Development Investment (Vietnam) Market Value
| DIG Stock | 20,300 50.00 0.25% |
| Symbol | Development |
Please note, there is a significant difference between Development Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Development Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Development Investment'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.
Development Investment '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 Development Investment'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 Development Investment.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Development Investment on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Development Investment Construction or generate 0.0% return on investment in Development Investment over 60 days. Development Investment is related to or competes with FPT Digital, Nafoods Group, DOMESCO Medical, PetroVietnam Drilling, Saigon Telecommunicatio, Techno Agricultural, and Vietnam Petroleum. More
Development Investment 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 Development Investment'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 Development Investment Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.74 |
Development Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Development Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Development Investment's standard deviation. In reality, there are many statistical measures that can use Development Investment historical prices to predict the future Development Investment's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (1.63) |
Development Investment Backtested Returns
Development Investment secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Development Investment Construction exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Development Investment's Standard Deviation of 1.69, variance of 2.86, and Mean Deviation of 1.22 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Development Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Development Investment is expected to be smaller as well. At this point, Development Investment has a negative expected return of -0.19%. Please make sure to confirm Development Investment's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day median price , to decide if Development Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Development Investment Construction has average predictability. Overlapping area represents the amount of predictability between Development Investment time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 Development Investment price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Development Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 126.8 K |
Development Investment lagged returns against current returns
Autocorrelation, which is Development Investment 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 Development Investment's stock expected returns. We can calculate the autocorrelation of Development Investment returns to help us make a trade decision. For example, suppose you find that Development Investment 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 |
Development Investment 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 Development Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Development Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Development Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Development Investment Lagged Returns
When evaluating Development Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Development Investment stock have on its future price. Development Investment 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, Development Investment autocorrelation shows the relationship between Development Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Development Investment Construction.
Regressed Prices |
| Timeline |
Pair Trading with Development Investment
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 Development Investment 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 Development Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Development Stock
| 0.77 | ADS | Damsan JSC | PairCorr |
| 0.83 | AAA | An Phat Plastic | PairCorr |
| 0.79 | AME | Alphanam ME | PairCorr |
| 0.8 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Development Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Development Investment 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 Development Investment - 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 Development Investment Construction to buy it.
The correlation of Development Investment 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 Development Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Development Investment 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 Development Investment 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 Development Stock
Development Investment financial ratios help investors to determine whether Development 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 Development with respect to the benefits of owning Development Investment security.