DOMESCO Medical (Vietnam) Market Value
| DMC Stock | 64,500 2,000 3.20% |
| Symbol | DOMESCO |
DOMESCO Medical '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 DOMESCO Medical'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 DOMESCO Medical.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in DOMESCO Medical on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding DOMESCO Medical Import or generate 0.0% return on investment in DOMESCO Medical over 240 days. DOMESCO Medical is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
DOMESCO Medical 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 DOMESCO Medical'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 DOMESCO Medical Import upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.2 |
DOMESCO Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DOMESCO Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DOMESCO Medical's standard deviation. In reality, there are many statistical measures that can use DOMESCO Medical historical prices to predict the future DOMESCO Medical's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 1.54 |
DOMESCO Medical Import Backtested Returns
DOMESCO Medical Import secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. DOMESCO Medical Import exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DOMESCO Medical's Mean Deviation of 1.05, standard deviation of 1.7, and Coefficient Of Variation of (1,609) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0751, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DOMESCO Medical are expected to decrease at a much lower rate. During the bear market, DOMESCO Medical is likely to outperform the market. At this point, DOMESCO Medical Import has a negative expected return of -0.22%. Please make sure to confirm DOMESCO Medical's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if DOMESCO Medical Import performance from the past will be repeated in the future.
Auto-correlation | -0.22 |
Weak reverse predictability
DOMESCO Medical Import has weak reverse predictability. Overlapping area represents the amount of predictability between DOMESCO Medical time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 DOMESCO Medical Import price movement. The serial correlation of -0.22 indicates that over 22.0% of current DOMESCO Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 4.8 M |
DOMESCO Medical Import lagged returns against current returns
Autocorrelation, which is DOMESCO Medical 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 DOMESCO Medical's stock expected returns. We can calculate the autocorrelation of DOMESCO Medical returns to help us make a trade decision. For example, suppose you find that DOMESCO Medical 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 |
DOMESCO Medical 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 DOMESCO Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DOMESCO Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DOMESCO Medical stock over time.
Current vs Lagged Prices |
| Timeline |
DOMESCO Medical Lagged Returns
When evaluating DOMESCO Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DOMESCO Medical stock have on its future price. DOMESCO Medical 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, DOMESCO Medical autocorrelation shows the relationship between DOMESCO Medical stock current value and its past values and can show if there is a momentum factor associated with investing in DOMESCO Medical Import.
Regressed Prices |
| Timeline |
Pair Trading with DOMESCO Medical
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 DOMESCO Medical 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 DOMESCO Medical will appreciate offsetting losses from the drop in the long position's value.Moving together with DOMESCO Stock
The ability to find closely correlated positions to DOMESCO Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DOMESCO Medical 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 DOMESCO Medical - 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 DOMESCO Medical Import to buy it.
The correlation of DOMESCO Medical 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 DOMESCO Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DOMESCO Medical Import 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 DOMESCO Medical 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 DOMESCO Stock
DOMESCO Medical financial ratios help investors to determine whether DOMESCO 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 DOMESCO with respect to the benefits of owning DOMESCO Medical security.