An Pha (Vietnam) Market Value
| ASP Stock | 4,090 50.00 1.21% |
| Symbol | ASP |
An Pha '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 An Pha'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 An Pha.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in An Pha on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding An Pha Petroleum or generate 0.0% return on investment in An Pha over 360 days. An Pha is related to or competes with Din Capital, Nam Long, TDG Global, 577 Investment, Foreign Trade, Danang Education, and Ha Long. More
An Pha 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 An Pha'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 An Pha Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.52 |
An Pha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for An Pha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as An Pha's standard deviation. In reality, there are many statistical measures that can use An Pha historical prices to predict the future An Pha's volatility.| Risk Adjusted Performance | (0.000045) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.6501 |
An Pha Petroleum Backtested Returns
An Pha Petroleum retains Efficiency (Sharpe Ratio) of -0.0177, which signifies that the company had a -0.0177% return per unit of price deviation over the last 3 months. An Pha exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm An Pha's Market Risk Adjusted Performance of 0.6601, variance of 2.01, and Information Ratio of (0.08) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0287, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning An Pha are expected to decrease at a much lower rate. During the bear market, An Pha is likely to outperform the market. At this point, An Pha Petroleum has a negative expected return of -0.0259%. Please make sure to confirm An Pha's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if An Pha Petroleum performance from the past will be repeated in the future.
Auto-correlation | 0.73 |
Good predictability
An Pha Petroleum has good predictability. Overlapping area represents the amount of predictability between An Pha time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 An Pha Petroleum price movement. The serial correlation of 0.73 indicates that around 73.0% of current An Pha price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 82.3 K |
An Pha Petroleum lagged returns against current returns
Autocorrelation, which is An Pha 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 An Pha's stock expected returns. We can calculate the autocorrelation of An Pha returns to help us make a trade decision. For example, suppose you find that An Pha 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 |
An Pha 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 An Pha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if An Pha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in An Pha stock over time.
Current vs Lagged Prices |
| Timeline |
An Pha Lagged Returns
When evaluating An Pha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of An Pha stock have on its future price. An Pha 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, An Pha autocorrelation shows the relationship between An Pha stock current value and its past values and can show if there is a momentum factor associated with investing in An Pha Petroleum.
Regressed Prices |
| Timeline |
Pair Trading with An Pha
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 An Pha 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 An Pha will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to An Pha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace An Pha 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 An Pha - 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 An Pha Petroleum to buy it.
The correlation of An Pha 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 An Pha moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if An Pha Petroleum 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 An Pha 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 ASP Stock
An Pha financial ratios help investors to determine whether ASP 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 ASP with respect to the benefits of owning An Pha security.