Chayo Group (Thailand) Market Value
| CHAYO Stock | THB 3.08 0.02 0.65% |
| Symbol | Chayo |
Chayo 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 Chayo 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 Chayo Group.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Chayo Group on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Chayo Group Public or generate 0.0% return on investment in Chayo Group over 720 days. Chayo Group is related to or competes with JMT Network, Srisawad Power, Carabao Group, Muangthai Capital, and Com7 PCL. Chayo Group Public Company Limited, together with its subsidiaries, invests in and manages non-performing loans More
Chayo 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 Chayo 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 Chayo Group Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.06 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 4.64 |
Chayo Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chayo Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chayo Group's standard deviation. In reality, there are many statistical measures that can use Chayo Group historical prices to predict the future Chayo Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (3.05) |
Chayo Group Public Backtested Returns
Chayo Group Public secures Sharpe Ratio (or Efficiency) of -0.0439, which signifies that the company had a -0.0439% return per unit of standard deviation over the last 3 months. Chayo Group Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chayo Group's mean deviation of 1.95, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0189, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chayo Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chayo Group is expected to be smaller as well. At this point, Chayo Group Public has a negative expected return of -0.12%. Please make sure to confirm Chayo Group's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Chayo Group Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Chayo Group Public has good predictability. Overlapping area represents the amount of predictability between Chayo Group time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Chayo Group Public price movement. The serial correlation of 0.71 indicates that around 71.0% of current Chayo Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Chayo Group Public lagged returns against current returns
Autocorrelation, which is Chayo 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 Chayo Group's stock expected returns. We can calculate the autocorrelation of Chayo Group returns to help us make a trade decision. For example, suppose you find that Chayo 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 |
Chayo 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 Chayo Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chayo Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chayo Group stock over time.
Current vs Lagged Prices |
| Timeline |
Chayo Group Lagged Returns
When evaluating Chayo Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chayo Group stock have on its future price. Chayo 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, Chayo Group autocorrelation shows the relationship between Chayo Group stock current value and its past values and can show if there is a momentum factor associated with investing in Chayo Group Public.
Regressed Prices |
| Timeline |
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Chayo Group financial ratios help investors to determine whether Chayo 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 Chayo with respect to the benefits of owning Chayo Group security.