Central Retail (Thailand) Market Value
| CRC Stock | THB 34.00 0.50 1.45% |
| 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.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Central Retail on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Central Retail or generate 0.0% return on investment in Central Retail over 450 days. Central Retail is related to or competes with CK Power, Thai Metal, Country Group, SPCG Public, Heng Leasing, Steel Public, and Pacific Pipe. 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.0835 | |||
| Maximum Drawdown | 12.56 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 4.03 |
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 | 0.1158 | |||
| Jensen Alpha | 0.36 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.084 | |||
| Treynor Ratio | (0.64) |
Central Retail Backtested Returns
Central Retail appears to be very steady, given 3 months investment horizon. Central Retail 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. We have found twenty-nine technical indicators for Central Retail, which you can use to evaluate the volatility of the firm. Please makes use of Central Retail's Downside Deviation of 2.18, risk adjusted performance of 0.1158, and Mean Deviation of 1.64 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Central Retail holds a performance score of 10. The firm shows a Beta (market volatility) of -0.47, which signifies possible diversification benefits within a given portfolio. 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. Please check Central Retail's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Central Retail's price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Central Retail has modest reverse predictability. Overlapping area represents the amount of predictability between Central Retail time series from 4th of September 2023 to 16th of April 2024 and 16th of April 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 Retail price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Central Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 3.88 |
Central Retail 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.
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.