Ha Do (Vietnam) Market Value
| HDG Stock | 28,900 300.00 1.03% |
| Symbol | HDG |
Ha Do '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 Ha Do'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 Ha Do.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ha Do on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ha Do Group or generate 0.0% return on investment in Ha Do over 30 days. Ha Do is related to or competes with TDG Global, MST Investment, PV2 Investment, and Vien Dong. More
Ha Do 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 Ha Do'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 Ha Do Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.68 |
Ha Do Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ha Do's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ha Do's standard deviation. In reality, there are many statistical measures that can use Ha Do historical prices to predict the future Ha Do's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | 0.043 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.45) |
Ha Do Group Backtested Returns
As of now, HDG Stock is very steady. Ha Do Group retains Efficiency (Sharpe Ratio) of 0.0322, which attests that the entity had a 0.0322% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for Ha Do, which you can use to evaluate the volatility of the firm. Please check out Ha Do's Semi Deviation of 1.23, standard deviation of 1.4, and Market Risk Adjusted Performance of (0.44) to validate if the risk estimate we provide is consistent with the expected return of 0.0463%. Ha Do has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.0767, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ha Do are expected to decrease at a much lower rate. During the bear market, Ha Do is likely to outperform the market. Ha Do Group at this moment owns a risk of 1.44%. Please check out Ha Do Group potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Ha Do Group will be following its current price history.
Auto-correlation | 0.73 |
Good predictability
Ha Do Group has good predictability. Overlapping area represents the amount of predictability between Ha Do time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Ha Do Group price movement. The serial correlation of 0.73 indicates that around 73.0% of current Ha Do price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 395.6 K |
Ha Do Group lagged returns against current returns
Autocorrelation, which is Ha Do 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 Ha Do's stock expected returns. We can calculate the autocorrelation of Ha Do returns to help us make a trade decision. For example, suppose you find that Ha Do 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 |
Ha Do 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 Ha Do stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ha Do stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ha Do stock over time.
Current vs Lagged Prices |
| Timeline |
Ha Do Lagged Returns
When evaluating Ha Do's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ha Do stock have on its future price. Ha Do 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, Ha Do autocorrelation shows the relationship between Ha Do stock current value and its past values and can show if there is a momentum factor associated with investing in Ha Do Group.
Regressed Prices |
| Timeline |
Pair Trading with Ha Do
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 Ha Do 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 Ha Do will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ha Do could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ha Do 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 Ha Do - 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 Ha Do Group to buy it.
The correlation of Ha Do 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 Ha Do moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ha Do Group 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 Ha Do 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 HDG Stock
Ha Do financial ratios help investors to determine whether HDG 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 HDG with respect to the benefits of owning Ha Do security.