Chayo Group (Thailand) Market Value

CHAYO Stock  THB 3.00  0.06  1.96%   
Chayo Group's market value is the price at which a share of Chayo Group trades on a public exchange. It measures the collective expectations of Chayo Group Public investors about its performance. Chayo Group is trading at 3.00 as of the 15th of December 2024, a 1.96 percent decrease since the beginning of the trading day. The stock's open price was 3.06.
With this module, you can estimate the performance of a buy and hold strategy of Chayo Group Public and determine expected loss or profit from investing in Chayo Group over a given investment horizon. Check out Chayo Group Correlation, Chayo Group Volatility and Chayo Group Alpha and Beta module to complement your research on Chayo Group.
Symbol

Please note, there is a significant difference between Chayo Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chayo Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chayo Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Chayo Group '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 Chayo Group'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 Chayo Group.
0.00
11/15/2024
No Change 0.00  0.0 
In 30 days
12/15/2024
0.00
If you would invest  0.00  in Chayo Group on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Chayo Group Public or generate 0.0% return on investment in Chayo Group over 30 days. Chayo Group is related to or competes with JMT Network, Srisawad Power, Carabao Group, Muangthai Capital, and Com7 PCL. Chayo Group Public Company Limited, together with its subsidiaries, invests in and manages non-performing loans More

Chayo Group 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 Chayo Group'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 Chayo Group Public upside and downside potential and time the market with a certain degree of confidence.

Chayo Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chayo Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chayo Group's standard deviation. In reality, there are many statistical measures that can use Chayo Group historical prices to predict the future Chayo Group's volatility.
Hype
Prediction
LowEstimatedHigh
0.733.005.27
Details
Intrinsic
Valuation
LowRealHigh
1.093.365.63
Details
Naive
Forecast
LowNextHigh
0.733.005.27
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.913.133.35
Details

Chayo Group Public Backtested Returns

Chayo Group Public secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had a -0.22% return per unit of standard deviation over the last 3 months. Chayo Group Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chayo Group's risk adjusted performance of (0.15), and Mean Deviation of 1.53 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0373, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chayo Group are expected to decrease at a much lower rate. During the bear market, Chayo Group is likely to outperform the market. At this point, Chayo Group Public has a negative expected return of -0.5%. Please make sure to confirm Chayo Group's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Chayo Group Public performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.28  

Poor predictability

Chayo Group Public has poor predictability. Overlapping area represents the amount of predictability between Chayo Group time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Chayo Group Public price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Chayo Group price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.22
Residual Average0.0
Price Variance0.0

Chayo Group Public lagged returns against current returns

Autocorrelation, which is Chayo Group 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 Chayo Group's stock expected returns. We can calculate the autocorrelation of Chayo Group returns to help us make a trade decision. For example, suppose you find that Chayo Group 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  

Chayo Group 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 Chayo Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chayo Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chayo Group stock over time.
   Current vs Lagged Prices   
       Timeline  

Chayo Group Lagged Returns

When evaluating Chayo Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chayo Group stock have on its future price. Chayo Group 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, Chayo Group autocorrelation shows the relationship between Chayo Group stock current value and its past values and can show if there is a momentum factor associated with investing in Chayo Group Public.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Chayo Stock

Chayo Group financial ratios help investors to determine whether Chayo 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 Chayo with respect to the benefits of owning Chayo Group security.