Ducgiang Chemicals (Vietnam) Market Value
| DGC Stock | 113,500 6,500 6.07% |
| Symbol | Ducgiang |
Ducgiang Chemicals '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 Ducgiang Chemicals' 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 Ducgiang Chemicals.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Ducgiang Chemicals on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ducgiang Chemicals Detergent or generate 0.0% return on investment in Ducgiang Chemicals over 720 days. Ducgiang Chemicals is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Ducgiang Chemicals 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 Ducgiang Chemicals' 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 Ducgiang Chemicals Detergent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.54 |
Ducgiang Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ducgiang Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ducgiang Chemicals' standard deviation. In reality, there are many statistical measures that can use Ducgiang Chemicals historical prices to predict the future Ducgiang Chemicals' volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.0032 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1292 |
Ducgiang Chemicals Backtested Returns
As of now, Ducgiang Stock is very steady. Ducgiang Chemicals secures Sharpe Ratio (or Efficiency) of 0.0637, which denotes the company had a 0.0637% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ducgiang Chemicals Detergent, which you can use to evaluate the volatility of the firm. Please confirm Ducgiang Chemicals' Mean Deviation of 0.8961, semi deviation of 0.98, and Downside Deviation of 1.07 to check if the risk estimate we provide is consistent with the expected return of 0.0818%. Ducgiang Chemicals has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ducgiang Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ducgiang Chemicals is expected to be smaller as well. Ducgiang Chemicals right now shows a risk of 1.28%. Please confirm Ducgiang Chemicals treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Ducgiang Chemicals will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Ducgiang Chemicals Detergent has insignificant predictability. Overlapping area represents the amount of predictability between Ducgiang Chemicals time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Ducgiang Chemicals price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Ducgiang Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 130.1 M |
Ducgiang Chemicals lagged returns against current returns
Autocorrelation, which is Ducgiang Chemicals 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 Ducgiang Chemicals' stock expected returns. We can calculate the autocorrelation of Ducgiang Chemicals returns to help us make a trade decision. For example, suppose you find that Ducgiang Chemicals 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 |
Ducgiang Chemicals 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 Ducgiang Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ducgiang Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ducgiang Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Ducgiang Chemicals Lagged Returns
When evaluating Ducgiang Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ducgiang Chemicals stock have on its future price. Ducgiang Chemicals 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, Ducgiang Chemicals autocorrelation shows the relationship between Ducgiang Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Ducgiang Chemicals Detergent.
Regressed Prices |
| Timeline |
Pair Trading with Ducgiang Chemicals
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 Ducgiang Chemicals 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 Ducgiang Chemicals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ducgiang Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ducgiang Chemicals 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 Ducgiang Chemicals - 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 Ducgiang Chemicals Detergent to buy it.
The correlation of Ducgiang Chemicals 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 Ducgiang Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ducgiang 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 Ducgiang Chemicals 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 Ducgiang Stock
Ducgiang Chemicals financial ratios help investors to determine whether Ducgiang 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 Ducgiang with respect to the benefits of owning Ducgiang Chemicals security.