Petrovietnam Camau (Vietnam) Market Value
| DCM Stock | 36,000 300.00 0.83% |
| Symbol | Petrovietnam |
Please note, there is a significant difference between Petrovietnam Camau's value and its price as these two are different measures arrived at by different means. Investors typically determine if Petrovietnam Camau is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Petrovietnam Camau's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Petrovietnam Camau '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 Petrovietnam Camau'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 Petrovietnam Camau.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Petrovietnam Camau on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Petrovietnam Camau Fertilizer or generate 0.0% return on investment in Petrovietnam Camau over 30 days. Petrovietnam Camau is related to or competes with Tienlen Steel, PetroVietnam Transportation, Vietnam Petroleum, Viettel Construction, and Binh Duong. More
Petrovietnam Camau 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 Petrovietnam Camau'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 Petrovietnam Camau Fertilizer upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.82 |
Petrovietnam Camau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrovietnam Camau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrovietnam Camau's standard deviation. In reality, there are many statistical measures that can use Petrovietnam Camau historical prices to predict the future Petrovietnam Camau's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.11) |
Petrovietnam Camau Backtested Returns
Petrovietnam Camau maintains Sharpe Ratio (i.e., Efficiency) of -0.0221, which implies the firm had a -0.0221 % return per unit of risk over the last 3 months. Petrovietnam Camau exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petrovietnam Camau's Variance of 1.53, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,229) to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Petrovietnam Camau's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petrovietnam Camau is expected to be smaller as well. At this point, Petrovietnam Camau has a negative expected return of -0.027%. Please make sure to check Petrovietnam Camau's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Petrovietnam Camau performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Petrovietnam Camau Fertilizer has modest reverse predictability. Overlapping area represents the amount of predictability between Petrovietnam Camau time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Petrovietnam Camau price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Petrovietnam Camau price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 107.7 K |
Petrovietnam Camau lagged returns against current returns
Autocorrelation, which is Petrovietnam Camau 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 Petrovietnam Camau's stock expected returns. We can calculate the autocorrelation of Petrovietnam Camau returns to help us make a trade decision. For example, suppose you find that Petrovietnam Camau 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 |
Petrovietnam Camau 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 Petrovietnam Camau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrovietnam Camau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrovietnam Camau stock over time.
Current vs Lagged Prices |
| Timeline |
Petrovietnam Camau Lagged Returns
When evaluating Petrovietnam Camau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrovietnam Camau stock have on its future price. Petrovietnam Camau 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, Petrovietnam Camau autocorrelation shows the relationship between Petrovietnam Camau stock current value and its past values and can show if there is a momentum factor associated with investing in Petrovietnam Camau Fertilizer.
Regressed Prices |
| Timeline |
Pair Trading with Petrovietnam Camau
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 Petrovietnam Camau 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 Petrovietnam Camau will appreciate offsetting losses from the drop in the long position's value.Moving together with Petrovietnam Stock
Moving against Petrovietnam Stock
| 0.35 | AAM | Mekong Fisheries JSC | PairCorr |
| 0.32 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.31 | ABS | Binhthuan Agriculture | PairCorr |
The ability to find closely correlated positions to Petrovietnam Camau could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petrovietnam Camau 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 Petrovietnam Camau - 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 Petrovietnam Camau Fertilizer to buy it.
The correlation of Petrovietnam Camau 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 Petrovietnam Camau moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petrovietnam Camau 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 Petrovietnam Camau 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 Petrovietnam Stock
Petrovietnam Camau financial ratios help investors to determine whether Petrovietnam 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 Petrovietnam with respect to the benefits of owning Petrovietnam Camau security.