Central Plaza (Thailand) Market Value
| CENTEL Stock | THB 37.50 0.25 0.67% |
| Symbol | Central |
Central Plaza '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 Plaza'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 Plaza.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Central Plaza on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Central Plaza Hotel or generate 0.0% return on investment in Central Plaza over 180 days. Central Plaza is related to or competes with Minor International, Central Pattana, CP ALL, Bangkok Dusit, and Airports. Central Plaza Hotel Public Company Limited, together with its subsidiaries, operates in the hotel business in Thailand a... More
Central Plaza 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 Plaza'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 Plaza Hotel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.007 | |||
| Maximum Drawdown | 10.59 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.03 |
Central Plaza Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Plaza's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Plaza's standard deviation. In reality, there are many statistical measures that can use Central Plaza historical prices to predict the future Central Plaza's volatility.| Risk Adjusted Performance | 0.0506 | |||
| Jensen Alpha | 0.129 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0073 | |||
| Treynor Ratio | (1.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Central Plaza's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Central Plaza Hotel Backtested Returns
At this point, Central Plaza is very steady. Central Plaza Hotel secures Sharpe Ratio (or Efficiency) of 0.0356, which signifies that the company had a 0.0356% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Central Plaza Hotel, which you can use to evaluate the volatility of the firm. Please confirm Central Plaza's Mean Deviation of 1.72, risk adjusted performance of 0.0506, and Downside Deviation of 2.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0763%. Central Plaza has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0966, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Central Plaza are expected to decrease at a much lower rate. During the bear market, Central Plaza is likely to outperform the market. Central Plaza Hotel right now shows a risk of 2.14%. Please confirm Central Plaza Hotel sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Central Plaza Hotel will be following its price patterns.
Auto-correlation | 0.43 |
Average predictability
Central Plaza Hotel has average predictability. Overlapping area represents the amount of predictability between Central Plaza time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Plaza Hotel price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Central Plaza price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 3.2 |
Central Plaza Hotel lagged returns against current returns
Autocorrelation, which is Central Plaza 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 Plaza's stock expected returns. We can calculate the autocorrelation of Central Plaza returns to help us make a trade decision. For example, suppose you find that Central Plaza 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 Plaza 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 Plaza stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Plaza stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Plaza stock over time.
Current vs Lagged Prices |
| Timeline |
Central Plaza Lagged Returns
When evaluating Central Plaza's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Plaza stock have on its future price. Central Plaza 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 Plaza autocorrelation shows the relationship between Central Plaza stock current value and its past values and can show if there is a momentum factor associated with investing in Central Plaza Hotel.
Regressed Prices |
| Timeline |
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Central Plaza 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 Plaza security.