Chonburi Concrete (Thailand) Market Value
| CCP Stock | THB 0.30 0.01 3.45% |
| Symbol | Chonburi |
Chonburi Concrete '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 Chonburi Concrete'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 Chonburi Concrete.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Chonburi Concrete on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Chonburi Concrete Product or generate 0.0% return on investment in Chonburi Concrete over 720 days. Chonburi Concrete is related to or competes with Dynasty Ceramic, Cal Comp, AP Public, Dcon Products, and BEC World. Chonburi Concrete Product Public Company Limited manufactures and distributes concrete products and ready mixed concrete... More
Chonburi Concrete 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 Chonburi Concrete'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 Chonburi Concrete Product upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.04 | |||
| Information Ratio | 0.1113 | |||
| Maximum Drawdown | 1003.33 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.45 |
Chonburi Concrete Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chonburi Concrete's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chonburi Concrete's standard deviation. In reality, there are many statistical measures that can use Chonburi Concrete historical prices to predict the future Chonburi Concrete's volatility.| Risk Adjusted Performance | 0.0961 | |||
| Jensen Alpha | 16.18 | |||
| Total Risk Alpha | (5.69) | |||
| Sortino Ratio | 0.4823 | |||
| Treynor Ratio | (0.83) |
Chonburi Concrete Product Backtested Returns
Chonburi Concrete is out of control given 3 months investment horizon. Chonburi Concrete Product secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 14.14% are justified by taking the suggested risk. Use Chonburi Concrete Mean Deviation of 30.81, risk adjusted performance of 0.0961, and Downside Deviation of 29.04 to evaluate company specific risk that cannot be diversified away. Chonburi Concrete holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -16.95, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Chonburi Concrete are expected to decrease by larger amounts. On the other hand, during market turmoil, Chonburi Concrete is expected to outperform it. Use Chonburi Concrete total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Chonburi Concrete.
Auto-correlation | 0.69 |
Good predictability
Chonburi Concrete Product has good predictability. Overlapping area represents the amount of predictability between Chonburi Concrete time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Chonburi Concrete Product price movement. The serial correlation of 0.69 indicates that around 69.0% of current Chonburi Concrete price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chonburi Concrete Product lagged returns against current returns
Autocorrelation, which is Chonburi Concrete 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 Chonburi Concrete's stock expected returns. We can calculate the autocorrelation of Chonburi Concrete returns to help us make a trade decision. For example, suppose you find that Chonburi Concrete 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 |
Chonburi Concrete 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 Chonburi Concrete stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chonburi Concrete stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chonburi Concrete stock over time.
Current vs Lagged Prices |
| Timeline |
Chonburi Concrete Lagged Returns
When evaluating Chonburi Concrete's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chonburi Concrete stock have on its future price. Chonburi Concrete 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, Chonburi Concrete autocorrelation shows the relationship between Chonburi Concrete stock current value and its past values and can show if there is a momentum factor associated with investing in Chonburi Concrete Product.
Regressed Prices |
| Timeline |
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Chonburi Concrete financial ratios help investors to determine whether Chonburi 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 Chonburi with respect to the benefits of owning Chonburi Concrete security.