CPR Gomu (Thailand) Market Value
| CPR Stock | THB 3.80 0.08 2.06% |
| Symbol | CPR |
CPR Gomu '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 CPR Gomu'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 CPR Gomu.
| 07/02/2024 |
| 08/01/2024 |
If you would invest 0.00 in CPR Gomu on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding CPR Gomu Industrial or generate 0.0% return on investment in CPR Gomu over 30 days. CPR Gomu is related to or competes with Thoresen Thai, Sri Trang, TPI Polene, Ratchthani Leasing, and Thai Union. CPR Gomu Industrial Public Company Limited, together with its subsidiaries, produces and sells natural and synthetic rub... More
CPR Gomu 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 CPR Gomu'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 CPR Gomu Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.57 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.57 |
CPR Gomu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CPR Gomu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CPR Gomu's standard deviation. In reality, there are many statistical measures that can use CPR Gomu historical prices to predict the future CPR Gomu's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CPR Gomu'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.
CPR Gomu Industrial Backtested Returns
CPR Gomu Industrial 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. CPR Gomu Industrial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CPR Gomu's mean deviation of 0.6394, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CPR Gomu's returns are expected to increase less than the market. However, during the bear market, the loss of holding CPR Gomu is expected to be smaller as well. At this point, CPR Gomu Industrial has a negative expected return of -0.11%. Please make sure to confirm CPR Gomu's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if CPR Gomu Industrial performance from the past will be repeated at future time.
Auto-correlation | -0.48 |
Modest reverse predictability
CPR Gomu Industrial has modest reverse predictability. Overlapping area represents the amount of predictability between CPR Gomu time series from 2nd of July 2024 to 17th of July 2024 and 17th of July 2024 to 1st of August 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 CPR Gomu Industrial price movement. The serial correlation of -0.48 indicates that about 48.0% of current CPR Gomu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CPR Gomu Industrial lagged returns against current returns
Autocorrelation, which is CPR Gomu 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 CPR Gomu's stock expected returns. We can calculate the autocorrelation of CPR Gomu returns to help us make a trade decision. For example, suppose you find that CPR Gomu 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 |
CPR Gomu 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 CPR Gomu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CPR Gomu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CPR Gomu stock over time.
Current vs Lagged Prices |
| Timeline |
CPR Gomu Lagged Returns
When evaluating CPR Gomu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CPR Gomu stock have on its future price. CPR Gomu 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, CPR Gomu autocorrelation shows the relationship between CPR Gomu stock current value and its past values and can show if there is a momentum factor associated with investing in CPR Gomu Industrial.
Regressed Prices |
| Timeline |
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CPR Gomu financial ratios help investors to determine whether CPR 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 CPR with respect to the benefits of owning CPR Gomu security.