Binhthuan Agriculture (Vietnam) Market Value
| ABS Stock | 3,950 40.00 1.02% |
| Symbol | Binhthuan |
Binhthuan Agriculture '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 Binhthuan Agriculture'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 Binhthuan Agriculture.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Binhthuan Agriculture on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Binhthuan Agriculture Services or generate 0.0% return on investment in Binhthuan Agriculture over 60 days. Binhthuan Agriculture is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Mekong Fisheries, and Bentre Aquaproduct. More
Binhthuan Agriculture 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 Binhthuan Agriculture'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 Binhthuan Agriculture Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.09 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.22 |
Binhthuan Agriculture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Binhthuan Agriculture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Binhthuan Agriculture's standard deviation. In reality, there are many statistical measures that can use Binhthuan Agriculture historical prices to predict the future Binhthuan Agriculture's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.65) |
Binhthuan Agriculture Backtested Returns
Binhthuan Agriculture secures Sharpe Ratio (or Efficiency) of -0.0903, which signifies that the company had a -0.0903% return per unit of risk over the last 3 months. Binhthuan Agriculture Services exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Binhthuan Agriculture's Risk Adjusted Performance of (0.07), mean deviation of 0.9129, and Standard Deviation of 1.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Binhthuan Agriculture's returns are expected to increase less than the market. However, during the bear market, the loss of holding Binhthuan Agriculture is expected to be smaller as well. At this point, Binhthuan Agriculture has a negative expected return of -0.12%. Please make sure to confirm Binhthuan Agriculture's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Binhthuan Agriculture performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Binhthuan Agriculture Services has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Binhthuan Agriculture time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Binhthuan Agriculture price movement. The serial correlation of -0.79 indicates that around 79.0% of current Binhthuan Agriculture price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 3715.08 |
Binhthuan Agriculture lagged returns against current returns
Autocorrelation, which is Binhthuan Agriculture 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 Binhthuan Agriculture's stock expected returns. We can calculate the autocorrelation of Binhthuan Agriculture returns to help us make a trade decision. For example, suppose you find that Binhthuan Agriculture 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 |
Binhthuan Agriculture 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 Binhthuan Agriculture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Binhthuan Agriculture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Binhthuan Agriculture stock over time.
Current vs Lagged Prices |
| Timeline |
Binhthuan Agriculture Lagged Returns
When evaluating Binhthuan Agriculture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Binhthuan Agriculture stock have on its future price. Binhthuan Agriculture 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, Binhthuan Agriculture autocorrelation shows the relationship between Binhthuan Agriculture stock current value and its past values and can show if there is a momentum factor associated with investing in Binhthuan Agriculture Services.
Regressed Prices |
| Timeline |
Pair Trading with Binhthuan Agriculture
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 Binhthuan Agriculture 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 Binhthuan Agriculture will appreciate offsetting losses from the drop in the long position's value.Moving together with Binhthuan Stock
| 0.82 | ADS | Damsan JSC | PairCorr |
| 0.86 | AAA | An Phat Plastic | PairCorr |
| 0.79 | AME | Alphanam ME | PairCorr |
| 0.65 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Binhthuan Agriculture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Binhthuan Agriculture 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 Binhthuan Agriculture - 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 Binhthuan Agriculture Services to buy it.
The correlation of Binhthuan Agriculture 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 Binhthuan Agriculture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Binhthuan Agriculture 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 Binhthuan Agriculture 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 Binhthuan Stock
Binhthuan Agriculture financial ratios help investors to determine whether Binhthuan 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 Binhthuan with respect to the benefits of owning Binhthuan Agriculture security.