Techcom Vietnam (Vietnam) Market Value
| FUCVREIT | 5,500 340.00 5.82% |
| Symbol | Techcom |
Techcom Vietnam '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 Techcom Vietnam'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 Techcom Vietnam.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Techcom Vietnam on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Techcom Vietnam REIT or generate 0.0% return on investment in Techcom Vietnam over 720 days. Techcom Vietnam is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Techcom Vietnam 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 Techcom Vietnam'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 Techcom Vietnam REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.96 | |||
| Value At Risk | (6.85) | |||
| Potential Upside | 6.79 |
Techcom Vietnam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techcom Vietnam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techcom Vietnam's standard deviation. In reality, there are many statistical measures that can use Techcom Vietnam historical prices to predict the future Techcom Vietnam's volatility.| Risk Adjusted Performance | (0.0003) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 0.3382 |
Techcom Vietnam REIT Backtested Returns
Techcom Vietnam REIT owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0581, which indicates the firm had a -0.0581% return per unit of risk over the last 3 months. Techcom Vietnam REIT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Techcom Vietnam's Variance of 15.47, coefficient of variation of (9,164), and Risk Adjusted Performance of (0.0003) to confirm the risk estimate we provide. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Techcom Vietnam are expected to decrease at a much lower rate. During the bear market, Techcom Vietnam is likely to outperform the market. At this point, Techcom Vietnam REIT has a negative expected return of -0.2%. Please make sure to validate Techcom Vietnam's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Techcom Vietnam REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Techcom Vietnam REIT has insignificant reverse predictability. Overlapping area represents the amount of predictability between Techcom Vietnam time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Techcom Vietnam REIT price movement. The serial correlation of -0.2 indicates that over 20.0% of current Techcom Vietnam price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 375.1 K |
Techcom Vietnam REIT lagged returns against current returns
Autocorrelation, which is Techcom Vietnam 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 Techcom Vietnam's stock expected returns. We can calculate the autocorrelation of Techcom Vietnam returns to help us make a trade decision. For example, suppose you find that Techcom Vietnam 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 |
Techcom Vietnam 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 Techcom Vietnam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techcom Vietnam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techcom Vietnam stock over time.
Current vs Lagged Prices |
| Timeline |
Techcom Vietnam Lagged Returns
When evaluating Techcom Vietnam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techcom Vietnam stock have on its future price. Techcom Vietnam 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, Techcom Vietnam autocorrelation shows the relationship between Techcom Vietnam stock current value and its past values and can show if there is a momentum factor associated with investing in Techcom Vietnam REIT.
Regressed Prices |
| Timeline |
Pair Trading with Techcom Vietnam
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 Techcom Vietnam 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 Techcom Vietnam will appreciate offsetting losses from the drop in the long position's value.Moving against Techcom Stock
The ability to find closely correlated positions to Techcom Vietnam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Techcom Vietnam 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 Techcom Vietnam - 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 Techcom Vietnam REIT to buy it.
The correlation of Techcom Vietnam 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 Techcom Vietnam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Techcom Vietnam REIT 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 Techcom Vietnam 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 Techcom Stock
Techcom Vietnam financial ratios help investors to determine whether Techcom 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 Techcom with respect to the benefits of owning Techcom Vietnam security.