Central Pattana (Thailand) Market Value
| CPN-R Stock | THB 60.75 0.29 0.48% |
| Symbol | Central |
Central Pattana '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 Central Pattana'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 Central Pattana.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Central Pattana on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Central Pattana Public or generate 0.0% return on investment in Central Pattana over 60 days. Central Pattana is related to or competes with CP ALL, Airports, Bangkok Expressway, Siam Cement, and Siam Commercial. Central Pattana Public Company Limited develops and manages real estate properties in Thailand. More
Central Pattana 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 Central Pattana'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 Central Pattana Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.13 |
Central Pattana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Pattana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Pattana's standard deviation. In reality, there are many statistical measures that can use Central Pattana historical prices to predict the future Central Pattana's volatility.| Risk Adjusted Performance | 0.029 | |||
| Jensen Alpha | 0.0247 | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.309 |
Central Pattana Public Backtested Returns
Central Pattana is out of control given 3 months investment horizon. Central Pattana Public secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have analyzed twenty-two different technical indicators, which can help you to evaluate if expected returns of 28.62% are justified by taking the suggested risk. Use Central Pattana Standard Deviation of 1.63, mean deviation of 0.3309, and Risk Adjusted Performance of 0.029 to evaluate company specific risk that cannot be diversified away. Central Pattana holds a performance score of 12 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Central Pattana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Pattana is expected to be smaller as well. Use Central Pattana accumulation distribution, and the relationship between the treynor ratio and day median price , to analyze future returns on Central Pattana.
Auto-correlation | -0.06 |
Very weak reverse predictability
Central Pattana Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Central Pattana time series from 28th of September 2024 to 28th of October 2024 and 28th of October 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 Central Pattana Public price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Central Pattana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
Central Pattana Public lagged returns against current returns
Autocorrelation, which is Central Pattana 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 Central Pattana's stock expected returns. We can calculate the autocorrelation of Central Pattana returns to help us make a trade decision. For example, suppose you find that Central Pattana 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 |
Central Pattana 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 Central Pattana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Pattana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Pattana stock over time.
Current vs Lagged Prices |
| Timeline |
Central Pattana Lagged Returns
When evaluating Central Pattana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Pattana stock have on its future price. Central Pattana 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, Central Pattana autocorrelation shows the relationship between Central Pattana stock current value and its past values and can show if there is a momentum factor associated with investing in Central Pattana Public.
Regressed Prices |
| Timeline |
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Central Pattana financial ratios help investors to determine whether Central 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 Central with respect to the benefits of owning Central Pattana security.