Central Plaza (Thailand) Market Value
| CENTEL-R | THB 37.50 0.01 0.03% |
| Symbol | Central |
Central Plaza '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 Central Plaza'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 Central Plaza.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Central Plaza on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Central Plaza Hotel or generate 0.0% return on investment in Central Plaza over 30 days. Central Plaza is related to or competes with Mena Transport, CIMB Thai, Kiattana Transport, Bangkok Sheet, Bank of Ayudhya, Absolute Clean, and Krung Thai. Central Plaza Hotel Public Company Limited, together with its subsidiaries, engages in hotel and resort business. More
Central Plaza 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 Central Plaza'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 Central Plaza Hotel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0208 | |||
| Maximum Drawdown | 50.05 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.5094 |
Central Plaza Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Plaza's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Plaza's standard deviation. In reality, there are many statistical measures that can use Central Plaza historical prices to predict the future Central Plaza's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.2841 | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Central Plaza's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Central Plaza Hotel Backtested Returns
Central Plaza is out of control given 3 months investment horizon. Central Plaza Hotel secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.0% are justified by taking the suggested risk. Use Central Plaza Risk Adjusted Performance of 0.0432, mean deviation of 1.02, and Standard Deviation of 4.55 to evaluate company specific risk that cannot be diversified away. Central Plaza holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Central Plaza are expected to decrease at a much lower rate. During the bear market, Central Plaza is likely to outperform the market. Use Central Plaza accumulation distribution, and the relationship between the value at risk and day typical price , to analyze future returns on Central Plaza.
Auto-correlation | 0.09 |
Virtually no predictability
Central Plaza Hotel has virtually no predictability. Overlapping area represents the amount of predictability between Central Plaza time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Central Plaza Hotel price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Central Plaza price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Central Plaza Hotel lagged returns against current returns
Autocorrelation, which is Central Plaza 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 Central Plaza's stock expected returns. We can calculate the autocorrelation of Central Plaza returns to help us make a trade decision. For example, suppose you find that Central Plaza 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 |
Central Plaza 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 Central Plaza stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Plaza stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Plaza stock over time.
Current vs Lagged Prices |
| Timeline |
Central Plaza Lagged Returns
When evaluating Central Plaza's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Plaza stock have on its future price. Central Plaza 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, Central Plaza autocorrelation shows the relationship between Central Plaza stock current value and its past values and can show if there is a momentum factor associated with investing in Central Plaza Hotel.
Regressed Prices |
| Timeline |
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Central Plaza financial ratios help investors to determine whether Central 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 Central with respect to the benefits of owning Central Plaza security.