Baoviet Securities (Vietnam) Market Value
| BVS Stock | 39,000 200.00 0.51% |
| Symbol | Baoviet |
Baoviet Securities '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 Baoviet Securities' 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 Baoviet Securities.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Baoviet Securities on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Baoviet Securities or generate 0.0% return on investment in Baoviet Securities over 30 days.
Baoviet Securities 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 Baoviet Securities' 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 Baoviet Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.43 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 3.0 |
Baoviet Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baoviet Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baoviet Securities' standard deviation. In reality, there are many statistical measures that can use Baoviet Securities historical prices to predict the future Baoviet Securities' volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | 0.0389 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.24) |
Baoviet Securities Backtested Returns
As of now, Baoviet Stock is very steady. Baoviet Securities secures Sharpe Ratio (or Efficiency) of 0.0206, which signifies that the company had a 0.0206% return per unit of risk over the last 3 months. We have found thirty technical indicators for Baoviet Securities, which you can use to evaluate the volatility of the firm. Please confirm Baoviet Securities' Risk Adjusted Performance of 0.0188, downside deviation of 1.99, and Mean Deviation of 1.51 to double-check if the risk estimate we provide is consistent with the expected return of 0.0453%. Baoviet Securities has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Baoviet Securities are expected to decrease at a much lower rate. During the bear market, Baoviet Securities is likely to outperform the market. Baoviet Securities right now shows a risk of 2.2%. Please confirm Baoviet Securities sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Baoviet Securities will be following its price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Baoviet Securities has insignificant reverse predictability. Overlapping area represents the amount of predictability between Baoviet Securities time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Baoviet Securities price movement. The serial correlation of -0.17 indicates that over 17.0% of current Baoviet Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 1 M |
Baoviet Securities lagged returns against current returns
Autocorrelation, which is Baoviet Securities 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 Baoviet Securities' stock expected returns. We can calculate the autocorrelation of Baoviet Securities returns to help us make a trade decision. For example, suppose you find that Baoviet Securities 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 |
Baoviet Securities 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 Baoviet Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baoviet Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baoviet Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Baoviet Securities Lagged Returns
When evaluating Baoviet Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baoviet Securities stock have on its future price. Baoviet Securities 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, Baoviet Securities autocorrelation shows the relationship between Baoviet Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Baoviet Securities.
Regressed Prices |
| Timeline |
Pair Trading with Baoviet Securities
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 Baoviet Securities 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 Baoviet Securities will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Baoviet Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baoviet Securities 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 Baoviet Securities - 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 Baoviet Securities to buy it.
The correlation of Baoviet Securities 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 Baoviet Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baoviet Securities 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 Baoviet Securities 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.