Taseco Air (Vietnam) Market Value
| AST Stock | 53,400 400.00 0.74% |
| Symbol | Taseco |
Taseco Air '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 Taseco Air'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 Taseco Air.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Taseco Air on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Taseco Air Services or generate 0.0% return on investment in Taseco Air over 720 days. Taseco Air is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Taseco Air 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 Taseco Air'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 Taseco Air Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.79 |
Taseco Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taseco Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taseco Air's standard deviation. In reality, there are many statistical measures that can use Taseco Air historical prices to predict the future Taseco Air's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.65) |
Taseco Air Services Backtested Returns
Taseco Air Services owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0647, which indicates the firm had a -0.0647% return per unit of risk over the last 3 months. Taseco Air Services exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taseco Air's Risk Adjusted Performance of (0.06), coefficient of variation of (1,210), and Variance of 0.9075 to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taseco Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taseco Air is expected to be smaller as well. At this point, Taseco Air Services has a negative expected return of -0.0623%. Please make sure to validate Taseco Air's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Taseco Air Services performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Taseco Air Services has good predictability. Overlapping area represents the amount of predictability between Taseco Air time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Taseco Air Services price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Taseco Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 12.2 M |
Taseco Air Services lagged returns against current returns
Autocorrelation, which is Taseco Air 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 Taseco Air's stock expected returns. We can calculate the autocorrelation of Taseco Air returns to help us make a trade decision. For example, suppose you find that Taseco Air 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 |
Taseco Air 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 Taseco Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taseco Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taseco Air stock over time.
Current vs Lagged Prices |
| Timeline |
Taseco Air Lagged Returns
When evaluating Taseco Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taseco Air stock have on its future price. Taseco Air 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, Taseco Air autocorrelation shows the relationship between Taseco Air stock current value and its past values and can show if there is a momentum factor associated with investing in Taseco Air Services.
Regressed Prices |
| Timeline |
Pair Trading with Taseco Air
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 Taseco Air 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 Taseco Air will appreciate offsetting losses from the drop in the long position's value.Moving together with Taseco Stock
| 0.79 | ADS | Damsan JSC | PairCorr |
| 0.85 | AAA | An Phat Plastic | PairCorr |
| 0.7 | AME | Alphanam ME | PairCorr |
| 0.76 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Taseco Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taseco Air 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 Taseco Air - 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 Taseco Air Services to buy it.
The correlation of Taseco Air 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 Taseco Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taseco Air Services 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 Taseco Air 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 Taseco Stock
Taseco Air financial ratios help investors to determine whether Taseco 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 Taseco with respect to the benefits of owning Taseco Air security.