CSP Steel (Thailand) Market Value
| CSP Stock | THB 0.62 0.02 3.33% |
| Symbol | CSP |
CSP 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 CSP 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 CSP Steel.
| 11/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in CSP Steel on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding CSP Steel Center or generate 0.0% return on investment in CSP Steel over 60 days. CSP Steel is related to or competes with Asia Metal, 2S Metal, Bangsaphan Barmill, Agripure Holdings, and Global Connections. CSP Steel Center Public Company Limited manufactures and distributes steel products More
CSP 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 CSP 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 CSP Steel Center upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 44.47 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 4.48 |
CSP Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSP Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSP Steel's standard deviation. In reality, there are many statistical measures that can use CSP Steel historical prices to predict the future CSP Steel's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.2507 |
CSP Steel Center Backtested Returns
CSP Steel Center secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. CSP Steel Center exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSP Steel's risk adjusted performance of (0.01), and Mean Deviation of 2.87 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CSP Steel are expected to decrease at a much lower rate. During the bear market, CSP Steel is likely to outperform the market. At this point, CSP Steel Center has a negative expected return of -0.35%. Please make sure to confirm CSP Steel's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if CSP Steel Center performance from the past will be repeated at future time.
Auto-correlation | 0.02 |
Virtually no predictability
CSP Steel Center has virtually no predictability. Overlapping area represents the amount of predictability between CSP Steel time series from 8th of November 2024 to 8th of December 2024 and 8th of December 2024 to 7th of January 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 CSP Steel Center price movement. The serial correlation of 0.02 indicates that only 2.0% of current CSP Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CSP Steel Center lagged returns against current returns
Autocorrelation, which is CSP 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 CSP Steel's stock expected returns. We can calculate the autocorrelation of CSP Steel returns to help us make a trade decision. For example, suppose you find that CSP 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 |
CSP 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 CSP Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSP Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSP Steel stock over time.
Current vs Lagged Prices |
| Timeline |
CSP Steel Lagged Returns
When evaluating CSP Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSP Steel stock have on its future price. CSP 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, CSP Steel autocorrelation shows the relationship between CSP Steel stock current value and its past values and can show if there is a momentum factor associated with investing in CSP Steel Center.
Regressed Prices |
| Timeline |
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CSP Steel financial ratios help investors to determine whether CSP 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 CSP with respect to the benefits of owning CSP Steel security.