Carabao Group (Thailand) Market Value
| CBG Stock | THB 79.50 0.75 0.95% |
| Symbol | Carabao |
Carabao Group '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 Carabao Group'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 Carabao Group.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Carabao Group on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Carabao Group Public or generate 0.0% return on investment in Carabao Group over 180 days. Carabao Group is related to or competes with CP ALL, Minor International, Srisawad Power, Home Product, and Advanced Info. Carabao Group Public Company Limited, through its subsidiaries, manufactures, markets, distributes, and sells beverages ... More
Carabao Group 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 Carabao Group'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 Carabao Group Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.0776 | |||
| Maximum Drawdown | 12.65 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.96 |
Carabao Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carabao Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carabao Group's standard deviation. In reality, there are many statistical measures that can use Carabao Group historical prices to predict the future Carabao Group's volatility.| Risk Adjusted Performance | 0.1124 | |||
| Jensen Alpha | 0.2595 | |||
| Total Risk Alpha | 0.0067 | |||
| Sortino Ratio | 0.0744 | |||
| Treynor Ratio | (0.99) |
Carabao Group Public Backtested Returns
Carabao Group appears to be very steady, given 3 months investment horizon. Carabao Group Public secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Carabao Group Public, which you can use to evaluate the volatility of the firm. Please makes use of Carabao Group's Mean Deviation of 1.23, risk adjusted performance of 0.1124, and Downside Deviation of 1.83 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carabao Group holds a performance score of 11. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Carabao Group are expected to decrease at a much lower rate. During the bear market, Carabao Group is likely to outperform the market. Please check Carabao Group's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Carabao Group's price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Carabao Group Public has good reverse predictability. Overlapping area represents the amount of predictability between Carabao Group time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Carabao Group Public price movement. The serial correlation of -0.54 indicates that about 54.0% of current Carabao Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 15.89 |
Carabao Group Public lagged returns against current returns
Autocorrelation, which is Carabao Group 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 Carabao Group's stock expected returns. We can calculate the autocorrelation of Carabao Group returns to help us make a trade decision. For example, suppose you find that Carabao Group 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 |
Carabao Group 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 Carabao Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carabao Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carabao Group stock over time.
Current vs Lagged Prices |
| Timeline |
Carabao Group Lagged Returns
When evaluating Carabao Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carabao Group stock have on its future price. Carabao Group 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, Carabao Group autocorrelation shows the relationship between Carabao Group stock current value and its past values and can show if there is a momentum factor associated with investing in Carabao Group Public.
Regressed Prices |
| Timeline |
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Carabao Group financial ratios help investors to determine whether Carabao 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 Carabao with respect to the benefits of owning Carabao Group security.