CENTRAL RETAIL (Thailand) Market Value
| CRC-R Stock | THB 33.50 5.75 14.65% |
| Symbol | CENTRAL |
CENTRAL RETAIL '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 RETAIL'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 RETAIL.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in CENTRAL RETAIL on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding CENTRAL RETAIL P or generate 0.0% return on investment in CENTRAL RETAIL over 720 days. CENTRAL RETAIL is related to or competes with Central Retail, Erawan, Autocorp Holding, XSpring Capital, Ditto Public, Jay Mart, and Airports. Central Retail Corporation Public Company Limited operates as a multi-format multi-category retailing platform in Southe... More
CENTRAL RETAIL 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 RETAIL'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 RETAIL P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) |
CENTRAL RETAIL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CENTRAL RETAIL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CENTRAL RETAIL's standard deviation. In reality, there are many statistical measures that can use CENTRAL RETAIL historical prices to predict the future CENTRAL RETAIL's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 2.12 |
CENTRAL RETAIL P Backtested Returns
CENTRAL RETAIL P secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. CENTRAL RETAIL P exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CENTRAL RETAIL's risk adjusted performance of (0.09), and Mean Deviation of 0.4372 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CENTRAL RETAIL are expected to decrease at a much lower rate. During the bear market, CENTRAL RETAIL is likely to outperform the market. At this point, CENTRAL RETAIL P has a negative expected return of -0.23%. Please make sure to confirm CENTRAL RETAIL's daily balance of power, and the relationship between the total risk alpha and day typical price , to decide if CENTRAL RETAIL P performance from the past will be repeated in the future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
CENTRAL RETAIL P has insignificant reverse predictability. Overlapping area represents the amount of predictability between CENTRAL RETAIL time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 CENTRAL RETAIL P price movement. The serial correlation of -0.19 indicates that over 19.0% of current CENTRAL RETAIL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
CENTRAL RETAIL P lagged returns against current returns
Autocorrelation, which is CENTRAL RETAIL 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 RETAIL's stock expected returns. We can calculate the autocorrelation of CENTRAL RETAIL returns to help us make a trade decision. For example, suppose you find that CENTRAL RETAIL 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 RETAIL 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 RETAIL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CENTRAL RETAIL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CENTRAL RETAIL stock over time.
Current vs Lagged Prices |
| Timeline |
CENTRAL RETAIL Lagged Returns
When evaluating CENTRAL RETAIL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CENTRAL RETAIL stock have on its future price. CENTRAL RETAIL 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 RETAIL autocorrelation shows the relationship between CENTRAL RETAIL stock current value and its past values and can show if there is a momentum factor associated with investing in CENTRAL RETAIL P.
Regressed Prices |
| Timeline |
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CENTRAL RETAIL 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 RETAIL security.