CH Karnchang (Thailand) Market Value
| CK Stock | THB 18.20 0.40 2.25% |
| Symbol | CH Karnchang |
CH Karnchang '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 CH Karnchang'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 CH Karnchang.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in CH Karnchang on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding CH Karnchang Public or generate 0.0% return on investment in CH Karnchang over 720 days. CH Karnchang is related to or competes with Italian Thai, Charoen Pokphand, Land, and Bangkok Bank. Karnchang Public Company Limited, together with its subsidiaries, provides construction services in Thailand and the Lao... More
CH Karnchang 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 CH Karnchang'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 CH Karnchang Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.57 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.5 |
CH Karnchang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CH Karnchang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CH Karnchang's standard deviation. In reality, there are many statistical measures that can use CH Karnchang historical prices to predict the future CH Karnchang's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.134 |
CH Karnchang Public Backtested Returns
CH Karnchang Public retains Efficiency (Sharpe Ratio) of -0.0219, which signifies that the company had a -0.0219% return per unit of price deviation over the last 3 months. CH Karnchang exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CH Karnchang's Market Risk Adjusted Performance of 0.144, variance of 2.83, and Information Ratio of (0.12) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CH Karnchang are expected to decrease at a much lower rate. During the bear market, CH Karnchang is likely to outperform the market. At this point, CH Karnchang Public has a negative expected return of -0.0373%. Please make sure to confirm CH Karnchang's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if CH Karnchang Public performance from the past will be repeated sooner or later.
Auto-correlation | -0.23 |
Weak reverse predictability
CH Karnchang Public has weak reverse predictability. Overlapping area represents the amount of predictability between CH Karnchang time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 CH Karnchang Public price movement. The serial correlation of -0.23 indicates that over 23.0% of current CH Karnchang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.8 |
CH Karnchang Public lagged returns against current returns
Autocorrelation, which is CH Karnchang 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 CH Karnchang's stock expected returns. We can calculate the autocorrelation of CH Karnchang returns to help us make a trade decision. For example, suppose you find that CH Karnchang 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 |
CH Karnchang 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 CH Karnchang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CH Karnchang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CH Karnchang stock over time.
Current vs Lagged Prices |
| Timeline |
CH Karnchang Lagged Returns
When evaluating CH Karnchang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CH Karnchang stock have on its future price. CH Karnchang 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, CH Karnchang autocorrelation shows the relationship between CH Karnchang stock current value and its past values and can show if there is a momentum factor associated with investing in CH Karnchang Public.
Regressed Prices |
| Timeline |
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CH Karnchang financial ratios help investors to determine whether CH Karnchang 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 CH Karnchang with respect to the benefits of owning CH Karnchang security.