Alphanam (Vietnam) Market Value
| AME Stock | 5,000 500.00 11.11% |
| Symbol | Alphanam |
Alphanam '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 Alphanam'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 Alphanam.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Alphanam on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Alphanam ME or generate 0.0% return on investment in Alphanam over 570 days. Alphanam is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Alphanam 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 Alphanam'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 Alphanam ME upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 19.05 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 5.36 |
Alphanam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphanam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphanam's standard deviation. In reality, there are many statistical measures that can use Alphanam historical prices to predict the future Alphanam's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | 3.39 |
Alphanam ME Backtested Returns
Alphanam ME secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Alphanam ME exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alphanam's Risk Adjusted Performance of (0.12), mean deviation of 2.53, and Standard Deviation of 3.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alphanam are expected to decrease at a much lower rate. During the bear market, Alphanam is likely to outperform the market. At this point, Alphanam ME has a negative expected return of -0.46%. Please make sure to confirm Alphanam's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Alphanam ME performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.93 |
Excellent predictability
Alphanam ME has excellent predictability. Overlapping area represents the amount of predictability between Alphanam time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Alphanam ME price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Alphanam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 M |
Alphanam ME lagged returns against current returns
Autocorrelation, which is Alphanam 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 Alphanam's stock expected returns. We can calculate the autocorrelation of Alphanam returns to help us make a trade decision. For example, suppose you find that Alphanam 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 |
Alphanam 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 Alphanam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphanam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphanam stock over time.
Current vs Lagged Prices |
| Timeline |
Alphanam Lagged Returns
When evaluating Alphanam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphanam stock have on its future price. Alphanam 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, Alphanam autocorrelation shows the relationship between Alphanam stock current value and its past values and can show if there is a momentum factor associated with investing in Alphanam ME.
Regressed Prices |
| Timeline |
Pair Trading with Alphanam
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 Alphanam 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 Alphanam will appreciate offsetting losses from the drop in the long position's value.Moving together with Alphanam Stock
Moving against Alphanam Stock
The ability to find closely correlated positions to Alphanam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alphanam 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 Alphanam - 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 Alphanam ME to buy it.
The correlation of Alphanam 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 Alphanam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alphanam ME 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 Alphanam 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 Alphanam Stock
Alphanam financial ratios help investors to determine whether Alphanam 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 Alphanam with respect to the benefits of owning Alphanam security.