CIMB Thai (Thailand) Market Value
| CIMBT Stock | THB 0.48 0.01 2.04% |
| Symbol | CIMB |
CIMB Thai '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 CIMB Thai'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 CIMB Thai.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in CIMB Thai on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding CIMB Thai Bank or generate 0.0% return on investment in CIMB Thai over 30 days. CIMB Thai is related to or competes with KGI Securities, Lalin Property, Hwa Fong, and MCS Steel. CIMB Thai Bank Public Company Limited provides various banking and financial products and services to individuals and co... More
CIMB Thai 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 CIMB Thai'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 CIMB Thai Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.41 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.96 |
CIMB Thai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIMB Thai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIMB Thai's standard deviation. In reality, there are many statistical measures that can use CIMB Thai historical prices to predict the future CIMB Thai's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.2771 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CIMB Thai's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CIMB Thai Bank Backtested Returns
CIMB Thai Bank secures Sharpe Ratio (or Efficiency) of -0.0774, which signifies that the company had a -0.0774% return per unit of risk over the last 3 months. CIMB Thai Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CIMB Thai's risk adjusted performance of (0.02), and Mean Deviation of 1.05 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CIMB Thai are expected to decrease at a much lower rate. During the bear market, CIMB Thai is likely to outperform the market. At this point, CIMB Thai Bank has a negative expected return of -0.12%. Please make sure to confirm CIMB Thai's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if CIMB Thai Bank performance from the past will be repeated in the future.
Auto-correlation | 0.77 |
Good predictability
CIMB Thai Bank has good predictability. Overlapping area represents the amount of predictability between CIMB Thai time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 CIMB Thai Bank price movement. The serial correlation of 0.77 indicates that around 77.0% of current CIMB Thai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CIMB Thai Bank lagged returns against current returns
Autocorrelation, which is CIMB Thai 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 CIMB Thai's stock expected returns. We can calculate the autocorrelation of CIMB Thai returns to help us make a trade decision. For example, suppose you find that CIMB Thai 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 |
CIMB Thai 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 CIMB Thai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIMB Thai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIMB Thai stock over time.
Current vs Lagged Prices |
| Timeline |
CIMB Thai Lagged Returns
When evaluating CIMB Thai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIMB Thai stock have on its future price. CIMB Thai 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, CIMB Thai autocorrelation shows the relationship between CIMB Thai stock current value and its past values and can show if there is a momentum factor associated with investing in CIMB Thai Bank.
Regressed Prices |
| Timeline |
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CIMB Thai financial ratios help investors to determine whether CIMB 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 CIMB with respect to the benefits of owning CIMB Thai security.