Charn Issara (Thailand) Market Value
| CI Stock | THB 0.58 0.01 1.75% |
| Symbol | Charn |
Charn Issara '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 Charn Issara'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 Charn Issara.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Charn Issara on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Charn Issara Development or generate 0.0% return on investment in Charn Issara over 30 days. Charn Issara is related to or competes with Wave Entertainment, Vibhavadi Medical, VGI Public, and WHAPublic Company. Charn Issara Development Public Company Limited, together with its subsidiaries, primarily engages in real estate develo... More
Charn Issara 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 Charn Issara'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 Charn Issara Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 30.63 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 3.57 |
Charn Issara Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charn Issara's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charn Issara's standard deviation. In reality, there are many statistical measures that can use Charn Issara historical prices to predict the future Charn Issara's volatility.| Risk Adjusted Performance | 0.0194 | |||
| Jensen Alpha | 0.0633 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Charn Issara's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Charn Issara Development Backtested Returns
We consider Charn Issara abnormally volatile. Charn Issara Development secures Sharpe Ratio (or Efficiency) of 0.0183, which signifies that the company had a 0.0183% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Charn Issara Development, which you can use to evaluate the volatility of the firm. Please confirm Charn Issara's risk adjusted performance of 0.0194, and Mean Deviation of 1.96 to double-check if the risk estimate we provide is consistent with the expected return of 0.0743%. Charn Issara has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0799, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Charn Issara are expected to decrease at a much lower rate. During the bear market, Charn Issara is likely to outperform the market. Charn Issara Development right now shows a risk of 4.07%. Please confirm Charn Issara Development mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Charn Issara Development will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Charn Issara Development has very good reverse predictability. Overlapping area represents the amount of predictability between Charn Issara time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 Charn Issara Development price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Charn Issara price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Charn Issara Development lagged returns against current returns
Autocorrelation, which is Charn Issara 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 Charn Issara's stock expected returns. We can calculate the autocorrelation of Charn Issara returns to help us make a trade decision. For example, suppose you find that Charn Issara 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 |
Charn Issara 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 Charn Issara stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charn Issara stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charn Issara stock over time.
Current vs Lagged Prices |
| Timeline |
Charn Issara Lagged Returns
When evaluating Charn Issara's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charn Issara stock have on its future price. Charn Issara 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, Charn Issara autocorrelation shows the relationship between Charn Issara stock current value and its past values and can show if there is a momentum factor associated with investing in Charn Issara Development.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Charn Issara in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Charn Issara's short interest history, or implied volatility extrapolated from Charn Issara options trading.
Pair Trading with Charn Issara
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Charn Issara position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Charn Issara will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Charn Issara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charn Issara when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Charn Issara - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Charn Issara Development to buy it.
The correlation of Charn Issara is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Charn Issara moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charn Issara Development moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Charn Issara can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Charn Issara Correlation, Charn Issara Volatility and Charn Issara Alpha and Beta module to complement your research on Charn Issara. Note that the Charn Issara Development information on this page should be used as a complementary analysis to other Charn Issara's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Charn Stock analysis
When running Charn Issara's price analysis, check to measure Charn Issara's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Charn Issara is operating at the current time. Most of Charn Issara's value examination focuses on studying past and present price action to predict the probability of Charn Issara's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charn Issara's price. Additionally, you may evaluate how the addition of Charn Issara to your portfolios can decrease your overall portfolio volatility.
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Charn Issara technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.