Chai Watana (Thailand) Market Value
| CWT Stock | THB 1.07 0.06 5.94% |
| Symbol | Chai |
Chai Watana '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 Chai Watana'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 Chai Watana.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Chai Watana on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Chai Watana Tannery or generate 0.0% return on investment in Chai Watana over 30 days. Chai Watana is related to or competes with SCB X, Kasikornbank Public, PTT Public, Kasikornbank Public, Siam Commercial, PTT Public, and Bangkok Bank. Chai Watana Tannery Group Public Company Limited manufactures and exports leather finished products More
Chai Watana 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 Chai Watana'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 Chai Watana Tannery upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.04 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.52 |
Chai Watana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chai Watana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chai Watana's standard deviation. In reality, there are many statistical measures that can use Chai Watana historical prices to predict the future Chai Watana's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (1.83) |
Chai Watana Tannery Backtested Returns
Chai Watana is out of control given 3 months investment horizon. Chai Watana Tannery secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.81% are justified by taking the suggested risk. Use Chai Watana risk adjusted performance of (0.08), and Mean Deviation of 1.25 to evaluate company specific risk that cannot be diversified away. Chai Watana holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chai Watana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chai Watana is expected to be smaller as well. Use Chai Watana market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to analyze future returns on Chai Watana.
Auto-correlation | -0.06 |
Very weak reverse predictability
Chai Watana Tannery has very weak reverse predictability. Overlapping area represents the amount of predictability between Chai Watana time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Chai Watana Tannery price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Chai Watana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chai Watana Tannery lagged returns against current returns
Autocorrelation, which is Chai Watana 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 Chai Watana's stock expected returns. We can calculate the autocorrelation of Chai Watana returns to help us make a trade decision. For example, suppose you find that Chai Watana 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 |
Chai Watana 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 Chai Watana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chai Watana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chai Watana stock over time.
Current vs Lagged Prices |
| Timeline |
Chai Watana Lagged Returns
When evaluating Chai Watana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chai Watana stock have on its future price. Chai Watana 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, Chai Watana autocorrelation shows the relationship between Chai Watana stock current value and its past values and can show if there is a momentum factor associated with investing in Chai Watana Tannery.
Regressed Prices |
| Timeline |
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Chai Watana financial ratios help investors to determine whether Chai 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 Chai with respect to the benefits of owning Chai Watana security.