Mekong Fisheries (Vietnam) Market Value
| AAM Stock | 7,000 100.00 1.45% |
| Symbol | Mekong |
Mekong Fisheries '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 Mekong Fisheries' 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 Mekong Fisheries.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Mekong Fisheries on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Mekong Fisheries JSC or generate 0.0% return on investment in Mekong Fisheries over 720 days. Mekong Fisheries is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Bentre Aquaproduct. More
Mekong Fisheries 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 Mekong Fisheries' 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 Mekong Fisheries JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.21 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 4.03 |
Mekong Fisheries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mekong Fisheries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mekong Fisheries' standard deviation. In reality, there are many statistical measures that can use Mekong Fisheries historical prices to predict the future Mekong Fisheries' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.24 |
Mekong Fisheries JSC Backtested Returns
Mekong Fisheries JSC has Sharpe Ratio of -0.015, which conveys that the firm had a -0.015% return per unit of risk over the last 3 months. Mekong Fisheries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mekong Fisheries' Mean Deviation of 1.76, risk adjusted performance of (0.03), and Standard Deviation of 2.42 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mekong Fisheries are expected to decrease at a much lower rate. During the bear market, Mekong Fisheries is likely to outperform the market. At this point, Mekong Fisheries JSC has a negative expected return of -0.0377%. Please make sure to verify Mekong Fisheries' skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Mekong Fisheries JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Mekong Fisheries JSC has good predictability. Overlapping area represents the amount of predictability between Mekong Fisheries time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th of November 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 Mekong Fisheries JSC price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Mekong Fisheries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 864 K |
Mekong Fisheries JSC lagged returns against current returns
Autocorrelation, which is Mekong Fisheries 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 Mekong Fisheries' stock expected returns. We can calculate the autocorrelation of Mekong Fisheries returns to help us make a trade decision. For example, suppose you find that Mekong Fisheries 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 |
Mekong Fisheries 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 Mekong Fisheries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mekong Fisheries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mekong Fisheries stock over time.
Current vs Lagged Prices |
| Timeline |
Mekong Fisheries Lagged Returns
When evaluating Mekong Fisheries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mekong Fisheries stock have on its future price. Mekong Fisheries 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, Mekong Fisheries autocorrelation shows the relationship between Mekong Fisheries stock current value and its past values and can show if there is a momentum factor associated with investing in Mekong Fisheries JSC.
Regressed Prices |
| Timeline |
Pair Trading with Mekong Fisheries
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 Mekong Fisheries 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 Mekong Fisheries will appreciate offsetting losses from the drop in the long position's value.Moving together with Mekong Stock
The ability to find closely correlated positions to Mekong Fisheries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mekong Fisheries 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 Mekong Fisheries - 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 Mekong Fisheries JSC to buy it.
The correlation of Mekong Fisheries 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 Mekong Fisheries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mekong Fisheries JSC 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 Mekong Fisheries 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.Other Information on Investing in Mekong Stock
Mekong Fisheries financial ratios help investors to determine whether Mekong 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 Mekong with respect to the benefits of owning Mekong Fisheries security.