Major Cineplex (Thailand) Market Value
| MAJOR-R Stock | THB 14.09 0.33 2.29% |
| Symbol | Major |
Major Cineplex '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 Major Cineplex'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 Major Cineplex.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Major Cineplex on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Major Cineplex Group or generate 0.0% return on investment in Major Cineplex over 30 days. Major Cineplex is related to or competes with Indara Insurance, Mahachai Hospital, Rajthanee Hospital, Bumrungrad Hospital, Sriracha Construction, Muang Thai, and Praram 9. Major Cineplex Group Public Company Limited, together with its subsidiaries, operates as a lifestyle entertainment company primarily in Thailand. More
Major Cineplex 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 Major Cineplex'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 Major Cineplex Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 2.2 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.6944 |
Major Cineplex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Major Cineplex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Major Cineplex's standard deviation. In reality, there are many statistical measures that can use Major Cineplex historical prices to predict the future Major Cineplex's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 3.05 |
Major Cineplex Group Backtested Returns
Major Cineplex is out of control given 3 months investment horizon. Major Cineplex Group has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.48% are justified by taking the suggested risk. Use Major Cineplex Group Mean Deviation of 0.1681, standard deviation of 0.4254, and Risk Adjusted Performance of (0.07) to evaluate company specific risk that cannot be diversified away. Major Cineplex holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.0138, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Major Cineplex are expected to decrease at a much lower rate. During the bear market, Major Cineplex is likely to outperform the market. Use Major Cineplex Group value at risk, as well as the relationship between the daily balance of power and price action indicator , to analyze future returns on Major Cineplex Group.
Auto-correlation | 0.00 |
No correlation between past and present
Major Cineplex Group has no correlation between past and present. Overlapping area represents the amount of predictability between Major Cineplex time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Major Cineplex Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current Major Cineplex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Major Cineplex Group lagged returns against current returns
Autocorrelation, which is Major Cineplex 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 Major Cineplex's stock expected returns. We can calculate the autocorrelation of Major Cineplex returns to help us make a trade decision. For example, suppose you find that Major Cineplex 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 |
Major Cineplex 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 Major Cineplex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Major Cineplex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Major Cineplex stock over time.
Current vs Lagged Prices |
| Timeline |
Major Cineplex Lagged Returns
When evaluating Major Cineplex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Major Cineplex stock have on its future price. Major Cineplex 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, Major Cineplex autocorrelation shows the relationship between Major Cineplex stock current value and its past values and can show if there is a momentum factor associated with investing in Major Cineplex Group.
Regressed Prices |
| Timeline |
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When running Major Cineplex's price analysis, check to measure Major Cineplex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Major Cineplex is operating at the current time. Most of Major Cineplex's value examination focuses on studying past and present price action to predict the probability of Major Cineplex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Major Cineplex's price. Additionally, you may evaluate how the addition of Major Cineplex to your portfolios can decrease your overall portfolio volatility.