Charan Insurance (Thailand) Market Value
| CHARAN Stock | THB 21.40 0.60 2.73% |
| Symbol | Charan |
Charan Insurance '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 Charan Insurance'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 Charan Insurance.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Charan Insurance on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Charan Insurance Public or generate 0.0% return on investment in Charan Insurance over 90 days. Charan Insurance is related to or competes with AIM Industrial, Thai Coating, Firetrade Engineering, K W, Wyncoast Industrial, CPR Gomu, and Premier Marketing. Charan Insurance Public Company Limited provides non-life insurance products in Thailand More
Charan Insurance 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 Charan Insurance'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 Charan Insurance Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 11.07 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.36 |
Charan Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charan Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charan Insurance's standard deviation. In reality, there are many statistical measures that can use Charan Insurance historical prices to predict the future Charan Insurance's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.384 |
Charan Insurance Public Backtested Returns
Charan Insurance Public secures Sharpe Ratio (or Efficiency) of -0.0465, which signifies that the company had a -0.0465% return per unit of standard deviation over the last 3 months. Charan Insurance Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Charan Insurance's mean deviation of 0.7113, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0867, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Charan Insurance are expected to decrease at a much lower rate. During the bear market, Charan Insurance is likely to outperform the market. At this point, Charan Insurance Public has a negative expected return of -0.0587%. Please make sure to confirm Charan Insurance's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if Charan Insurance Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Charan Insurance Public has no correlation between past and present. Overlapping area represents the amount of predictability between Charan Insurance time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 Charan Insurance Public price movement. The serial correlation of 0.0 indicates that just 0.0% of current Charan Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Charan Insurance Public lagged returns against current returns
Autocorrelation, which is Charan Insurance 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 Charan Insurance's stock expected returns. We can calculate the autocorrelation of Charan Insurance returns to help us make a trade decision. For example, suppose you find that Charan Insurance 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 |
Charan Insurance 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 Charan Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charan Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charan Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Charan Insurance Lagged Returns
When evaluating Charan Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charan Insurance stock have on its future price. Charan Insurance 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, Charan Insurance autocorrelation shows the relationship between Charan Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Charan Insurance Public.
Regressed Prices |
| Timeline |
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Charan Insurance financial ratios help investors to determine whether Charan 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 Charan with respect to the benefits of owning Charan Insurance security.