Riverway Management (Vietnam) Market Value
| DS3 Stock | 4,900 200.00 3.92% |
| Symbol | Riverway |
Riverway Management '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 Riverway Management'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 Riverway Management.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Riverway Management on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Riverway Management JSC or generate 0.0% return on investment in Riverway Management over 510 days. Riverway Management is related to or competes with Vietnam Petroleum, Vietnam National, Fecon Mining, Transport, and Tin Nghia. More
Riverway Management 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 Riverway Management'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 Riverway Management JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.65 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 6.12 |
Riverway Management Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverway Management's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverway Management's standard deviation. In reality, there are many statistical measures that can use Riverway Management historical prices to predict the future Riverway Management's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.41) |
Riverway Management JSC Backtested Returns
Riverway Management JSC maintains Sharpe Ratio (i.e., Efficiency) of -0.0725, which implies the firm had a -0.0725% return per unit of risk over the last 3 months. Riverway Management JSC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Riverway Management's Risk Adjusted Performance of (0.06), variance of 14.52, and Coefficient Of Variation of (1,074) to confirm the risk estimate we provide. The company holds a Beta of 0.9, which implies possible diversification benefits within a given portfolio. Riverway Management returns are very sensitive to returns on the market. As the market goes up or down, Riverway Management is expected to follow. At this point, Riverway Management JSC has a negative expected return of -0.26%. Please make sure to check Riverway Management's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Riverway Management JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Riverway Management JSC has insignificant predictability. Overlapping area represents the amount of predictability between Riverway Management time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Riverway Management JSC price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Riverway Management price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 455.7 K |
Riverway Management JSC lagged returns against current returns
Autocorrelation, which is Riverway Management 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 Riverway Management's stock expected returns. We can calculate the autocorrelation of Riverway Management returns to help us make a trade decision. For example, suppose you find that Riverway Management 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 |
Riverway Management 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 Riverway Management stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverway Management stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riverway Management stock over time.
Current vs Lagged Prices |
| Timeline |
Riverway Management Lagged Returns
When evaluating Riverway Management's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverway Management stock have on its future price. Riverway Management 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, Riverway Management autocorrelation shows the relationship between Riverway Management stock current value and its past values and can show if there is a momentum factor associated with investing in Riverway Management JSC.
Regressed Prices |
| Timeline |
Pair Trading with Riverway Management
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 Riverway Management 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 Riverway Management will appreciate offsetting losses from the drop in the long position's value.Moving together with Riverway Stock
| 0.8 | ADS | Damsan JSC | PairCorr |
| 0.82 | AAA | An Phat Plastic | PairCorr |
| 0.75 | AME | Alphanam ME | PairCorr |
| 0.62 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Riverway Management could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Riverway Management 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 Riverway Management - 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 Riverway Management JSC to buy it.
The correlation of Riverway Management 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 Riverway Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Riverway Management JSC 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 Riverway Management 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 Riverway Stock
Riverway Management financial ratios help investors to determine whether Riverway 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 Riverway with respect to the benefits of owning Riverway Management security.