Chularat Hospital (Thailand) Market Value

CHG Stock  THB 2.64  0.04  1.54%   
Chularat Hospital's market value is the price at which a share of Chularat Hospital trades on a public exchange. It measures the collective expectations of Chularat Hospital Public investors about its performance. Chularat Hospital is selling for 2.64 as of the 26th of November 2024. This is a 1.54 percent increase since the beginning of the trading day. The stock's last reported lowest price was 2.58.
With this module, you can estimate the performance of a buy and hold strategy of Chularat Hospital Public and determine expected loss or profit from investing in Chularat Hospital over a given investment horizon. Check out Chularat Hospital Correlation, Chularat Hospital Volatility and Chularat Hospital Alpha and Beta module to complement your research on Chularat Hospital.
Symbol

Please note, there is a significant difference between Chularat Hospital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chularat Hospital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chularat Hospital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Chularat Hospital '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 Chularat Hospital'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 Chularat Hospital.
0.00
12/07/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/26/2024
0.00
If you would invest  0.00  in Chularat Hospital on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Chularat Hospital Public or generate 0.0% return on investment in Chularat Hospital over 720 days. Chularat Hospital is related to or competes with Bangkok Chain, Bangkok Dusit, Bumrungrad Hospital, AP Public, and BTS Group. Chularat Hospital Public Company Limited operates clinics and hospitals in Thailand More

Chularat Hospital 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 Chularat Hospital'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 Chularat Hospital Public upside and downside potential and time the market with a certain degree of confidence.

Chularat Hospital Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chularat Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chularat Hospital's standard deviation. In reality, there are many statistical measures that can use Chularat Hospital historical prices to predict the future Chularat Hospital's volatility.
Hype
Prediction
LowEstimatedHigh
0.692.644.59
Details
Intrinsic
Valuation
LowRealHigh
0.752.704.65
Details

Chularat Hospital Public Backtested Returns

As of now, Chularat Stock is moderately volatile. Chularat Hospital Public secures Sharpe Ratio (or Efficiency) of 0.0284, which signifies that the company had a 0.0284% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chularat Hospital Public, which you can use to evaluate the volatility of the firm. Please confirm Chularat Hospital's Mean Deviation of 1.52, risk adjusted performance of 0.0318, and Downside Deviation of 2.21 to double-check if the risk estimate we provide is consistent with the expected return of 0.0549%. Chularat Hospital has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chularat Hospital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chularat Hospital is expected to be smaller as well. Chularat Hospital Public right now shows a risk of 1.93%. Please confirm Chularat Hospital Public total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Chularat Hospital Public will be following its price patterns.

Auto-correlation

    
  0.69  

Good predictability

Chularat Hospital Public has good predictability. Overlapping area represents the amount of predictability between Chularat Hospital time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Chularat Hospital Public price movement. The serial correlation of 0.69 indicates that around 69.0% of current Chularat Hospital price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.34
Residual Average0.0
Price Variance0.04

Chularat Hospital Public lagged returns against current returns

Autocorrelation, which is Chularat Hospital 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 Chularat Hospital's stock expected returns. We can calculate the autocorrelation of Chularat Hospital returns to help us make a trade decision. For example, suppose you find that Chularat Hospital 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  

Chularat Hospital 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 Chularat Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chularat Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chularat Hospital stock over time.
   Current vs Lagged Prices   
       Timeline  

Chularat Hospital Lagged Returns

When evaluating Chularat Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chularat Hospital stock have on its future price. Chularat Hospital 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, Chularat Hospital autocorrelation shows the relationship between Chularat Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Chularat Hospital Public.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Chularat Stock

Chularat Hospital financial ratios help investors to determine whether Chularat 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 Chularat with respect to the benefits of owning Chularat Hospital security.