CSP Steel (Thailand) Market Value
| CSP Stock | THB 0.79 0.01 1.25% |
| Symbol | CSP |
CSP Steel '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 CSP Steel'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 CSP Steel.
| 04/07/2024 |
| 10/04/2024 |
If you would invest 0.00 in CSP Steel on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding CSP Steel Center or generate 0.0% return on investment in CSP Steel over 180 days. CSP Steel is related to or competes with Haad Thip, Lalin Property, Dynasty Ceramic, and AP Public. CSP Steel Center Public Company Limited manufactures and distributes steel products More
CSP Steel 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 CSP Steel'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 CSP Steel Center upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.11 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 36.02 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 5.0 |
CSP Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSP Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSP Steel's standard deviation. In reality, there are many statistical measures that can use CSP Steel historical prices to predict the future CSP Steel's volatility.| Risk Adjusted Performance | 0.0131 | |||
| Jensen Alpha | 0.0388 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CSP Steel'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.
CSP Steel Center Backtested Returns
CSP Steel is out of control given 3 months investment horizon. CSP Steel Center 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 interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.47% are justified by taking the suggested risk. Use CSP Steel risk adjusted performance of 0.0131, and Mean Deviation of 2.49 to evaluate company specific risk that cannot be diversified away. CSP Steel holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CSP Steel are expected to decrease at a much lower rate. During the bear market, CSP Steel is likely to outperform the market. Use CSP Steel total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on CSP Steel.
Auto-correlation | -0.1 |
Very weak reverse predictability
CSP Steel Center has very weak reverse predictability. Overlapping area represents the amount of predictability between CSP Steel time series from 7th of April 2024 to 6th of July 2024 and 6th of July 2024 to 4th of October 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 CSP Steel Center price movement. The serial correlation of -0.1 indicates that less than 10.0% of current CSP Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
CSP Steel Center lagged returns against current returns
Autocorrelation, which is CSP Steel 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 CSP Steel's stock expected returns. We can calculate the autocorrelation of CSP Steel returns to help us make a trade decision. For example, suppose you find that CSP Steel 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 |
CSP Steel 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 CSP Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSP Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSP Steel stock over time.
Current vs Lagged Prices |
| Timeline |
CSP Steel Lagged Returns
When evaluating CSP Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSP Steel stock have on its future price. CSP Steel 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, CSP Steel autocorrelation shows the relationship between CSP Steel stock current value and its past values and can show if there is a momentum factor associated with investing in CSP Steel Center.
Regressed Prices |
| Timeline |
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CSP Steel financial ratios help investors to determine whether CSP 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 CSP with respect to the benefits of owning CSP Steel security.