Chamni Eye (Thailand) Market Value
| CEYE Stock | 2.94 0.04 1.34% |
| Symbol | Chamni |
Chamni Eye '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 Chamni Eye'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 Chamni Eye.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Chamni Eye on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Chamni Eye PCL or generate 0.0% return on investment in Chamni Eye over 30 days. Chamni Eye is related to or competes with Bioscience Animal, CAZ Public, and Home Pottery. More
Chamni Eye 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 Chamni Eye'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 Chamni Eye PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.07 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.03 |
Chamni Eye Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chamni Eye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chamni Eye's standard deviation. In reality, there are many statistical measures that can use Chamni Eye historical prices to predict the future Chamni Eye's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.3356 |
Chamni Eye PCL Backtested Returns
Chamni Eye PCL secures Sharpe Ratio (or Efficiency) of -0.0986, which signifies that the company had a -0.0986% return per unit of standard deviation over the last 3 months. Chamni Eye PCL exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chamni Eye's mean deviation of 1.02, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chamni Eye are expected to decrease at a much lower rate. During the bear market, Chamni Eye is likely to outperform the market. At this point, Chamni Eye PCL has a negative expected return of -0.13%. Please make sure to confirm Chamni Eye's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Chamni Eye PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Chamni Eye PCL has below average predictability. Overlapping area represents the amount of predictability between Chamni Eye time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 Chamni Eye PCL price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Chamni Eye price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chamni Eye PCL lagged returns against current returns
Autocorrelation, which is Chamni Eye 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 Chamni Eye's stock expected returns. We can calculate the autocorrelation of Chamni Eye returns to help us make a trade decision. For example, suppose you find that Chamni Eye 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 |
Chamni Eye 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 Chamni Eye stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chamni Eye stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chamni Eye stock over time.
Current vs Lagged Prices |
| Timeline |
Chamni Eye Lagged Returns
When evaluating Chamni Eye's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chamni Eye stock have on its future price. Chamni Eye 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, Chamni Eye autocorrelation shows the relationship between Chamni Eye stock current value and its past values and can show if there is a momentum factor associated with investing in Chamni Eye PCL.
Regressed Prices |
| Timeline |
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Chamni Eye financial ratios help investors to determine whether Chamni 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 Chamni with respect to the benefits of owning Chamni Eye security.