Binh Thanh (Vietnam) Market Value
| GIL Stock | 20,800 250.00 1.19% |
| Symbol | Binh |
Binh 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 Binh 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 Binh Thanh.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Binh Thanh on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Binh Thanh Import or generate 0.0% return on investment in Binh Thanh over 60 days. Binh Thanh is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Binh 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 Binh 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 Binh Thanh Import upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 39.74 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 3.36 |
Binh Thanh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Binh Thanh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Binh Thanh's standard deviation. In reality, there are many statistical measures that can use Binh Thanh historical prices to predict the future Binh Thanh's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | (5.08) |
Binh Thanh Import Backtested Returns
Binh Thanh Import secures Sharpe Ratio (or Efficiency) of -0.0986, which signifies that the company had a -0.0986% return per unit of risk over the last 3 months. Binh Thanh Import exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Binh Thanh's Mean Deviation of 1.72, risk adjusted performance of (0.07), and Standard Deviation of 4.4 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0924, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Binh Thanh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Binh Thanh is expected to be smaller as well. At this point, Binh Thanh Import has a negative expected return of -0.44%. Please make sure to confirm Binh Thanh's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Binh Thanh Import performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Binh Thanh Import has very good predictability. Overlapping area represents the amount of predictability between Binh Thanh time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Binh Thanh Import price movement. The serial correlation of 0.81 indicates that around 81.0% of current Binh Thanh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 12.4 M |
Binh Thanh Import lagged returns against current returns
Autocorrelation, which is Binh 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 Binh Thanh's stock expected returns. We can calculate the autocorrelation of Binh Thanh returns to help us make a trade decision. For example, suppose you find that Binh 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 |
Binh 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 Binh Thanh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Binh Thanh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Binh Thanh stock over time.
Current vs Lagged Prices |
| Timeline |
Binh Thanh Lagged Returns
When evaluating Binh Thanh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Binh Thanh stock have on its future price. Binh 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, Binh Thanh autocorrelation shows the relationship between Binh Thanh stock current value and its past values and can show if there is a momentum factor associated with investing in Binh Thanh Import.
Regressed Prices |
| Timeline |
Pair Trading with Binh 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 Binh 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 Binh Thanh will appreciate offsetting losses from the drop in the long position's value.Moving together with Binh Stock
Moving against Binh Stock
The ability to find closely correlated positions to Binh 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 Binh 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 Binh 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 Binh Thanh Import to buy it.
The correlation of Binh 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 Binh Thanh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Binh Thanh Import 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 Binh 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 Binh Stock
Binh Thanh financial ratios help investors to determine whether Binh 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 Binh with respect to the benefits of owning Binh Thanh security.