Vietnam Manufacturing (Taiwan) Market Value
| 9110 Stock | TWD 6.99 0.01 0.14% |
| Symbol | Vietnam |
Vietnam Manufacturing '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 Vietnam Manufacturing'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 Vietnam Manufacturing.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Vietnam Manufacturing on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Vietnam Manufacturing and or generate 0.0% return on investment in Vietnam Manufacturing over 510 days. Vietnam Manufacturing is related to or competes with Neo Neon, Ju Teng, Digital China, Tingyi Holding, and BH Global. Vietnam Manufacturing and Export Processing Limited, an investment holding company, manufactures and sells scooters and ... More
Vietnam Manufacturing 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 Vietnam Manufacturing'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 Vietnam Manufacturing and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.9 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.87 |
Vietnam Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam Manufacturing's standard deviation. In reality, there are many statistical measures that can use Vietnam Manufacturing historical prices to predict the future Vietnam Manufacturing's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 1.31 |
Vietnam Manufacturing and Backtested Returns
Vietnam Manufacturing and owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0246, which indicates the firm had a -0.0246% return per unit of risk over the last 3 months. Vietnam Manufacturing and exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vietnam Manufacturing's Risk Adjusted Performance of (0.02), coefficient of variation of (2,855), and Variance of 1.23 to confirm the risk estimate we provide. The entity has a beta of -0.0374, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vietnam Manufacturing are expected to decrease at a much lower rate. During the bear market, Vietnam Manufacturing is likely to outperform the market. At this point, Vietnam Manufacturing and has a negative expected return of -0.0279%. Please make sure to validate Vietnam Manufacturing's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Vietnam Manufacturing and performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Vietnam Manufacturing and has poor reverse predictability. Overlapping area represents the amount of predictability between Vietnam Manufacturing time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 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 Vietnam Manufacturing and price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Vietnam Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Vietnam Manufacturing and lagged returns against current returns
Autocorrelation, which is Vietnam Manufacturing 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 Vietnam Manufacturing's stock expected returns. We can calculate the autocorrelation of Vietnam Manufacturing returns to help us make a trade decision. For example, suppose you find that Vietnam Manufacturing 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 |
Vietnam Manufacturing 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 Vietnam Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam Manufacturing Lagged Returns
When evaluating Vietnam Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam Manufacturing stock have on its future price. Vietnam Manufacturing 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, Vietnam Manufacturing autocorrelation shows the relationship between Vietnam Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam Manufacturing and.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Vietnam Stock Analysis
When running Vietnam Manufacturing's price analysis, check to measure Vietnam Manufacturing'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 Vietnam Manufacturing is operating at the current time. Most of Vietnam Manufacturing's value examination focuses on studying past and present price action to predict the probability of Vietnam Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vietnam Manufacturing's price. Additionally, you may evaluate how the addition of Vietnam Manufacturing to your portfolios can decrease your overall portfolio volatility.