Chewathai Public (Thailand) Market Value
| CHEWA Stock | THB 0.40 0.01 2.44% |
| Symbol | Chewathai |
Chewathai Public '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 Chewathai Public'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 Chewathai Public.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Chewathai Public on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Chewathai Public or generate 0.0% return on investment in Chewathai Public over 360 days. Chewathai Public is related to or competes with East Coast, Hydrotek Public, and Chularat Hospital. Chewathai Public Company Limited develops, rents, and sells residential projects in Thailand More
Chewathai Public 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 Chewathai Public'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 Chewathai Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 5.0 |
Chewathai Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chewathai Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chewathai Public's standard deviation. In reality, there are many statistical measures that can use Chewathai Public historical prices to predict the future Chewathai Public's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 0.1886 |
Chewathai Public Backtested Returns
Chewathai Public secures Sharpe Ratio (or Efficiency) of -0.0413, which signifies that the company had a -0.0413% return per unit of standard deviation over the last 3 months. Chewathai Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chewathai Public's mean deviation of 2.65, and Risk Adjusted Performance of 0.0014 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chewathai Public are expected to decrease at a much lower rate. During the bear market, Chewathai Public is likely to outperform the market. At this point, Chewathai Public has a negative expected return of -0.19%. Please make sure to confirm Chewathai Public's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Chewathai Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Chewathai Public has weak reverse predictability. Overlapping area represents the amount of predictability between Chewathai Public time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Chewathai Public price movement. The serial correlation of -0.21 indicates that over 21.0% of current Chewathai Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chewathai Public lagged returns against current returns
Autocorrelation, which is Chewathai Public 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 Chewathai Public's stock expected returns. We can calculate the autocorrelation of Chewathai Public returns to help us make a trade decision. For example, suppose you find that Chewathai Public 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 |
Chewathai Public 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 Chewathai Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chewathai Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chewathai Public stock over time.
Current vs Lagged Prices |
| Timeline |
Chewathai Public Lagged Returns
When evaluating Chewathai Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chewathai Public stock have on its future price. Chewathai Public 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, Chewathai Public autocorrelation shows the relationship between Chewathai Public stock current value and its past values and can show if there is a momentum factor associated with investing in Chewathai Public.
Regressed Prices |
| Timeline |
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Chewathai Public financial ratios help investors to determine whether Chewathai 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 Chewathai with respect to the benefits of owning Chewathai Public security.