Ben Thanh (Vietnam) Market Value
| BRC Stock | 14,100 150.00 1.08% |
| Symbol | Ben |
Ben Thanh '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 Ben Thanh'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 Ben Thanh.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ben Thanh on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ben Thanh Rubber or generate 0.0% return on investment in Ben Thanh over 30 days. Ben Thanh is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Ben Thanh 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 Ben Thanh'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 Ben Thanh Rubber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9702 | |||
| Information Ratio | 0.0692 | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.56 |
Ben Thanh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ben Thanh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ben Thanh's standard deviation. In reality, there are many statistical measures that can use Ben Thanh historical prices to predict the future Ben Thanh's volatility.| Risk Adjusted Performance | 0.1765 | |||
| Jensen Alpha | 0.146 | |||
| Total Risk Alpha | 0.0487 | |||
| Sortino Ratio | 0.0583 | |||
| Treynor Ratio | 0.6841 |
Ben Thanh Rubber Backtested Returns
As of now, Ben Stock is very steady. Ben Thanh Rubber secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ben Thanh Rubber, which you can use to evaluate the volatility of the firm. Please confirm Ben Thanh's Risk Adjusted Performance of 0.1765, mean deviation of 0.5831, and Downside Deviation of 0.9702 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Ben Thanh has a performance score of 18 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ben Thanh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ben Thanh is expected to be smaller as well. Ben Thanh Rubber right now shows a risk of 0.81%. Please confirm Ben Thanh Rubber sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Ben Thanh Rubber will be following its price patterns.
Auto-correlation | 0.82 |
Very good predictability
Ben Thanh Rubber has very good predictability. Overlapping area represents the amount of predictability between Ben Thanh time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Ben Thanh Rubber price movement. The serial correlation of 0.82 indicates that around 82.0% of current Ben Thanh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 23.8 K |
Ben Thanh Rubber lagged returns against current returns
Autocorrelation, which is Ben Thanh 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 Ben Thanh's stock expected returns. We can calculate the autocorrelation of Ben Thanh returns to help us make a trade decision. For example, suppose you find that Ben Thanh 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 |
Ben Thanh 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 Ben Thanh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ben Thanh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ben Thanh stock over time.
Current vs Lagged Prices |
| Timeline |
Ben Thanh Lagged Returns
When evaluating Ben Thanh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ben Thanh stock have on its future price. Ben Thanh 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, Ben Thanh autocorrelation shows the relationship between Ben Thanh stock current value and its past values and can show if there is a momentum factor associated with investing in Ben Thanh Rubber.
Regressed Prices |
| Timeline |
Pair Trading with Ben Thanh
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 Ben Thanh 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 Ben Thanh will appreciate offsetting losses from the drop in the long position's value.Moving against Ben Stock
| 0.94 | AAA | An Phat Plastic | PairCorr |
| 0.88 | ADS | Damsan JSC | PairCorr |
| 0.87 | ABS | Binhthuan Agriculture | PairCorr |
| 0.86 | AME | Alphanam ME | PairCorr |
| 0.73 | AAM | Mekong Fisheries JSC | PairCorr |
The ability to find closely correlated positions to Ben Thanh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ben Thanh 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 Ben Thanh - 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 Ben Thanh Rubber to buy it.
The correlation of Ben Thanh 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 Ben Thanh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ben Thanh Rubber 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 Ben Thanh 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 Ben Stock
Ben Thanh financial ratios help investors to determine whether Ben 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 Ben with respect to the benefits of owning Ben Thanh security.