Ha Long (Vietnam) Market Value
| HID Stock | 2,640 10.00 0.38% |
| Symbol | HID |
Ha Long '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 Long'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 Long.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ha Long on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ha Long Investment or generate 0.0% return on investment in Ha Long over 30 days. Ha Long is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Ha Long 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 Long'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 Long Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.49 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.05 |
Ha Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ha Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ha Long's standard deviation. In reality, there are many statistical measures that can use Ha Long historical prices to predict the future Ha Long's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.5297 |
Ha Long Investment Backtested Returns
Ha Long Investment retains Efficiency (Sharpe Ratio) of -0.0318, which attests that the entity had a -0.0318% return per unit of price deviation over the last 3 months. Ha Long exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ha Long's Market Risk Adjusted Performance of 0.5397, information ratio of (0.17), and Coefficient Of Variation of (1,542) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ha Long are expected to decrease at a much lower rate. During the bear market, Ha Long is likely to outperform the market. At this point, Ha Long Investment has a negative expected return of -0.0402%. Please make sure to check out Ha Long's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Ha Long Investment performance from the past will be repeated at some future date.
Auto-correlation | 0.35 |
Below average predictability
Ha Long Investment has below average predictability. Overlapping area represents the amount of predictability between Ha Long time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Long Investment price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Ha Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 623.14 |
Ha Long Investment lagged returns against current returns
Autocorrelation, which is Ha Long 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 Long's stock expected returns. We can calculate the autocorrelation of Ha Long returns to help us make a trade decision. For example, suppose you find that Ha Long 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 Long 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 Long stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ha Long stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ha Long stock over time.
Current vs Lagged Prices |
| Timeline |
Ha Long Lagged Returns
When evaluating Ha Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ha Long stock have on its future price. Ha Long 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 Long autocorrelation shows the relationship between Ha Long stock current value and its past values and can show if there is a momentum factor associated with investing in Ha Long Investment.
Regressed Prices |
| Timeline |
Pair Trading with Ha Long
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 Long 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 Long will appreciate offsetting losses from the drop in the long position's value.Moving against HID Stock
The ability to find closely correlated positions to Ha Long 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 Long 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 Long - 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 Long Investment to buy it.
The correlation of Ha Long 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 Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ha Long Investment 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 Long 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 HID Stock
Ha Long financial ratios help investors to determine whether HID 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 HID with respect to the benefits of owning Ha Long security.