Major Cineplex (Thailand) Market Value
| MAJOR Stock | THB 14.50 0.10 0.68% |
| Symbol | Major |
Major Cineplex '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 Major Cineplex'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 Major Cineplex.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Major Cineplex on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Major Cineplex Group or generate 0.0% return on investment in Major Cineplex over 720 days. Major Cineplex is related to or competes with Home Product, Land, Minor International, Advanced Info, and BTS Group. Major Cineplex Group Public Company Limited, together with its subsidiaries, operates as a lifestyle entertainment compa... More
Major Cineplex 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 Major Cineplex'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 Major Cineplex Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.92 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.13 |
Major Cineplex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Major Cineplex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Major Cineplex's standard deviation. In reality, there are many statistical measures that can use Major Cineplex historical prices to predict the future Major Cineplex's volatility.| Risk Adjusted Performance | 0.0503 | |||
| Jensen Alpha | 0.0519 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3865 |
Major Cineplex Group Backtested Returns
At this point, Major Cineplex is very steady. Major Cineplex Group has Sharpe Ratio of 0.0148, which conveys that the firm had a 0.0148% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Major Cineplex, which you can use to evaluate the volatility of the firm. Please verify Major Cineplex's Downside Deviation of 1.44, risk adjusted performance of 0.0503, and Mean Deviation of 1.06 to check out if the risk estimate we provide is consistent with the expected return of 0.0211%. Major Cineplex has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Major Cineplex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Major Cineplex is expected to be smaller as well. Major Cineplex Group right now secures a risk of 1.43%. Please verify Major Cineplex Group downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Major Cineplex Group will be following its current price movements.
Auto-correlation | 0.12 |
Insignificant predictability
Major Cineplex Group has insignificant predictability. Overlapping area represents the amount of predictability between Major Cineplex time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Major Cineplex Group price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Major Cineplex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Major Cineplex Group lagged returns against current returns
Autocorrelation, which is Major Cineplex 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 Major Cineplex's stock expected returns. We can calculate the autocorrelation of Major Cineplex returns to help us make a trade decision. For example, suppose you find that Major Cineplex 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 |
Major Cineplex 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 Major Cineplex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Major Cineplex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Major Cineplex stock over time.
Current vs Lagged Prices |
| Timeline |
Major Cineplex Lagged Returns
When evaluating Major Cineplex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Major Cineplex stock have on its future price. Major Cineplex 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, Major Cineplex autocorrelation shows the relationship between Major Cineplex stock current value and its past values and can show if there is a momentum factor associated with investing in Major Cineplex Group.
Regressed Prices |
| Timeline |
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Major Cineplex financial ratios help investors to determine whether Major 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 Major with respect to the benefits of owning Major Cineplex security.