Chularat Hospital (Thailand) Market Value
| CHG Stock | THB 2.64 0.04 1.54% |
| Symbol | Chularat |
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.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Chularat Hospital on January 31, 2024 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 300 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.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.48 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 2.88 |
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.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.14 |
Chularat Hospital Public Backtested Returns
As of now, Chularat Stock is moderately volatile. Chularat Hospital Public secures Sharpe Ratio (or Efficiency) of 0.0286, which signifies that the company had a 0.0286% 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 Downside Deviation of 2.28, risk adjusted performance of 0.028, and Mean Deviation of 1.53 to double-check if the risk estimate we provide is consistent with the expected return of 0.0558%. Chularat Hospital has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.33, 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 1.95%. 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 | -0.06 |
Very weak reverse predictability
Chularat Hospital Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Chularat Hospital time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 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 -0.06 indicates that barely 6.0% of current Chularat Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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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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.