Everland Investment (Vietnam) Market Value
| EVG Stock | 6,490 220.00 3.51% |
| Symbol | Everland |
Everland 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 Everland 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 Everland Investment.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Everland Investment on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Everland Investment JSC or generate 0.0% return on investment in Everland Investment over 570 days. Everland Investment is related to or competes with FPT Digital, Bich Chi, Sao Ta, Transport, Nafoods Group, and Riverway Management. More
Everland 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 Everland 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 Everland Investment JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.51 |
Everland Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everland Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everland Investment's standard deviation. In reality, there are many statistical measures that can use Everland Investment historical prices to predict the future Everland Investment's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.98) |
Everland Investment JSC Backtested Returns
Everland Investment JSC secures Sharpe Ratio (or Efficiency) of -0.026, which denotes the company had a -0.026% return per unit of risk over the last 3 months. Everland Investment JSC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everland Investment's Mean Deviation of 1.62, standard deviation of 2.2, and Variance of 4.84 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Everland Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Everland Investment is expected to be smaller as well. At this point, Everland Investment JSC has a negative expected return of -0.058%. Please make sure to confirm Everland Investment's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Everland Investment JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Everland Investment JSC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Everland Investment time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 Everland Investment JSC price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Everland Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 612.5 K |
Everland Investment JSC lagged returns against current returns
Autocorrelation, which is Everland 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 Everland Investment's stock expected returns. We can calculate the autocorrelation of Everland Investment returns to help us make a trade decision. For example, suppose you find that Everland 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 |
Everland 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 Everland Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everland Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everland Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Everland Investment Lagged Returns
When evaluating Everland Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everland Investment stock have on its future price. Everland 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, Everland Investment autocorrelation shows the relationship between Everland Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Everland Investment JSC.
Regressed Prices |
| Timeline |
Pair Trading with Everland 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 Everland 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 Everland Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Everland Stock
The ability to find closely correlated positions to Everland 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 Everland 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 Everland 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 Everland Investment JSC to buy it.
The correlation of Everland 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 Everland Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Everland Investment 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 Everland 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 Everland Stock
Everland Investment financial ratios help investors to determine whether Everland 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 Everland with respect to the benefits of owning Everland Investment security.