Chumporn Palm (Thailand) Market Value
| CPI Stock | THB 2.90 0.14 5.07% |
| Symbol | Chumporn |
Chumporn Palm '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 Chumporn Palm'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 Chumporn Palm.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Chumporn Palm on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Chumporn Palm Oil or generate 0.0% return on investment in Chumporn Palm over 30 days. Chumporn Palm is related to or competes with Airports, PTT Public, Bangkok Dusit, Kasikornbank Public, and Charoen Pokphand. Chumporn Palm Oil Industry Public Company Limited, together with its subsidiaries, manufactures and distributes palm oil... More
Chumporn Palm 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 Chumporn Palm'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 Chumporn Palm Oil upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0551 | |||
| Maximum Drawdown | 12.85 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.52 |
Chumporn Palm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chumporn Palm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chumporn Palm's standard deviation. In reality, there are many statistical measures that can use Chumporn Palm historical prices to predict the future Chumporn Palm's volatility.| Risk Adjusted Performance | 0.0952 | |||
| Jensen Alpha | 0.1637 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.05 | |||
| Treynor Ratio | 0.3628 |
Chumporn Palm Oil Backtested Returns
Chumporn Palm is out of control given 3 months investment horizon. Chumporn Palm Oil secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 16.13% are justified by taking the suggested risk. Use Chumporn Palm Mean Deviation of 1.45, downside deviation of 2.5, and Risk Adjusted Performance of 0.0952 to evaluate company specific risk that cannot be diversified away. Chumporn Palm holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chumporn Palm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chumporn Palm is expected to be smaller as well. Use Chumporn Palm total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Chumporn Palm.
Auto-correlation | 0.26 |
Poor predictability
Chumporn Palm Oil has poor predictability. Overlapping area represents the amount of predictability between Chumporn Palm time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 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 Chumporn Palm Oil price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Chumporn Palm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Chumporn Palm Oil lagged returns against current returns
Autocorrelation, which is Chumporn Palm 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 Chumporn Palm's stock expected returns. We can calculate the autocorrelation of Chumporn Palm returns to help us make a trade decision. For example, suppose you find that Chumporn Palm 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 |
Chumporn Palm 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 Chumporn Palm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chumporn Palm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chumporn Palm stock over time.
Current vs Lagged Prices |
| Timeline |
Chumporn Palm Lagged Returns
When evaluating Chumporn Palm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chumporn Palm stock have on its future price. Chumporn Palm 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, Chumporn Palm autocorrelation shows the relationship between Chumporn Palm stock current value and its past values and can show if there is a momentum factor associated with investing in Chumporn Palm Oil.
Regressed Prices |
| Timeline |
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Chumporn Palm financial ratios help investors to determine whether Chumporn 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 Chumporn with respect to the benefits of owning Chumporn Palm security.