Chayo Group (Thailand) Market Value
CHAYO Stock | THB 5.10 0.05 0.99% |
Symbol | Chayo |
Chayo Group '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 Chayo Group'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 Chayo Group.
06/07/2022 |
| 03/28/2024 |
If you would invest 0.00 in Chayo Group on June 7, 2022 and sell it all today you would earn a total of 0.00 from holding Chayo Group Public or generate 0.0% return on investment in Chayo Group over 660 days. Chayo Group is related to or competes with Bhiraj Office, LH Hotel, Bualuang Office, WHA Industrial, TMC Industrial, Asia Hotel, and Mena Transport. Chayo Group Public Company Limited, together with its subsidiaries, invests in and manages non-performing loans More
Chayo Group 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 Chayo Group'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 Chayo Group Public upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.07) | |||
Maximum Drawdown | 14.28 | |||
Value At Risk | (3.57) | |||
Potential Upside | 4.95 |
Chayo Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chayo Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chayo Group's standard deviation. In reality, there are many statistical measures that can use Chayo Group historical prices to predict the future Chayo Group's volatility.Risk Adjusted Performance | 0.0012 | |||
Jensen Alpha | 0.0159 | |||
Total Risk Alpha | (0.59) | |||
Treynor Ratio | 0.0884 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chayo Group'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.
Chayo Group Public Backtested Returns
Chayo Group Public secures Sharpe Ratio (or Efficiency) of -0.0487, which signifies that the company had a -0.0487% return per unit of standard deviation over the last 3 months. Chayo Group Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chayo Group's mean deviation of 1.65, and Risk Adjusted Performance of 0.0012 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chayo Group are expected to decrease at a much lower rate. During the bear market, Chayo Group is likely to outperform the market. Chayo Group Public has an expected return of -0.12%. Please make sure to confirm Chayo Group Public information ratio, as well as the relationship between the potential upside and rate of daily change , to decide if Chayo Group Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Chayo Group Public has average predictability. Overlapping area represents the amount of predictability between Chayo Group time series from 7th of June 2022 to 3rd of May 2023 and 3rd of May 2023 to 28th of March 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 Chayo Group Public price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Chayo Group price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.44 | |
Spearman Rank Test | 0.5 | |
Residual Average | 0.0 | |
Price Variance | 0.83 |
Chayo Group Public lagged returns against current returns
Autocorrelation, which is Chayo Group 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 Chayo Group's stock expected returns. We can calculate the autocorrelation of Chayo Group returns to help us make a trade decision. For example, suppose you find that Chayo Group 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 |
Chayo Group 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 Chayo Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chayo Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chayo Group stock over time.
Current vs Lagged Prices |
Timeline |
Chayo Group Lagged Returns
When evaluating Chayo Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chayo Group stock have on its future price. Chayo Group 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, Chayo Group autocorrelation shows the relationship between Chayo Group stock current value and its past values and can show if there is a momentum factor associated with investing in Chayo Group Public.
Regressed Prices |
Timeline |
Pair Trading with Chayo Group
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 Chayo Group 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 Chayo Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Chayo Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chayo Group 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 Chayo Group - 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 Chayo Group Public to buy it.
The correlation of Chayo Group 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 Chayo Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chayo Group Public 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 Chayo Group 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 Chayo Group Correlation, Chayo Group Volatility and Chayo Group Alpha and Beta module to complement your research on Chayo Group. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Chayo Stock analysis
When running Chayo Group's price analysis, check to measure Chayo Group'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 Chayo Group is operating at the current time. Most of Chayo Group's value examination focuses on studying past and present price action to predict the probability of Chayo Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chayo Group's price. Additionally, you may evaluate how the addition of Chayo Group to your portfolios can decrease your overall portfolio volatility.
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Transaction History View history of all your transactions and understand their impact on performance | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |
Chayo Group 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.