International Gas (Vietnam) Market Value
| GSP Stock | 12,950 100.00 0.78% |
| Symbol | International |
International Gas '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 International Gas' 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 International Gas.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in International Gas on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding International Gas Product or generate 0.0% return on investment in International Gas over 540 days. International Gas is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
International Gas 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 International Gas' 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 International Gas Product upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.88 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.18 |
International Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Gas' standard deviation. In reality, there are many statistical measures that can use International Gas historical prices to predict the future International Gas' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.08) |
International Gas Product Backtested Returns
International Gas Product holds Efficiency (Sharpe) Ratio of -0.0246, which attests that the entity had a -0.0246% return per unit of risk over the last 3 months. International Gas Product exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Gas' Standard Deviation of 0.8507, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, International Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding International Gas is expected to be smaller as well. At this point, International Gas Product has a negative expected return of -0.0205%. Please make sure to check out International Gas' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if International Gas Product performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
International Gas Product has insignificant reverse predictability. Overlapping area represents the amount of predictability between International Gas time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 International Gas Product price movement. The serial correlation of -0.18 indicates that over 18.0% of current International Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 109.9 M |
International Gas Product lagged returns against current returns
Autocorrelation, which is International Gas 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 International Gas' stock expected returns. We can calculate the autocorrelation of International Gas returns to help us make a trade decision. For example, suppose you find that International Gas 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 |
International Gas 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 International Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Gas stock over time.
Current vs Lagged Prices |
| Timeline |
International Gas Lagged Returns
When evaluating International Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Gas stock have on its future price. International Gas 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, International Gas autocorrelation shows the relationship between International Gas stock current value and its past values and can show if there is a momentum factor associated with investing in International Gas Product.
Regressed Prices |
| Timeline |
Pair Trading with International Gas
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 International Gas 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 International Gas will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to International Gas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Gas 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 International Gas - 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 International Gas Product to buy it.
The correlation of International Gas 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 International Gas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Gas Product 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 International Gas 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 International Stock
International Gas financial ratios help investors to determine whether International 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 International with respect to the benefits of owning International Gas security.