CK Power (Thailand) Market Value
| CKP-R Stock | THB 3.28 0.02 0.61% |
| Symbol | CKP-R |
CK Power '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 CK Power'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 CK Power.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in CK Power on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding CK Power Public or generate 0.0% return on investment in CK Power over 180 days. CK Power is related to or competes with Silicon Craft, Thai Rubber, Porn Prom, Hana Microelectronics, Turnkey Communication, Mena Transport, and Jasmine Telecom. CK Power Public Company Limited, through its subsidiaries, generates and sells electricity and steam in Thailand and int... More
CK Power 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 CK Power'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 CK Power Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 2.7 |
CK Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CK Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CK Power's standard deviation. In reality, there are many statistical measures that can use CK Power historical prices to predict the future CK Power's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.3453 |
CK Power Public Backtested Returns
CK Power Public retains Efficiency (Sharpe Ratio) of -0.0955, which signifies that the company had a -0.0955% return per unit of price deviation over the last 3 months. CK Power exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CK Power's Variance of 3.01, market risk adjusted performance of 0.3553, and Information Ratio of (0.17) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CK Power are expected to decrease at a much lower rate. During the bear market, CK Power is likely to outperform the market. At this point, CK Power Public has a negative expected return of -0.16%. Please make sure to confirm CK Power's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if CK Power Public performance from the past will be repeated sooner or later.
Auto-correlation | 0.49 |
Average predictability
CK Power Public has average predictability. Overlapping area represents the amount of predictability between CK Power time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 CK Power Public price movement. The serial correlation of 0.49 indicates that about 49.0% of current CK Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
CK Power Public lagged returns against current returns
Autocorrelation, which is CK Power 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 CK Power's stock expected returns. We can calculate the autocorrelation of CK Power returns to help us make a trade decision. For example, suppose you find that CK Power 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 |
CK Power 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 CK Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CK Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CK Power stock over time.
Current vs Lagged Prices |
| Timeline |
CK Power Lagged Returns
When evaluating CK Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CK Power stock have on its future price. CK Power 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, CK Power autocorrelation shows the relationship between CK Power stock current value and its past values and can show if there is a momentum factor associated with investing in CK Power Public.
Regressed Prices |
| Timeline |
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CK Power financial ratios help investors to determine whether CKP-R 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 CKP-R with respect to the benefits of owning CK Power security.