Tien Son (Vietnam) Market Value
| AAT Stock | 3,360 20.00 0.60% |
| Symbol | Tien |
Tien Son '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 Tien Son'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 Tien Son.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Tien Son on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tien Son Thanh or generate 0.0% return on investment in Tien Son over 30 days. Tien Son is related to or competes with Fecon Mining, BaoMinh Insurance, Petrolimex Insurance, Post, DOMESCO Medical, and PVI Reinsurance. More
Tien Son 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 Tien Son'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 Tien Son Thanh upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.21 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.54 |
Tien Son Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tien Son's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tien Son's standard deviation. In reality, there are many statistical measures that can use Tien Son historical prices to predict the future Tien Son's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.74) |
Tien Son Thanh Backtested Returns
Tien Son Thanh owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.25, which indicates the firm had a -0.25% return per unit of risk over the last 3 months. Tien Son Thanh exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tien Son's Coefficient Of Variation of (1,864), risk adjusted performance of (0.04), and Variance of 2.72 to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tien Son's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tien Son is expected to be smaller as well. At this point, Tien Son Thanh has a negative expected return of -0.32%. Please make sure to validate Tien Son's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Tien Son Thanh performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Tien Son Thanh has weak reverse predictability. Overlapping area represents the amount of predictability between Tien Son time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Tien Son Thanh price movement. The serial correlation of -0.24 indicates that over 24.0% of current Tien Son price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 725.0 |
Tien Son Thanh lagged returns against current returns
Autocorrelation, which is Tien Son 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 Tien Son's stock expected returns. We can calculate the autocorrelation of Tien Son returns to help us make a trade decision. For example, suppose you find that Tien Son 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 |
Tien Son 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 Tien Son stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tien Son stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tien Son stock over time.
Current vs Lagged Prices |
| Timeline |
Tien Son Lagged Returns
When evaluating Tien Son's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tien Son stock have on its future price. Tien Son 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, Tien Son autocorrelation shows the relationship between Tien Son stock current value and its past values and can show if there is a momentum factor associated with investing in Tien Son Thanh.
Regressed Prices |
| Timeline |
Pair Trading with Tien Son
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 Tien Son 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 Tien Son will appreciate offsetting losses from the drop in the long position's value.Moving together with Tien Stock
| 0.7 | ADS | Damsan JSC | PairCorr |
| 0.8 | AAA | An Phat Plastic | PairCorr |
| 0.86 | AME | Alphanam ME | PairCorr |
| 0.69 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Tien Son could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tien Son 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 Tien Son - 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 Tien Son Thanh to buy it.
The correlation of Tien Son 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 Tien Son moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tien Son Thanh 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 Tien Son 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 Tien Stock
Tien Son financial ratios help investors to determine whether Tien 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 Tien with respect to the benefits of owning Tien Son security.