Danang Education (Vietnam) Market Value
| DAD Stock | 20,700 200.00 0.98% |
| Symbol | Danang |
Danang Education '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 Danang Education'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 Danang Education.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Danang Education on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Danang Education Investment or generate 0.0% return on investment in Danang Education over 570 days. Danang Education is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Danang Education 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 Danang Education'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 Danang Education Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.0294 | |||
| Maximum Drawdown | 14.36 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 4.0 |
Danang Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danang Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danang Education's standard deviation. In reality, there are many statistical measures that can use Danang Education historical prices to predict the future Danang Education's volatility.| Risk Adjusted Performance | 0.0713 | |||
| Jensen Alpha | 0.2324 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0252 | |||
| Treynor Ratio | (0.49) |
Danang Education Inv Backtested Returns
As of now, Danang Stock is very steady. Danang Education Inv secures Sharpe Ratio (or Efficiency) of 0.0131, which denotes the company had a 0.0131% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Danang Education Investment, which you can use to evaluate the volatility of the firm. Please confirm Danang Education's Mean Deviation of 1.57, coefficient of variation of 1183.44, and Downside Deviation of 2.73 to check if the risk estimate we provide is consistent with the expected return of 0.0349%. Danang Education has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Danang Education are expected to decrease at a much lower rate. During the bear market, Danang Education is likely to outperform the market. Danang Education Inv right now shows a risk of 2.67%. Please confirm Danang Education Inv total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Danang Education Inv will be following its price patterns.
Auto-correlation | 0.34 |
Below average predictability
Danang Education Investment has below average predictability. Overlapping area represents the amount of predictability between Danang Education time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Danang Education Inv price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Danang Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
Danang Education Inv lagged returns against current returns
Autocorrelation, which is Danang Education 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 Danang Education's stock expected returns. We can calculate the autocorrelation of Danang Education returns to help us make a trade decision. For example, suppose you find that Danang Education 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 |
Danang Education 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 Danang Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danang Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danang Education stock over time.
Current vs Lagged Prices |
| Timeline |
Danang Education Lagged Returns
When evaluating Danang Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danang Education stock have on its future price. Danang Education 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, Danang Education autocorrelation shows the relationship between Danang Education stock current value and its past values and can show if there is a momentum factor associated with investing in Danang Education Investment.
Regressed Prices |
| Timeline |
Pair Trading with Danang Education
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 Danang Education 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 Danang Education will appreciate offsetting losses from the drop in the long position's value.Moving against Danang Stock
| 0.82 | APG | APG Securities Joint | PairCorr |
| 0.62 | AME | Alphanam ME | PairCorr |
| 0.59 | ADS | Damsan JSC | PairCorr |
| 0.59 | AAA | An Phat Plastic | PairCorr |
| 0.45 | ABS | Binhthuan Agriculture | PairCorr |
The ability to find closely correlated positions to Danang Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danang Education 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 Danang Education - 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 Danang Education Investment to buy it.
The correlation of Danang Education 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 Danang Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danang Education Inv 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 Danang Education 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 Danang Stock
Danang Education financial ratios help investors to determine whether Danang 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 Danang with respect to the benefits of owning Danang Education security.