Mahachai Hospital (Thailand) Market Value
| M-CHAI Stock | THB 21.40 0.20 0.94% |
| Symbol | Mahachai |
Mahachai Hospital '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 Mahachai Hospital'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 Mahachai Hospital.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Mahachai Hospital on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Mahachai Hospital Public or generate 0.0% return on investment in Mahachai Hospital over 90 days. Mahachai Hospital is related to or competes with Ladprao General, Nonthavej Hospital, Wattana Karnpaet, Thonburi Medical, and Aikchol Hospital. Mahachai Hospital Public Company Limited operates private hospitals under the Mahachai Hospital name in Thailand More
Mahachai Hospital 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 Mahachai Hospital'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 Mahachai Hospital Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 1.65 |
Mahachai Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mahachai Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mahachai Hospital's standard deviation. In reality, there are many statistical measures that can use Mahachai Hospital historical prices to predict the future Mahachai Hospital's volatility.| Risk Adjusted Performance | (0.26) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (3.04) |
Mahachai Hospital Public Backtested Returns
Mahachai Hospital Public has Sharpe Ratio of -0.25, which conveys that the firm had a -0.25 % return per unit of risk over the last 3 months. Mahachai Hospital exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mahachai Hospital's Risk Adjusted Performance of (0.26), standard deviation of 1.51, and Mean Deviation of 1.11 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mahachai Hospital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mahachai Hospital is expected to be smaller as well. At this point, Mahachai Hospital Public has a negative expected return of -0.37%. Please make sure to verify Mahachai Hospital's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Mahachai Hospital Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Mahachai Hospital Public has good predictability. Overlapping area represents the amount of predictability between Mahachai Hospital 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 Mahachai Hospital Public price movement. The serial correlation of 0.66 indicates that around 66.0% of current Mahachai Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 2.71 |
Mahachai Hospital Public lagged returns against current returns
Autocorrelation, which is Mahachai Hospital 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 Mahachai Hospital's stock expected returns. We can calculate the autocorrelation of Mahachai Hospital returns to help us make a trade decision. For example, suppose you find that Mahachai Hospital 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 |
Mahachai Hospital 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 Mahachai Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mahachai Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mahachai Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Mahachai Hospital Lagged Returns
When evaluating Mahachai Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mahachai Hospital stock have on its future price. Mahachai Hospital 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, Mahachai Hospital autocorrelation shows the relationship between Mahachai Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Mahachai Hospital Public.
Regressed Prices |
| Timeline |
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Mahachai Hospital financial ratios help investors to determine whether Mahachai 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 Mahachai with respect to the benefits of owning Mahachai Hospital security.