Cuulong Fish (Vietnam) Market Value
| ACL Stock | 11,300 150.00 1.31% |
| Symbol | Cuulong |
Cuulong Fish '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 Cuulong Fish'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 Cuulong Fish.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Cuulong Fish on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Cuulong Fish JSC or generate 0.0% return on investment in Cuulong Fish over 360 days. Cuulong Fish is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Cuulong Fish 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 Cuulong Fish'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 Cuulong Fish JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 0.8475 |
Cuulong Fish Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cuulong Fish's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cuulong Fish's standard deviation. In reality, there are many statistical measures that can use Cuulong Fish historical prices to predict the future Cuulong Fish's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 7.81 |
Cuulong Fish JSC Backtested Returns
Cuulong Fish JSC secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Cuulong Fish JSC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cuulong Fish's Standard Deviation of 0.7294, risk adjusted performance of (0.09), and Mean Deviation of 0.5374 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0126, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cuulong Fish are expected to decrease at a much lower rate. During the bear market, Cuulong Fish is likely to outperform the market. At this point, Cuulong Fish JSC has a negative expected return of -0.0912%. Please make sure to confirm Cuulong Fish's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Cuulong Fish JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Cuulong Fish JSC has very good reverse predictability. Overlapping area represents the amount of predictability between Cuulong Fish time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Cuulong Fish JSC price movement. The serial correlation of -0.7 indicates that around 70.0% of current Cuulong Fish price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 249.7 K |
Cuulong Fish JSC lagged returns against current returns
Autocorrelation, which is Cuulong Fish 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 Cuulong Fish's stock expected returns. We can calculate the autocorrelation of Cuulong Fish returns to help us make a trade decision. For example, suppose you find that Cuulong Fish 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 |
Cuulong Fish 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 Cuulong Fish stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cuulong Fish stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cuulong Fish stock over time.
Current vs Lagged Prices |
| Timeline |
Cuulong Fish Lagged Returns
When evaluating Cuulong Fish's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cuulong Fish stock have on its future price. Cuulong Fish 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, Cuulong Fish autocorrelation shows the relationship between Cuulong Fish stock current value and its past values and can show if there is a momentum factor associated with investing in Cuulong Fish JSC.
Regressed Prices |
| Timeline |
Pair Trading with Cuulong Fish
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 Cuulong Fish 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 Cuulong Fish will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cuulong Fish could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cuulong Fish 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 Cuulong Fish - 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 Cuulong Fish JSC to buy it.
The correlation of Cuulong Fish 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 Cuulong Fish moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cuulong Fish 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 Cuulong Fish 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 Cuulong Stock
Cuulong Fish financial ratios help investors to determine whether Cuulong 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 Cuulong with respect to the benefits of owning Cuulong Fish security.