Vietnam JSCmmercial (Vietnam) Market Value
| CTG Stock | 35,300 200.00 0.57% |
| Symbol | Vietnam |
Vietnam JSCmmercial '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 Vietnam JSCmmercial'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 Vietnam JSCmmercial.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Vietnam JSCmmercial on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Vietnam JSCmmercial Bank or generate 0.0% return on investment in Vietnam JSCmmercial over 30 days. Vietnam JSCmmercial is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Vietnam JSCmmercial 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 Vietnam JSCmmercial'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 Vietnam JSCmmercial Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.15 |
Vietnam JSCmmercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam JSCmmercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam JSCmmercial's standard deviation. In reality, there are many statistical measures that can use Vietnam JSCmmercial historical prices to predict the future Vietnam JSCmmercial's volatility.| Risk Adjusted Performance | 0.0277 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.059 |
Vietnam JSCmmercial Bank Backtested Returns
As of now, Vietnam Stock is very steady. Vietnam JSCmmercial Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0177, which indicates the firm had a 0.0177% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vietnam JSCmmercial Bank, which you can use to evaluate the volatility of the company. Please validate Vietnam JSCmmercial's Coefficient Of Variation of 3107.51, risk adjusted performance of 0.0277, and Semi Deviation of 1.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.0195%. Vietnam JSCmmercial has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vietnam JSCmmercial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vietnam JSCmmercial is expected to be smaller as well. Vietnam JSCmmercial Bank right now has a risk of 1.1%. Please validate Vietnam JSCmmercial potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Vietnam JSCmmercial will be following its existing price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Vietnam JSCmmercial Bank has poor reverse predictability. Overlapping area represents the amount of predictability between Vietnam JSCmmercial time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Vietnam JSCmmercial Bank price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Vietnam JSCmmercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 631.5 K |
Vietnam JSCmmercial Bank lagged returns against current returns
Autocorrelation, which is Vietnam JSCmmercial 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 Vietnam JSCmmercial's stock expected returns. We can calculate the autocorrelation of Vietnam JSCmmercial returns to help us make a trade decision. For example, suppose you find that Vietnam JSCmmercial 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 |
Vietnam JSCmmercial 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 Vietnam JSCmmercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam JSCmmercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam JSCmmercial stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam JSCmmercial Lagged Returns
When evaluating Vietnam JSCmmercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam JSCmmercial stock have on its future price. Vietnam JSCmmercial 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, Vietnam JSCmmercial autocorrelation shows the relationship between Vietnam JSCmmercial stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam JSCmmercial Bank.
Regressed Prices |
| Timeline |
Pair Trading with Vietnam JSCmmercial
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 Vietnam JSCmmercial 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 Vietnam JSCmmercial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Vietnam JSCmmercial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vietnam JSCmmercial 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 Vietnam JSCmmercial - 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 Vietnam JSCmmercial Bank to buy it.
The correlation of Vietnam JSCmmercial 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 Vietnam JSCmmercial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam JSCmmercial Bank 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 Vietnam JSCmmercial 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 Vietnam Stock
Vietnam JSCmmercial financial ratios help investors to determine whether Vietnam 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 Vietnam with respect to the benefits of owning Vietnam JSCmmercial security.