Chiangmai Frozen (Thailand) Market Value
| CM Stock | THB 2.06 0.02 0.98% |
| Symbol | Chiangmai |
Chiangmai Frozen '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 Chiangmai Frozen'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 Chiangmai Frozen.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chiangmai Frozen on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Chiangmai Frozen Foods or generate 0.0% return on investment in Chiangmai Frozen over 300 days. Chiangmai Frozen is related to or competes with Surapon Foods, Tipco Foods, and Tropical Canning. Chiangmai Frozen Foods Public Company Limited manufactures and exports frozen vegetables in Thailand and internationally More
Chiangmai Frozen 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 Chiangmai Frozen'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 Chiangmai Frozen Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 1.87 |
Chiangmai Frozen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chiangmai Frozen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chiangmai Frozen's standard deviation. In reality, there are many statistical measures that can use Chiangmai Frozen historical prices to predict the future Chiangmai Frozen's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 6.3 |
Chiangmai Frozen Foods Backtested Returns
Chiangmai Frozen is out of control given 3 months investment horizon. Chiangmai Frozen Foods 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 have analyzed twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.37% are justified by taking the suggested risk. Use Chiangmai Frozen Risk Adjusted Performance of (0.08), mean deviation of 0.8286, and Standard Deviation of 1.23 to evaluate company specific risk that cannot be diversified away. Chiangmai Frozen holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0227, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chiangmai Frozen are expected to decrease at a much lower rate. During the bear market, Chiangmai Frozen is likely to outperform the market. Use Chiangmai Frozen jensen alpha, value at risk, accumulation distribution, as well as the relationship between the treynor ratio and skewness , to analyze future returns on Chiangmai Frozen.
Auto-correlation | 0.02 |
Virtually no predictability
Chiangmai Frozen Foods has virtually no predictability. Overlapping area represents the amount of predictability between Chiangmai Frozen time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Chiangmai Frozen Foods price movement. The serial correlation of 0.02 indicates that only 2.0% of current Chiangmai Frozen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Chiangmai Frozen Foods lagged returns against current returns
Autocorrelation, which is Chiangmai Frozen 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 Chiangmai Frozen's stock expected returns. We can calculate the autocorrelation of Chiangmai Frozen returns to help us make a trade decision. For example, suppose you find that Chiangmai Frozen 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 |
Chiangmai Frozen 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 Chiangmai Frozen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chiangmai Frozen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chiangmai Frozen stock over time.
Current vs Lagged Prices |
| Timeline |
Chiangmai Frozen Lagged Returns
When evaluating Chiangmai Frozen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chiangmai Frozen stock have on its future price. Chiangmai Frozen 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, Chiangmai Frozen autocorrelation shows the relationship between Chiangmai Frozen stock current value and its past values and can show if there is a momentum factor associated with investing in Chiangmai Frozen Foods.
Regressed Prices |
| Timeline |
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Chiangmai Frozen financial ratios help investors to determine whether Chiangmai 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 Chiangmai with respect to the benefits of owning Chiangmai Frozen security.