Duong Hieu (Vietnam) Market Value
| DHM Stock | 9,300 600.00 6.90% |
| Symbol | Duong |
Duong Hieu '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 Duong Hieu'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 Duong Hieu.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Duong Hieu on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Duong Hieu Trading or generate 0.0% return on investment in Duong Hieu over 30 days. Duong Hieu is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Duong Hieu 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 Duong Hieu'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 Duong Hieu Trading upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.0019 | |||
| Maximum Drawdown | 12.15 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 4.13 |
Duong Hieu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Duong Hieu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Duong Hieu's standard deviation. In reality, there are many statistical measures that can use Duong Hieu historical prices to predict the future Duong Hieu's volatility.| Risk Adjusted Performance | 0.0556 | |||
| Jensen Alpha | 0.1311 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0024 | |||
| Treynor Ratio | (1.16) |
Duong Hieu Trading Backtested Returns
As of now, Duong Stock is very steady. Duong Hieu Trading secures Sharpe Ratio (or Efficiency) of 0.0621, which denotes the company had a 0.0621% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Duong Hieu Trading, which you can use to evaluate the volatility of the firm. Please confirm Duong Hieu's Mean Deviation of 1.15, coefficient of variation of 1549.11, and Downside Deviation of 1.64 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Duong Hieu has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Duong Hieu are expected to decrease at a much lower rate. During the bear market, Duong Hieu is likely to outperform the market. Duong Hieu Trading right now shows a risk of 2.06%. Please confirm Duong Hieu Trading sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Duong Hieu Trading will be following its price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Duong Hieu Trading has insignificant reverse predictability. Overlapping area represents the amount of predictability between Duong Hieu time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Duong Hieu Trading price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Duong Hieu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 53.1 K |
Duong Hieu Trading lagged returns against current returns
Autocorrelation, which is Duong Hieu 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 Duong Hieu's stock expected returns. We can calculate the autocorrelation of Duong Hieu returns to help us make a trade decision. For example, suppose you find that Duong Hieu 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 |
Duong Hieu 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 Duong Hieu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Duong Hieu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Duong Hieu stock over time.
Current vs Lagged Prices |
| Timeline |
Duong Hieu Lagged Returns
When evaluating Duong Hieu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Duong Hieu stock have on its future price. Duong Hieu 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, Duong Hieu autocorrelation shows the relationship between Duong Hieu stock current value and its past values and can show if there is a momentum factor associated with investing in Duong Hieu Trading.
Regressed Prices |
| Timeline |
Pair Trading with Duong Hieu
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 Duong Hieu 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 Duong Hieu will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Duong Hieu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duong Hieu 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 Duong Hieu - 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 Duong Hieu Trading to buy it.
The correlation of Duong Hieu 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 Duong Hieu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duong Hieu Trading 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 Duong Hieu 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 Duong Stock
Duong Hieu financial ratios help investors to determine whether Duong 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 Duong with respect to the benefits of owning Duong Hieu security.