Chememan Public (Thailand) Market Value
| CMAN Stock | THB 2.24 0.02 0.90% |
| Symbol | Chememan |
Chememan 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 Chememan 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 Chememan Public.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Chememan Public on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Chememan Public or generate 0.0% return on investment in Chememan Public over 30 days. Chememan Public is related to or competes with Sri Trang, Jay Mart, Com7 PCL, Energy Absolute, and Minor International. Chememan Public Company Limited manufactures and distributes mineral lime and chemical products in Thailand More
Chememan 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 Chememan 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 Chememan Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 1.92 |
Chememan Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chememan Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chememan Public's standard deviation. In reality, there are many statistical measures that can use Chememan Public historical prices to predict the future Chememan Public's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 1.88 |
Chememan Public Backtested Returns
Chememan Public secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Chememan Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chememan Public's risk adjusted performance of (0.11), and Mean Deviation of 1.27 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chememan Public are expected to decrease at a much lower rate. During the bear market, Chememan Public is likely to outperform the market. At this point, Chememan Public has a negative expected return of -0.18%. Please make sure to confirm Chememan Public's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Chememan Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Chememan Public has modest predictability. Overlapping area represents the amount of predictability between Chememan Public time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Chememan Public price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Chememan Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chememan Public lagged returns against current returns
Autocorrelation, which is Chememan 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 Chememan Public's stock expected returns. We can calculate the autocorrelation of Chememan Public returns to help us make a trade decision. For example, suppose you find that Chememan 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 |
Chememan 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 Chememan Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chememan Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chememan Public stock over time.
Current vs Lagged Prices |
| Timeline |
Chememan Public Lagged Returns
When evaluating Chememan Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chememan Public stock have on its future price. Chememan 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, Chememan Public autocorrelation shows the relationship between Chememan Public stock current value and its past values and can show if there is a momentum factor associated with investing in Chememan Public.
Regressed Prices |
| Timeline |
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Chememan Public financial ratios help investors to determine whether Chememan 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 Chememan with respect to the benefits of owning Chememan Public security.