Centara Hotels (Thailand) Market Value
| CTARAF Stock | THB 4.58 0.02 0.43% |
| Symbol | Centara |
Centara Hotels '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 Centara Hotels' 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 Centara Hotels.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Centara Hotels on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Centara Hotels Resorts or generate 0.0% return on investment in Centara Hotels over 240 days. Centara Hotels is related to or competes with Delta Electronics, Delta Electronics, Airports, Airports, PTT Public, PTT Public, and Intouch Holdings. Centara Hotels and Resorts Leasehold Property Fund is a fund of Kasikorn Asset Management Co More
Centara Hotels 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 Centara Hotels' 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 Centara Hotels Resorts upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.78 |
Centara Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centara Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centara Hotels' standard deviation. In reality, there are many statistical measures that can use Centara Hotels historical prices to predict the future Centara Hotels' volatility.| Risk Adjusted Performance | 0.0181 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0548 |
Centara Hotels Resorts Backtested Returns
Centara Hotels is out of control given 3 months investment horizon. Centara Hotels Resorts 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 were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 28.65% are justified by taking the suggested risk. Use Centara Hotels Mean Deviation of 0.8305, risk adjusted performance of 0.0181, and Downside Deviation of 2.34 to evaluate company specific risk that cannot be diversified away. Centara Hotels holds a performance score of 12 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Centara Hotels' returns are expected to increase less than the market. However, during the bear market, the loss of holding Centara Hotels is expected to be smaller as well. Use Centara Hotels downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to analyze future returns on Centara Hotels.
Auto-correlation | -0.03 |
Very weak reverse predictability
Centara Hotels Resorts has very weak reverse predictability. Overlapping area represents the amount of predictability between Centara Hotels 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 Centara Hotels Resorts price movement. The serial correlation of -0.03 indicates that only 3.0% of current Centara Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Centara Hotels Resorts lagged returns against current returns
Autocorrelation, which is Centara Hotels 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 Centara Hotels' stock expected returns. We can calculate the autocorrelation of Centara Hotels returns to help us make a trade decision. For example, suppose you find that Centara Hotels 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 |
Centara Hotels 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 Centara Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centara Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centara Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Centara Hotels Lagged Returns
When evaluating Centara Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centara Hotels stock have on its future price. Centara Hotels 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, Centara Hotels autocorrelation shows the relationship between Centara Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Centara Hotels Resorts.
Regressed Prices |
| Timeline |
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Centara Hotels financial ratios help investors to determine whether Centara 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 Centara with respect to the benefits of owning Centara Hotels security.