South Basic (Vietnam) Market Value
| CSV Stock | 37,000 50.00 0.13% |
| Symbol | South |
South Basic '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 South Basic'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 South Basic.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in South Basic on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding South Basic Chemicals or generate 0.0% return on investment in South Basic over 420 days. South Basic is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
South Basic 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 South Basic'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 South Basic Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.9 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 5.75 |
South Basic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for South Basic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as South Basic's standard deviation. In reality, there are many statistical measures that can use South Basic historical prices to predict the future South Basic's volatility.| Risk Adjusted Performance | 0.0152 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0238 |
South Basic Chemicals Backtested Returns
South Basic Chemicals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0163, which indicates the firm had a -0.0163% return per unit of risk over the last 3 months. South Basic Chemicals exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate South Basic's Coefficient Of Variation of 8791.49, semi deviation of 1.53, and Risk Adjusted Performance of 0.0152 to confirm the risk estimate we provide. The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, South Basic's returns are expected to increase less than the market. However, during the bear market, the loss of holding South Basic is expected to be smaller as well. At this point, South Basic Chemicals has a negative expected return of -0.032%. Please make sure to validate South Basic's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if South Basic Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
South Basic Chemicals has good reverse predictability. Overlapping area represents the amount of predictability between South Basic time series from 30th of September 2023 to 27th of April 2024 and 27th of April 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 South Basic Chemicals price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current South Basic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 135.8 B |
South Basic Chemicals lagged returns against current returns
Autocorrelation, which is South Basic 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 South Basic's stock expected returns. We can calculate the autocorrelation of South Basic returns to help us make a trade decision. For example, suppose you find that South Basic 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 |
South Basic 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 South Basic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if South Basic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in South Basic stock over time.
Current vs Lagged Prices |
| Timeline |
South Basic Lagged Returns
When evaluating South Basic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of South Basic stock have on its future price. South Basic 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, South Basic autocorrelation shows the relationship between South Basic stock current value and its past values and can show if there is a momentum factor associated with investing in South Basic Chemicals.
Regressed Prices |
| Timeline |
Pair Trading with South Basic
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 South Basic 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 South Basic will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to South Basic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace South Basic 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 South Basic - 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 South Basic Chemicals to buy it.
The correlation of South Basic 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 South Basic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if South Basic Chemicals 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 South Basic 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 South Stock
South Basic financial ratios help investors to determine whether South 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 South with respect to the benefits of owning South Basic security.