Charoen Pokphand (Indonesia) Market Value
| CPIN Stock | IDR 4,710 40.00 0.84% |
| Symbol | Charoen |
Charoen Pokphand '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 Charoen Pokphand'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 Charoen Pokphand.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Charoen Pokphand on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Charoen Pokphand Indonesia or generate 0.0% return on investment in Charoen Pokphand over 30 days. Charoen Pokphand is related to or competes with Japfa Comfeed, Kalbe Farma, PT Indofood, Semen Indonesia, and Indocement Tunggal. More
Charoen Pokphand 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 Charoen Pokphand'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 Charoen Pokphand Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.19 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.44 |
Charoen Pokphand Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charoen Pokphand's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charoen Pokphand's standard deviation. In reality, there are many statistical measures that can use Charoen Pokphand historical prices to predict the future Charoen Pokphand's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 1.52 |
Charoen Pokphand Ind Backtested Returns
Charoen Pokphand Ind secures Sharpe Ratio (or Efficiency) of -0.0467, which signifies that the company had a -0.0467% return per unit of standard deviation over the last 3 months. Charoen Pokphand Indonesia exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Charoen Pokphand's mean deviation of 1.22, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0669, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Charoen Pokphand are expected to decrease at a much lower rate. During the bear market, Charoen Pokphand is likely to outperform the market. At this point, Charoen Pokphand Ind has a negative expected return of -0.0791%. Please make sure to confirm Charoen Pokphand's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Charoen Pokphand Ind performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Charoen Pokphand Indonesia has good predictability. Overlapping area represents the amount of predictability between Charoen Pokphand time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Charoen Pokphand Ind price movement. The serial correlation of 0.69 indicates that around 69.0% of current Charoen Pokphand price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 3760.33 |
Charoen Pokphand Ind lagged returns against current returns
Autocorrelation, which is Charoen Pokphand 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 Charoen Pokphand's stock expected returns. We can calculate the autocorrelation of Charoen Pokphand returns to help us make a trade decision. For example, suppose you find that Charoen Pokphand 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 |
Charoen Pokphand 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 Charoen Pokphand stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charoen Pokphand stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charoen Pokphand stock over time.
Current vs Lagged Prices |
| Timeline |
Charoen Pokphand Lagged Returns
When evaluating Charoen Pokphand's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charoen Pokphand stock have on its future price. Charoen Pokphand 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, Charoen Pokphand autocorrelation shows the relationship between Charoen Pokphand stock current value and its past values and can show if there is a momentum factor associated with investing in Charoen Pokphand Indonesia.
Regressed Prices |
| Timeline |
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Charoen Pokphand financial ratios help investors to determine whether Charoen 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 Charoen with respect to the benefits of owning Charoen Pokphand security.