BIDV Insurance (Vietnam) Market Value
| BIC Stock | 32,800 100.00 0.30% |
| Symbol | BIDV |
BIDV Insurance '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 BIDV Insurance'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 BIDV Insurance.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in BIDV Insurance on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding BIDV Insurance Corp or generate 0.0% return on investment in BIDV Insurance over 330 days. BIDV Insurance is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
BIDV Insurance 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 BIDV Insurance'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 BIDV Insurance Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.33 |
BIDV Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIDV Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIDV Insurance's standard deviation. In reality, there are many statistical measures that can use BIDV Insurance historical prices to predict the future BIDV Insurance's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 3.44 |
BIDV Insurance Corp Backtested Returns
BIDV Insurance Corp secures Sharpe Ratio (or Efficiency) of -0.0997, which signifies that the company had a -0.0997% return per unit of risk over the last 3 months. BIDV Insurance Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BIDV Insurance's Mean Deviation of 1.07, standard deviation of 1.47, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0505, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BIDV Insurance are expected to decrease at a much lower rate. During the bear market, BIDV Insurance is likely to outperform the market. At this point, BIDV Insurance Corp has a negative expected return of -0.15%. Please make sure to confirm BIDV Insurance's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if BIDV Insurance Corp performance from the past will be repeated in the future.
Auto-correlation | -0.35 |
Poor reverse predictability
BIDV Insurance Corp has poor reverse predictability. Overlapping area represents the amount of predictability between BIDV Insurance time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 BIDV Insurance Corp price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current BIDV Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 3.5 M |
BIDV Insurance Corp lagged returns against current returns
Autocorrelation, which is BIDV Insurance 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 BIDV Insurance's stock expected returns. We can calculate the autocorrelation of BIDV Insurance returns to help us make a trade decision. For example, suppose you find that BIDV Insurance 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 |
BIDV Insurance 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 BIDV Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIDV Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIDV Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
BIDV Insurance Lagged Returns
When evaluating BIDV Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIDV Insurance stock have on its future price. BIDV Insurance 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, BIDV Insurance autocorrelation shows the relationship between BIDV Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in BIDV Insurance Corp.
Regressed Prices |
| Timeline |
Pair Trading with BIDV Insurance
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 BIDV Insurance 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 BIDV Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with BIDV Stock
Moving against BIDV Stock
The ability to find closely correlated positions to BIDV Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIDV Insurance 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 BIDV Insurance - 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 BIDV Insurance Corp to buy it.
The correlation of BIDV Insurance 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 BIDV Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BIDV Insurance Corp 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 BIDV Insurance 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 BIDV Stock
BIDV Insurance financial ratios help investors to determine whether BIDV 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 BIDV with respect to the benefits of owning BIDV Insurance security.