Duc Thanh (Vietnam) Market Value
| GDT Stock | 26,250 250.00 0.96% |
| Symbol | Duc |
Duc Thanh '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 Duc Thanh'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 Duc Thanh.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Duc Thanh on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Duc Thanh Wood or generate 0.0% return on investment in Duc Thanh over 30 days. Duc Thanh is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Duc Thanh 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 Duc Thanh'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 Duc Thanh Wood upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.25 |
Duc Thanh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Duc Thanh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Duc Thanh's standard deviation. In reality, there are many statistical measures that can use Duc Thanh historical prices to predict the future Duc Thanh's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.19) |
Duc Thanh Wood Backtested Returns
Duc Thanh Wood secures Sharpe Ratio (or Efficiency) of -0.0275, which denotes the company had a -0.0275% return per unit of standard deviation over the last 3 months. Duc Thanh Wood exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Duc Thanh's Coefficient Of Variation of (2,056), standard deviation of 0.8107, and Mean Deviation of 0.578 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Duc Thanh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Duc Thanh is expected to be smaller as well. At this point, Duc Thanh Wood has a negative expected return of -0.0226%. Please make sure to confirm Duc Thanh's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Duc Thanh Wood performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Duc Thanh Wood has poor predictability. Overlapping area represents the amount of predictability between Duc Thanh time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Duc Thanh Wood price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Duc Thanh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 36.5 K |
Duc Thanh Wood lagged returns against current returns
Autocorrelation, which is Duc Thanh 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 Duc Thanh's stock expected returns. We can calculate the autocorrelation of Duc Thanh returns to help us make a trade decision. For example, suppose you find that Duc Thanh 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 |
Duc Thanh 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 Duc Thanh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Duc Thanh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Duc Thanh stock over time.
Current vs Lagged Prices |
| Timeline |
Duc Thanh Lagged Returns
When evaluating Duc Thanh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Duc Thanh stock have on its future price. Duc Thanh 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, Duc Thanh autocorrelation shows the relationship between Duc Thanh stock current value and its past values and can show if there is a momentum factor associated with investing in Duc Thanh Wood.
Regressed Prices |
| Timeline |
Pair Trading with Duc Thanh
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 Duc Thanh 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 Duc Thanh will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Duc Thanh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duc Thanh 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 Duc Thanh - 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 Duc Thanh Wood to buy it.
The correlation of Duc Thanh 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 Duc Thanh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duc Thanh Wood 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 Duc Thanh 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 Duc Stock
Duc Thanh financial ratios help investors to determine whether Duc 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 Duc with respect to the benefits of owning Duc Thanh security.