City Steel (Thailand) Market Value
| CITY Stock | THB 1.70 0.06 3.66% |
| Symbol | City |
City Steel '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 City Steel'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 City Steel.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in City Steel on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding City Steel Public or generate 0.0% return on investment in City Steel over 90 days. City Steel is related to or competes with Capital Engineering, Bangsaphan Barmill, CSP Steel, and Chukai Public. City Steel Public Company Limited, together with its subsidiaries, primarily engages in the manufacture and sale of meta... More
City Steel 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 City Steel'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 City Steel Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.28 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 3.73 |
City Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for City Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as City Steel's standard deviation. In reality, there are many statistical measures that can use City Steel historical prices to predict the future City Steel's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | 0.1595 | |||
| Treynor Ratio | 1.14 |
City Steel Public Backtested Returns
City Steel Public secures Sharpe Ratio (or Efficiency) of -0.0573, which signifies that the company had a -0.0573 % return per unit of risk over the last 3 months. City Steel Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm City Steel's Standard Deviation of 2.41, risk adjusted performance of (0.04), and Mean Deviation of 1.62 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning City Steel are expected to decrease at a much lower rate. During the bear market, City Steel is likely to outperform the market. At this point, City Steel Public has a negative expected return of -0.14%. Please make sure to confirm City Steel's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if City Steel Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
City Steel Public has very weak predictability. Overlapping area represents the amount of predictability between City Steel 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 City Steel Public price movement. The serial correlation of 0.19 indicates that over 19.0% of current City Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
City Steel Public lagged returns against current returns
Autocorrelation, which is City Steel 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 City Steel's stock expected returns. We can calculate the autocorrelation of City Steel returns to help us make a trade decision. For example, suppose you find that City Steel 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 |
City Steel 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 City Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if City Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in City Steel stock over time.
Current vs Lagged Prices |
| Timeline |
City Steel Lagged Returns
When evaluating City Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of City Steel stock have on its future price. City Steel 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, City Steel autocorrelation shows the relationship between City Steel stock current value and its past values and can show if there is a momentum factor associated with investing in City Steel Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in City Stock
City Steel financial ratios help investors to determine whether City 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 City with respect to the benefits of owning City Steel security.