KIM GROWTH (Vietnam) Market Value
| FUEKIVND | 12,010 60.00 0.50% |
| Symbol | KIM |
KIM GROWTH '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 KIM GROWTH's etf 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 KIM GROWTH.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in KIM GROWTH on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding KIM GROWTH VN or generate 0.0% return on investment in KIM GROWTH over 660 days.
KIM GROWTH 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 KIM GROWTH's etf 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 KIM GROWTH VN upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.59 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.72 |
KIM GROWTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KIM GROWTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KIM GROWTH's standard deviation. In reality, there are many statistical measures that can use KIM GROWTH historical prices to predict the future KIM GROWTH's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (1.06) |
KIM GROWTH VN Backtested Returns
KIM GROWTH VN has Sharpe Ratio of -0.0667, which conveys that the entity had a -0.0667% return per unit of volatility over the last 3 months. KIM GROWTH exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KIM GROWTH's risk adjusted performance of (0.01), and Mean Deviation of 0.9567 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.0296, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KIM GROWTH's returns are expected to increase less than the market. However, during the bear market, the loss of holding KIM GROWTH is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
KIM GROWTH VN has no correlation between past and present. Overlapping area represents the amount of predictability between KIM GROWTH time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 KIM GROWTH VN price movement. The serial correlation of 0.0 indicates that just 0.0% of current KIM GROWTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
KIM GROWTH VN lagged returns against current returns
Autocorrelation, which is KIM GROWTH etf'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 KIM GROWTH's etf expected returns. We can calculate the autocorrelation of KIM GROWTH returns to help us make a trade decision. For example, suppose you find that KIM GROWTH has exhibited high autocorrelation historically, and you observe that the etf 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 |
KIM GROWTH 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 KIM GROWTH etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KIM GROWTH etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KIM GROWTH etf over time.
Current vs Lagged Prices |
| Timeline |
KIM GROWTH Lagged Returns
When evaluating KIM GROWTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KIM GROWTH etf have on its future price. KIM GROWTH 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, KIM GROWTH autocorrelation shows the relationship between KIM GROWTH etf current value and its past values and can show if there is a momentum factor associated with investing in KIM GROWTH VN.
Regressed Prices |
| Timeline |
Pair Trading with KIM GROWTH
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 KIM GROWTH 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 KIM GROWTH will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KIM GROWTH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KIM GROWTH 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 KIM GROWTH - 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 KIM GROWTH VN to buy it.
The correlation of KIM GROWTH 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 KIM GROWTH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KIM GROWTH VN 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 KIM GROWTH 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.