Country Group (Thailand) Market Value
| CGH Stock | THB 0.67 0.01 1.47% |
| Symbol | Country |
Country Group '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 Country Group'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 Country Group.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Country Group on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Country Group Holdings or generate 0.0% return on investment in Country Group over 30 days. Country Group is related to or competes with Asia Plus, Globlex Holding, Asia Green, and Amanah Leasing. Country Group Holdings Public Company Limited, through its subsidiary, Country Group Securities Public Company Limited, ... More
Country Group 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 Country Group'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 Country Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.82 |
Country Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Country Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Country Group's standard deviation. In reality, there are many statistical measures that can use Country Group historical prices to predict the future Country Group's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.127 |
Country Group Holdings Backtested Returns
Country Group Holdings secures Sharpe Ratio (or Efficiency) of -0.0561, which signifies that the company had a -0.0561% return per unit of risk over the last 3 months. Country Group Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Country Group's Mean Deviation of 0.8818, insignificant risk adjusted performance, and Standard Deviation of 1.49 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Country Group are expected to decrease at a much lower rate. During the bear market, Country Group is likely to outperform the market. At this point, Country Group Holdings has a negative expected return of -0.0828%. Please make sure to confirm Country Group's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Country Group Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Country Group Holdings has poor predictability. Overlapping area represents the amount of predictability between Country Group 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 Country Group Holdings price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Country Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Country Group Holdings lagged returns against current returns
Autocorrelation, which is Country Group 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 Country Group's stock expected returns. We can calculate the autocorrelation of Country Group returns to help us make a trade decision. For example, suppose you find that Country Group 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 |
Country Group 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 Country Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Country Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Country Group stock over time.
Current vs Lagged Prices |
| Timeline |
Country Group Lagged Returns
When evaluating Country Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Country Group stock have on its future price. Country Group 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, Country Group autocorrelation shows the relationship between Country Group stock current value and its past values and can show if there is a momentum factor associated with investing in Country Group Holdings.
Regressed Prices |
| Timeline |
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Country Group financial ratios help investors to determine whether Country 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 Country with respect to the benefits of owning Country Group security.