CPN Commercial (Thailand) Market Value
| CPNCG Stock | THB 6.10 0.05 0.83% |
| Symbol | CPN |
CPN Commercial '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 CPN Commercial'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 CPN Commercial.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in CPN Commercial on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding CPN Commercial Growth or generate 0.0% return on investment in CPN Commercial over 240 days. CPN Commercial is related to or competes with Digital Telecommunicatio, Prime Office, CPN Retail, and Dynasty Ceramic. CPN Commercial Growth Leasehold Property Fund invests in real estate More
CPN Commercial 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 CPN Commercial'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 CPN Commercial Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.0404 | |||
| Maximum Drawdown | 7.48 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.52 |
CPN Commercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CPN Commercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CPN Commercial's standard deviation. In reality, there are many statistical measures that can use CPN Commercial historical prices to predict the future CPN Commercial's volatility.| Risk Adjusted Performance | 0.1099 | |||
| Jensen Alpha | 0.2047 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0332 | |||
| Treynor Ratio | (1.18) |
CPN Commercial Growth Backtested Returns
At this point, CPN Commercial is somewhat reliable. CPN Commercial Growth secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CPN Commercial Growth, which you can use to evaluate the volatility of the firm. Please confirm CPN Commercial's risk adjusted performance of 0.1099, and Mean Deviation of 1.02 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. CPN Commercial has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CPN Commercial are expected to decrease at a much lower rate. During the bear market, CPN Commercial is likely to outperform the market. CPN Commercial Growth currently shows a risk of 1.42%. Please confirm CPN Commercial Growth total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if CPN Commercial Growth will be following its price patterns.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
CPN Commercial Growth has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CPN Commercial time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 CPN Commercial Growth price movement. The serial correlation of -0.75 indicates that around 75.0% of current CPN Commercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
CPN Commercial Growth lagged returns against current returns
Autocorrelation, which is CPN Commercial 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 CPN Commercial's stock expected returns. We can calculate the autocorrelation of CPN Commercial returns to help us make a trade decision. For example, suppose you find that CPN Commercial 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 |
CPN Commercial 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 CPN Commercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CPN Commercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CPN Commercial stock over time.
Current vs Lagged Prices |
| Timeline |
CPN Commercial Lagged Returns
When evaluating CPN Commercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CPN Commercial stock have on its future price. CPN Commercial 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, CPN Commercial autocorrelation shows the relationship between CPN Commercial stock current value and its past values and can show if there is a momentum factor associated with investing in CPN Commercial Growth.
Regressed Prices |
| Timeline |
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CPN Commercial financial ratios help investors to determine whether CPN 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 CPN with respect to the benefits of owning CPN Commercial security.