Chukai Public (Thailand) Market Value
| CRANE Stock | THB 0.62 0.01 1.64% |
| Symbol | Chukai |
Chukai Public '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 Chukai Public'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 Chukai Public.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chukai Public on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Chukai Public or generate 0.0% return on investment in Chukai Public over 30 days. Chukai Public is related to or competes with Tata Steel, Thaifoods Group, TMT Steel, Erawan, Eastern Technical, Asian Sea, and ONE Enterprise. Chu kai Public Company Limited, together with its subsidiaries, engages in the trading, repairing, maintenance, rental, ... More
Chukai Public 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 Chukai Public'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 Chukai Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 2.6 |
Chukai Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chukai Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chukai Public's standard deviation. In reality, there are many statistical measures that can use Chukai Public historical prices to predict the future Chukai Public's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (3.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chukai Public's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chukai Public Backtested Returns
Chukai Public is out of control given 3 months investment horizon. Chukai Public 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-three different technical indicators, which can help you to evaluate if expected returns of 14.15% are justified by taking the suggested risk. Use Chukai Public Risk Adjusted Performance of (0.18), standard deviation of 1.82, and Mean Deviation of 1.4 to evaluate company specific risk that cannot be diversified away. Chukai Public holds a performance score of 8 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, Chukai Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chukai Public is expected to be smaller as well. Use Chukai Public potential upside and the relationship between the accumulation distribution and price action indicator , to analyze future returns on Chukai Public.
Auto-correlation | 0.36 |
Below average predictability
Chukai Public has below average predictability. Overlapping area represents the amount of predictability between Chukai Public time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Chukai Public price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Chukai Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chukai Public lagged returns against current returns
Autocorrelation, which is Chukai Public 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 Chukai Public's stock expected returns. We can calculate the autocorrelation of Chukai Public returns to help us make a trade decision. For example, suppose you find that Chukai Public 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 |
Chukai Public 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 Chukai Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chukai Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chukai Public stock over time.
Current vs Lagged Prices |
| Timeline |
Chukai Public Lagged Returns
When evaluating Chukai Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chukai Public stock have on its future price. Chukai Public 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, Chukai Public autocorrelation shows the relationship between Chukai Public stock current value and its past values and can show if there is a momentum factor associated with investing in Chukai Public.
Regressed Prices |
| Timeline |
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Chukai Public financial ratios help investors to determine whether Chukai 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 Chukai with respect to the benefits of owning Chukai Public security.