Cho Thavee (Thailand) Market Value
| CHO Stock | THB 0.03 0.01 25.00% |
| Symbol | Cho |
Cho Thavee '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 Cho Thavee'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 Cho Thavee.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Cho Thavee on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Cho Thavee Public or generate 0.0% return on investment in Cho Thavee over 90 days. Cho Thavee is related to or competes with Chewathai Public, Filter Vision, G Capital, and Demco Public. Cho Thavee Public Company Limited, together with its subsidiaries, designs, manufactures, and assembles commercial autom... More
Cho Thavee 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 Cho Thavee'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 Cho Thavee Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 24.89 | |||
| Information Ratio | 0.049 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Cho Thavee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cho Thavee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cho Thavee's standard deviation. In reality, there are many statistical measures that can use Cho Thavee historical prices to predict the future Cho Thavee's volatility.| Risk Adjusted Performance | 0.0464 | |||
| Jensen Alpha | 0.6619 | |||
| Total Risk Alpha | 2.54 | |||
| Sortino Ratio | 0.0299 | |||
| Treynor Ratio | 2.59 |
Cho Thavee Public Backtested Returns
Cho Thavee appears to be out of control, given 3 months investment horizon. Cho Thavee Public secures Sharpe Ratio (or Efficiency) of 0.0424, which signifies that the company had a 0.0424 % return per unit of risk over the last 3 months. By analyzing Cho Thavee's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please makes use of Cho Thavee's Risk Adjusted Performance of 0.0464, mean deviation of 8.68, and Downside Deviation of 24.89 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cho Thavee holds a performance score of 3. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cho Thavee's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cho Thavee is expected to be smaller as well. Please check Cho Thavee's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Cho Thavee's price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Cho Thavee Public has below average predictability. Overlapping area represents the amount of predictability between Cho Thavee time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cho Thavee Public price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Cho Thavee price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cho Thavee Public lagged returns against current returns
Autocorrelation, which is Cho Thavee 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 Cho Thavee's stock expected returns. We can calculate the autocorrelation of Cho Thavee returns to help us make a trade decision. For example, suppose you find that Cho Thavee 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 |
Cho Thavee 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 Cho Thavee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cho Thavee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cho Thavee stock over time.
Current vs Lagged Prices |
| Timeline |
Cho Thavee Lagged Returns
When evaluating Cho Thavee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cho Thavee stock have on its future price. Cho Thavee 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, Cho Thavee autocorrelation shows the relationship between Cho Thavee stock current value and its past values and can show if there is a momentum factor associated with investing in Cho Thavee Public.
Regressed Prices |
| Timeline |
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Cho Thavee financial ratios help investors to determine whether Cho 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 Cho with respect to the benefits of owning Cho Thavee security.