Century Land (Vietnam) Market Value
| CRE Stock | 6,860 20.00 0.29% |
| Symbol | Century |
Century Land '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 Century Land'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 Century Land.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Century Land on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Century Land Joint or generate 0.0% return on investment in Century Land over 180 days.
Century Land 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 Century Land'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 Century Land Joint upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.45 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.17 |
Century Land Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Land's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Land's standard deviation. In reality, there are many statistical measures that can use Century Land historical prices to predict the future Century Land's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.38) |
Century Land Joint Backtested Returns
Century Land Joint secures Sharpe Ratio (or Efficiency) of -0.0491, which signifies that the company had a -0.0491% return per unit of risk over the last 3 months. Century Land Joint exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Century Land's Standard Deviation of 0.8475, risk adjusted performance of (0.07), and Mean Deviation of 0.6235 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Century Land's returns are expected to increase less than the market. However, during the bear market, the loss of holding Century Land is expected to be smaller as well. At this point, Century Land Joint has a negative expected return of -0.042%. Please make sure to confirm Century Land's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Century Land Joint performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Century Land Joint has insignificant predictability. Overlapping area represents the amount of predictability between Century Land time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Century Land Joint price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Century Land price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 7368.15 |
Century Land Joint lagged returns against current returns
Autocorrelation, which is Century Land 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 Century Land's stock expected returns. We can calculate the autocorrelation of Century Land returns to help us make a trade decision. For example, suppose you find that Century Land 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 |
Century Land 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 Century Land stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Land stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Land stock over time.
Current vs Lagged Prices |
| Timeline |
Century Land Lagged Returns
When evaluating Century Land's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Land stock have on its future price. Century Land 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, Century Land autocorrelation shows the relationship between Century Land stock current value and its past values and can show if there is a momentum factor associated with investing in Century Land Joint.
Regressed Prices |
| Timeline |
Pair Trading with Century Land
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 Century Land 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 Century Land will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Century Land could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Land 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 Century Land - 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 Century Land Joint to buy it.
The correlation of Century Land 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 Century Land moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Land Joint 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 Century Land 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.