Mahachai Hospital (Thailand) Market Value
| M-CHAI Stock | THB 28.75 0.25 0.88% |
| Symbol | Mahachai |
Mahachai Hospital '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 Mahachai Hospital'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 Mahachai Hospital.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mahachai Hospital on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Mahachai Hospital Public or generate 0.0% return on investment in Mahachai Hospital over 180 days. Mahachai Hospital is related to or competes with Bangkok Dusit, CP ALL, Central Pattana, Airports, and Kasikornbank Public. Mahachai Hospital Public Company Limited operates private hospitals under the Mahachai Hospital name in Thailand More
Mahachai Hospital 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 Mahachai Hospital'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 Mahachai Hospital Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.15 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 3.23 |
Mahachai Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mahachai Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mahachai Hospital's standard deviation. In reality, there are many statistical measures that can use Mahachai Hospital historical prices to predict the future Mahachai Hospital's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.2589 |
Mahachai Hospital Public Backtested Returns
Mahachai Hospital is out of control given 3 months investment horizon. Mahachai Hospital Public has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to break down twenty-three different technical indicators, which can help you to evaluate if expected returns of 15.81% are justified by taking the suggested risk. Use Mahachai Hospital Public Mean Deviation of 1.04, risk adjusted performance of (0.04), and Standard Deviation of 1.68 to evaluate company specific risk that cannot be diversified away. Mahachai Hospital holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mahachai Hospital are expected to decrease at a much lower rate. During the bear market, Mahachai Hospital is likely to outperform the market. Use Mahachai Hospital Public potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to analyze future returns on Mahachai Hospital Public.
Auto-correlation | 0.18 |
Very weak predictability
Mahachai Hospital Public has very weak predictability. Overlapping area represents the amount of predictability between Mahachai Hospital time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Mahachai Hospital Public price movement. The serial correlation of 0.18 indicates that over 18.0% of current Mahachai Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 17.76 |
Mahachai Hospital Public lagged returns against current returns
Autocorrelation, which is Mahachai Hospital 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 Mahachai Hospital's stock expected returns. We can calculate the autocorrelation of Mahachai Hospital returns to help us make a trade decision. For example, suppose you find that Mahachai Hospital 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 |
Mahachai Hospital 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 Mahachai Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mahachai Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mahachai Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Mahachai Hospital Lagged Returns
When evaluating Mahachai Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mahachai Hospital stock have on its future price. Mahachai Hospital 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, Mahachai Hospital autocorrelation shows the relationship between Mahachai Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Mahachai Hospital Public.
Regressed Prices |
| Timeline |
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Mahachai Hospital financial ratios help investors to determine whether Mahachai 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 Mahachai with respect to the benefits of owning Mahachai Hospital security.