Chewathai Public (Thailand) Market Value
| CHEWA Stock | THB 0.37 0.01 2.63% |
| Symbol | Chewathai |
Chewathai Public '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 Chewathai Public'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 Chewathai Public.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chewathai Public on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Chewathai Public or generate 0.0% return on investment in Chewathai Public over 30 days. Chewathai Public is related to or competes with East Coast, Hydrotek Public, and Chularat Hospital. Chewathai Public Company Limited develops, rents, and sells residential projects in Thailand More
Chewathai Public 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 Chewathai Public'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 Chewathai Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 4.88 |
Chewathai Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chewathai Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chewathai Public's standard deviation. In reality, there are many statistical measures that can use Chewathai Public historical prices to predict the future Chewathai Public's volatility.| Risk Adjusted Performance | (0.0002) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 0.775 |
Chewathai Public Backtested Returns
Chewathai Public is out of control given 3 months investment horizon. Chewathai Public secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have analyzed twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.26% are justified by taking the suggested risk. Use Chewathai Public risk adjusted performance of (0.0002), and Mean Deviation of 2.55 to evaluate company specific risk that cannot be diversified away. Chewathai Public holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0766, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chewathai Public are expected to decrease at a much lower rate. During the bear market, Chewathai Public is likely to outperform the market. Use Chewathai Public potential upside, day median price, and the relationship between the total risk alpha and accumulation distribution , to analyze future returns on Chewathai Public.
Auto-correlation | 0.15 |
Insignificant predictability
Chewathai Public has insignificant predictability. Overlapping area represents the amount of predictability between Chewathai Public time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Chewathai Public price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Chewathai Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chewathai Public lagged returns against current returns
Autocorrelation, which is Chewathai Public 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 Chewathai Public's stock expected returns. We can calculate the autocorrelation of Chewathai Public returns to help us make a trade decision. For example, suppose you find that Chewathai Public 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 |
Chewathai Public 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 Chewathai Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chewathai Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chewathai Public stock over time.
Current vs Lagged Prices |
| Timeline |
Chewathai Public Lagged Returns
When evaluating Chewathai Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chewathai Public stock have on its future price. Chewathai Public 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, Chewathai Public autocorrelation shows the relationship between Chewathai Public stock current value and its past values and can show if there is a momentum factor associated with investing in Chewathai Public.
Regressed Prices |
| Timeline |
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Chewathai Public financial ratios help investors to determine whether Chewathai 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 Chewathai with respect to the benefits of owning Chewathai Public security.