Centara Hotels (Thailand) Market Value
| CTARAF Stock | THB 4.40 0.04 0.90% |
| Symbol | Centara |
Centara Hotels '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 Centara Hotels' 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 Centara Hotels.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Centara Hotels on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Centara Hotels Resorts or generate 0.0% return on investment in Centara Hotels over 90 days. Centara Hotels is related to or competes with CPN Commercial, and HEMARAJ INDUSTRIAL. Centara Hotels and Resorts Leasehold Property Fund is a fund of Kasikorn Asset Management Co More
Centara Hotels 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 Centara Hotels' 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 Centara Hotels Resorts upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0925 | |||
| Maximum Drawdown | 3.36 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 0.9259 |
Centara Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centara Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centara Hotels' standard deviation. In reality, there are many statistical measures that can use Centara Hotels historical prices to predict the future Centara Hotels' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.0144 | |||
| Treynor Ratio | (0.74) |
Centara Hotels Resorts Backtested Returns
Centara Hotels is out of control given 3 months investment horizon. Centara Hotels Resorts 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. We were able to analyze twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.46% are justified by taking the suggested risk. Use Centara Hotels Standard Deviation of 0.5668, mean deviation of 0.3882, and Risk Adjusted Performance of (0.08) to evaluate company specific risk that cannot be diversified away. Centara Hotels holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0764, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Centara Hotels' returns are expected to increase less than the market. However, during the bear market, the loss of holding Centara Hotels is expected to be smaller as well. Use Centara Hotels maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to analyze future returns on Centara Hotels.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Centara Hotels Resorts has insignificant reverse predictability. Overlapping area represents the amount of predictability between Centara Hotels 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 Centara Hotels Resorts price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Centara Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Centara Hotels Resorts lagged returns against current returns
Autocorrelation, which is Centara Hotels 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 Centara Hotels' stock expected returns. We can calculate the autocorrelation of Centara Hotels returns to help us make a trade decision. For example, suppose you find that Centara Hotels 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 |
Centara Hotels 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 Centara Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centara Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centara Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Centara Hotels Lagged Returns
When evaluating Centara Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centara Hotels stock have on its future price. Centara Hotels 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, Centara Hotels autocorrelation shows the relationship between Centara Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Centara Hotels Resorts.
Regressed Prices |
| Timeline |
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Centara Hotels financial ratios help investors to determine whether Centara 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 Centara with respect to the benefits of owning Centara Hotels security.