Chiang Mai (Thailand) Market Value
| CMR Stock | THB 1.34 0.01 0.74% |
| Symbol | Chiang |
Chiang Mai '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 Chiang Mai'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 Chiang Mai.
| 12/27/2024 |
| 03/27/2025 |
If you would invest 0.00 in Chiang Mai on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding Chiang Mai Ram or generate 0.0% return on investment in Chiang Mai over 90 days. Chiang Mai is related to or competes with Chularat Hospital, Bangkok Chain, Ekachai Medical, Vibhavadi Medical, and Aikchol Hospital. Chiang Mai Ram Medical Business Public Company Limited operates a medical care center in Chiang Mai, Thailand More
Chiang Mai 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 Chiang Mai'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 Chiang Mai Ram upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 1.95 |
Chiang Mai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chiang Mai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chiang Mai's standard deviation. In reality, there are many statistical measures that can use Chiang Mai historical prices to predict the future Chiang Mai's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (1.06) |
Chiang Mai Ram Backtested Returns
Chiang Mai Ram secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19 % return per unit of risk over the last 3 months. Chiang Mai Ram exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chiang Mai's Mean Deviation of 1.09, risk adjusted performance of (0.11), and Standard Deviation of 1.62 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chiang Mai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chiang Mai is expected to be smaller as well. At this point, Chiang Mai Ram has a negative expected return of -0.31%. Please make sure to confirm Chiang Mai's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Chiang Mai Ram performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Chiang Mai Ram has good predictability. Overlapping area represents the amount of predictability between Chiang Mai time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th 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 Chiang Mai Ram price movement. The serial correlation of 0.67 indicates that around 67.0% of current Chiang Mai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Chiang Mai Ram lagged returns against current returns
Autocorrelation, which is Chiang Mai 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 Chiang Mai's stock expected returns. We can calculate the autocorrelation of Chiang Mai returns to help us make a trade decision. For example, suppose you find that Chiang Mai 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 |
Chiang Mai 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 Chiang Mai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chiang Mai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chiang Mai stock over time.
Current vs Lagged Prices |
| Timeline |
Chiang Mai Lagged Returns
When evaluating Chiang Mai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chiang Mai stock have on its future price. Chiang Mai 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, Chiang Mai autocorrelation shows the relationship between Chiang Mai stock current value and its past values and can show if there is a momentum factor associated with investing in Chiang Mai Ram.
Regressed Prices |
| Timeline |
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Chiang Mai financial ratios help investors to determine whether Chiang 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 Chiang with respect to the benefits of owning Chiang Mai security.