BaoMinh Insurance (Vietnam) Market Value
| BMI Stock | 20,500 50.00 0.24% |
| Symbol | BaoMinh |
BaoMinh 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 BaoMinh 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 BaoMinh Insurance.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in BaoMinh Insurance on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding BaoMinh Insurance Corp or generate 0.0% return on investment in BaoMinh Insurance over 90 days. BaoMinh Insurance is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
BaoMinh 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 BaoMinh 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 BaoMinh Insurance Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 18.36 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.87 |
BaoMinh Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BaoMinh Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BaoMinh Insurance's standard deviation. In reality, there are many statistical measures that can use BaoMinh Insurance historical prices to predict the future BaoMinh Insurance's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.9334 |
BaoMinh Insurance Corp Backtested Returns
BaoMinh Insurance Corp secures Sharpe Ratio (or Efficiency) of -0.0448, which signifies that the company had a -0.0448% return per unit of risk over the last 3 months. BaoMinh Insurance Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BaoMinh Insurance's Standard Deviation of 2.07, mean deviation of 1.11, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BaoMinh Insurance are expected to decrease at a much lower rate. During the bear market, BaoMinh Insurance is likely to outperform the market. At this point, BaoMinh Insurance Corp has a negative expected return of -0.0938%. Please make sure to confirm BaoMinh Insurance's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if BaoMinh Insurance Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
BaoMinh Insurance Corp has below average predictability. Overlapping area represents the amount of predictability between BaoMinh Insurance time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 BaoMinh Insurance Corp price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current BaoMinh Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 152.6 K |
BaoMinh Insurance Corp lagged returns against current returns
Autocorrelation, which is BaoMinh 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 BaoMinh Insurance's stock expected returns. We can calculate the autocorrelation of BaoMinh Insurance returns to help us make a trade decision. For example, suppose you find that BaoMinh 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 |
BaoMinh 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 BaoMinh Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BaoMinh Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BaoMinh Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
BaoMinh Insurance Lagged Returns
When evaluating BaoMinh Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BaoMinh Insurance stock have on its future price. BaoMinh 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, BaoMinh Insurance autocorrelation shows the relationship between BaoMinh Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in BaoMinh Insurance Corp.
Regressed Prices |
| Timeline |
Pair Trading with BaoMinh 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 BaoMinh 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 BaoMinh Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with BaoMinh Stock
Moving against BaoMinh Stock
The ability to find closely correlated positions to BaoMinh 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 BaoMinh 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 BaoMinh 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 BaoMinh Insurance Corp to buy it.
The correlation of BaoMinh 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 BaoMinh Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BaoMinh 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 BaoMinh 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 BaoMinh Stock
BaoMinh Insurance financial ratios help investors to determine whether BaoMinh 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 BaoMinh with respect to the benefits of owning BaoMinh Insurance security.