VietinBank Securities (Vietnam) Market Value
| CTS Stock | 35,300 450.00 1.29% |
| Symbol | VietinBank |
VietinBank 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 VietinBank 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 VietinBank Securities.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in VietinBank Securities on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding VietinBank Securities JSC or generate 0.0% return on investment in VietinBank Securities over 30 days. VietinBank Securities is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
VietinBank 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 VietinBank 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 VietinBank Securities JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 1.75 |
VietinBank Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VietinBank Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VietinBank Securities' standard deviation. In reality, there are many statistical measures that can use VietinBank Securities historical prices to predict the future VietinBank Securities' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.44) |
VietinBank Securities JSC Backtested Returns
VietinBank Securities JSC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0869, which indicates the firm had a -0.0869% return per unit of risk over the last 3 months. VietinBank Securities JSC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VietinBank Securities' Coefficient Of Variation of (1,083), risk adjusted performance of (0.07), and Variance of 2.34 to confirm the risk estimate we provide. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VietinBank Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding VietinBank Securities is expected to be smaller as well. At this point, VietinBank Securities JSC has a negative expected return of -0.14%. Please make sure to validate VietinBank Securities' jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if VietinBank Securities JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
VietinBank Securities JSC has poor reverse predictability. Overlapping area represents the amount of predictability between VietinBank Securities 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 VietinBank Securities JSC price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current VietinBank Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 741.9 K |
VietinBank Securities JSC lagged returns against current returns
Autocorrelation, which is VietinBank 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 VietinBank Securities' stock expected returns. We can calculate the autocorrelation of VietinBank Securities returns to help us make a trade decision. For example, suppose you find that VietinBank 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 |
VietinBank 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 VietinBank Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VietinBank Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VietinBank Securities stock over time.
Current vs Lagged Prices |
| Timeline |
VietinBank Securities Lagged Returns
When evaluating VietinBank Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VietinBank Securities stock have on its future price. VietinBank 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, VietinBank Securities autocorrelation shows the relationship between VietinBank Securities stock current value and its past values and can show if there is a momentum factor associated with investing in VietinBank Securities JSC.
Regressed Prices |
| Timeline |
Pair Trading with VietinBank 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 VietinBank 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 VietinBank Securities will appreciate offsetting losses from the drop in the long position's value.Moving together with VietinBank Stock
The ability to find closely correlated positions to VietinBank 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 VietinBank 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 VietinBank 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 VietinBank Securities JSC to buy it.
The correlation of VietinBank 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 VietinBank Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VietinBank Securities JSC 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 VietinBank 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.Other Information on Investing in VietinBank Stock
VietinBank Securities financial ratios help investors to determine whether VietinBank 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 VietinBank with respect to the benefits of owning VietinBank Securities security.