ACC Binh (Vietnam) Market Value
| ACC Stock | 13,800 100.00 0.73% |
| Symbol | ACC |
ACC Binh '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 ACC Binh'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 ACC Binh.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ACC Binh on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ACC Binh Duong or generate 0.0% return on investment in ACC Binh over 30 days. ACC Binh is related to or competes with PetroVietnam Transportation, Vietnam Petroleum, Binh Duong, Ducgiang Chemicals, SCG Construction, and Construction JSC. More
ACC Binh 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 ACC Binh'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 ACC Binh Duong upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.6 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 4.44 |
ACC Binh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ACC Binh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ACC Binh's standard deviation. In reality, there are many statistical measures that can use ACC Binh historical prices to predict the future ACC Binh's volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0951 |
ACC Binh Duong Backtested Returns
As of now, ACC Stock is very steady. ACC Binh Duong retains Efficiency (Sharpe Ratio) of 0.0339, which signifies that the company had a 0.0339% return per unit of risk over the last 3 months. We have found thirty technical indicators for ACC Binh, which you can use to evaluate the volatility of the entity. Please confirm ACC Binh's coefficient of variation of 3753.46, and Market Risk Adjusted Performance of 0.1051 to double-check if the risk estimate we provide is consistent with the expected return of 0.0634%. ACC Binh has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ACC Binh's returns are expected to increase less than the market. However, during the bear market, the loss of holding ACC Binh is expected to be smaller as well. ACC Binh Duong at this moment owns a risk of 1.87%. Please confirm ACC Binh Duong semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to decide if ACC Binh Duong will be following its current price history.
Auto-correlation | -0.5 |
Modest reverse predictability
ACC Binh Duong has modest reverse predictability. Overlapping area represents the amount of predictability between ACC Binh time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 ACC Binh Duong price movement. The serial correlation of -0.5 indicates that about 50.0% of current ACC Binh price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 54.1 K |
ACC Binh Duong lagged returns against current returns
Autocorrelation, which is ACC Binh 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 ACC Binh's stock expected returns. We can calculate the autocorrelation of ACC Binh returns to help us make a trade decision. For example, suppose you find that ACC Binh 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 |
ACC Binh 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 ACC Binh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ACC Binh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ACC Binh stock over time.
Current vs Lagged Prices |
| Timeline |
ACC Binh Lagged Returns
When evaluating ACC Binh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ACC Binh stock have on its future price. ACC Binh 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, ACC Binh autocorrelation shows the relationship between ACC Binh stock current value and its past values and can show if there is a momentum factor associated with investing in ACC Binh Duong.
Regressed Prices |
| Timeline |
Pair Trading with ACC Binh
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 ACC Binh 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 ACC Binh will appreciate offsetting losses from the drop in the long position's value.Moving against ACC Stock
The ability to find closely correlated positions to ACC Binh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACC Binh 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 ACC Binh - 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 ACC Binh Duong to buy it.
The correlation of ACC Binh 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 ACC Binh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ACC Binh Duong 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 ACC Binh 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 ACC Stock
ACC Binh financial ratios help investors to determine whether ACC 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 ACC with respect to the benefits of owning ACC Binh security.