Chow Steel (Thailand) Market Value
| CHOW Stock | THB 1.99 0.01 0.50% |
| Symbol | Chow |
Chow Steel '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 Chow Steel'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 Chow Steel.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Chow Steel on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Chow Steel Industries or generate 0.0% return on investment in Chow Steel over 270 days. Chow Steel is related to or competes with Tata Steel, G J, POSCO Thainox, TMT Steel, MCS Steel, Pacific Pipe, and Capital Engineering. Chow Steel Industries Public Company Limited produces and sells steel billets in Thailand More
Chow Steel 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 Chow Steel'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 Chow Steel Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 26.47 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 2.34 |
Chow Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chow Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chow Steel's standard deviation. In reality, there are many statistical measures that can use Chow Steel historical prices to predict the future Chow Steel's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.7096 |
Chow Steel Industries Backtested Returns
Chow Steel is out of control given 3 months investment horizon. Chow Steel Industries secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 13.88% are justified by taking the suggested risk. Use Chow Steel Mean Deviation of 1.67, risk adjusted performance of (0.09), and Standard Deviation of 2.97 to evaluate company specific risk that cannot be diversified away. Chow Steel holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chow Steel are expected to decrease at a much lower rate. During the bear market, Chow Steel is likely to outperform the market. Use Chow Steel total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to analyze future returns on Chow Steel.
Auto-correlation | 0.00 |
No correlation between past and present
Chow Steel Industries has no correlation between past and present. Overlapping area represents the amount of predictability between Chow Steel time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Chow Steel Industries price movement. The serial correlation of 0.0 indicates that just 0.0% of current Chow Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Chow Steel Industries lagged returns against current returns
Autocorrelation, which is Chow Steel 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 Chow Steel's stock expected returns. We can calculate the autocorrelation of Chow Steel returns to help us make a trade decision. For example, suppose you find that Chow Steel 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 |
Chow Steel 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 Chow Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chow Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chow Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Chow Steel Lagged Returns
When evaluating Chow Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chow Steel stock have on its future price. Chow Steel 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, Chow Steel autocorrelation shows the relationship between Chow Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Chow Steel Industries.
Regressed Prices |
| Timeline |
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Chow Steel financial ratios help investors to determine whether Chow 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 Chow with respect to the benefits of owning Chow Steel security.