Damsan JSC (Vietnam) Market Value
| ADS Stock | 8,780 20.00 0.23% |
| Symbol | Damsan |
Damsan JSC '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 Damsan JSC'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 Damsan JSC.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Damsan JSC on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Damsan JSC or generate 0.0% return on investment in Damsan JSC over 30 days. Damsan JSC is related to or competes with Fecon Mining, Saigon Telecommunicatio, Investment, South Basic, Saigon Viendong, and Innovative Technology. More
Damsan JSC 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 Damsan JSC'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 Damsan JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 8.57 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 2.48 |
Damsan JSC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Damsan JSC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Damsan JSC's standard deviation. In reality, there are many statistical measures that can use Damsan JSC historical prices to predict the future Damsan JSC's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (2.13) |
Damsan JSC Backtested Returns
Damsan JSC secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Damsan JSC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Damsan JSC's Standard Deviation of 1.44, variance of 2.08, and Mean Deviation of 0.9844 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Damsan JSC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Damsan JSC is expected to be smaller as well. At this point, Damsan JSC has a negative expected return of -0.27%. Please make sure to confirm Damsan JSC's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Damsan JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Damsan JSC has very good predictability. Overlapping area represents the amount of predictability between Damsan JSC 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 Damsan JSC price movement. The serial correlation of 0.84 indicates that around 84.0% of current Damsan JSC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 17.6 K |
Damsan JSC lagged returns against current returns
Autocorrelation, which is Damsan JSC 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 Damsan JSC's stock expected returns. We can calculate the autocorrelation of Damsan JSC returns to help us make a trade decision. For example, suppose you find that Damsan JSC 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 |
Damsan JSC 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 Damsan JSC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Damsan JSC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Damsan JSC stock over time.
Current vs Lagged Prices |
| Timeline |
Damsan JSC Lagged Returns
When evaluating Damsan JSC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Damsan JSC stock have on its future price. Damsan JSC 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, Damsan JSC autocorrelation shows the relationship between Damsan JSC stock current value and its past values and can show if there is a momentum factor associated with investing in Damsan JSC.
Regressed Prices |
| Timeline |
Pair Trading with Damsan JSC
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 Damsan JSC 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 Damsan JSC will appreciate offsetting losses from the drop in the long position's value.Moving together with Damsan Stock
Moving against Damsan Stock
The ability to find closely correlated positions to Damsan JSC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Damsan JSC 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 Damsan JSC - 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 Damsan JSC to buy it.
The correlation of Damsan JSC 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 Damsan JSC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Damsan 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 Damsan JSC 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 Damsan Stock
Damsan JSC financial ratios help investors to determine whether Damsan 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 Damsan with respect to the benefits of owning Damsan JSC security.