Capital Engineering (Thailand) Market Value
| CEN Stock | THB 2.00 0.01 0.50% |
| Symbol | Capital |
Capital Engineering '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 Capital Engineering'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 Capital Engineering.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Capital Engineering on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Capital Engineering Network or generate 0.0% return on investment in Capital Engineering over 720 days. Capital Engineering is related to or competes with PTT Public, PTT Exploration, CP ALL, and Kasikornbank Public. Capital Engineering Network Public Company Limited, through its subsidiaries, manufactures and distributes prestressed c... More
Capital Engineering 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 Capital Engineering'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 Capital Engineering Network upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.63 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 0.9804 |
Capital Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Engineering's standard deviation. In reality, there are many statistical measures that can use Capital Engineering historical prices to predict the future Capital Engineering's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (2.48) |
Capital Engineering Backtested Returns
Capital Engineering is out of control given 3 months investment horizon. Capital Engineering 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 twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.96% are justified by taking the suggested risk. Use Capital Engineering Standard Deviation of 0.8914, risk adjusted performance of (0.06), and Mean Deviation of 0.4836 to evaluate company specific risk that cannot be diversified away. Capital Engineering holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0325, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Capital Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital Engineering is expected to be smaller as well. Use Capital Engineering maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Capital Engineering.
Auto-correlation | 0.30 |
Below average predictability
Capital Engineering Network has below average predictability. Overlapping area represents the amount of predictability between Capital Engineering time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Capital Engineering price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Capital Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Capital Engineering lagged returns against current returns
Autocorrelation, which is Capital Engineering 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 Capital Engineering's stock expected returns. We can calculate the autocorrelation of Capital Engineering returns to help us make a trade decision. For example, suppose you find that Capital Engineering 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 |
Capital Engineering 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 Capital Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Capital Engineering Lagged Returns
When evaluating Capital Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital Engineering stock have on its future price. Capital Engineering 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, Capital Engineering autocorrelation shows the relationship between Capital Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Capital Engineering Network.
Regressed Prices |
| Timeline |
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Capital Engineering financial ratios help investors to determine whether Capital 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 Capital with respect to the benefits of owning Capital Engineering security.