Hospital Backtested Returns
As of now, Bangkok Stock is not too volatile. Bangkok Chain Hospital secures Sharpe Ratio (or Efficiency) of 0.0584, which signifies that the company had a 0.0584% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bangkok Chain Hospital, which you can use to evaluate the volatility of the firm. Please confirm Bangkok Chain's Downside Deviation of 1.69, risk adjusted performance of 0.0334, and Mean Deviation of 1.46 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Bangkok Chain has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bangkok Chain's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bangkok Chain is expected to be smaller as well. Bangkok Chain Hospital right now shows a risk of 1.93%. Please confirm Bangkok Chain Hospital total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Bangkok Chain Hospital will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
Bangkok Chain Hospital has below average predictability. Overlapping area represents the amount of predictability between Bangkok Chain time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Bangkok Chain Hospital price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Bangkok Chain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Bangkok Chain Hospital lagged returns against current returns
Autocorrelation, which is Bangkok Chain 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 Bangkok Chain's stock expected returns. We can calculate the autocorrelation of Bangkok Chain returns to help us make a trade decision. For example, suppose you find that Bangkok Chain 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 |
Bangkok Chain 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 Bangkok Chain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bangkok Chain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bangkok Chain stock over time.
Current vs Lagged Prices |
| Timeline |
Bangkok Chain Lagged Returns
When evaluating Bangkok Chain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bangkok Chain stock have on its future price. Bangkok Chain 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, Bangkok Chain autocorrelation shows the relationship between Bangkok Chain stock current value and its past values and can show if there is a momentum factor associated with investing in Bangkok Chain Hospital.
Regressed Prices |
| Timeline |
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Bangkok Chain financial ratios help investors to determine whether Bangkok 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 Bangkok with respect to the benefits of owning Bangkok Chain security.