Hoasen (Vietnam) Market Value
| HSG Stock | 18,950 50.00 0.26% |
| Symbol | Hoasen |
Please note, there is a significant difference between Hoasen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hoasen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hoasen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hoasen '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 Hoasen'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 Hoasen.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Hoasen on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hoasen Group or generate 0.0% return on investment in Hoasen over 360 days. Hoasen is related to or competes with Vietnam JSCmmercial, Saigon Beer, Century Synthetic, Saigon Viendong, Vietnam Petroleum, and Vietnam Technological. More
Hoasen 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 Hoasen'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 Hoasen Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 15.19 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.22 |
Hoasen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoasen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoasen's standard deviation. In reality, there are many statistical measures that can use Hoasen historical prices to predict the future Hoasen's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (1.56) |
Hoasen Group Backtested Returns
Hoasen Group holds Efficiency (Sharpe) Ratio of -0.0476, which attests that the entity had a -0.0476% return per unit of standard deviation over the last 3 months. Hoasen Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hoasen's risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (1.55) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.093, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hoasen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hoasen is expected to be smaller as well. At this point, Hoasen Group has a negative expected return of -0.0898%. Please make sure to check out Hoasen's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Hoasen Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Hoasen Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hoasen time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Hoasen Group price movement. The serial correlation of -0.16 indicates that over 16.0% of current Hoasen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 3.7 M |
Hoasen Group lagged returns against current returns
Autocorrelation, which is Hoasen 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 Hoasen's stock expected returns. We can calculate the autocorrelation of Hoasen returns to help us make a trade decision. For example, suppose you find that Hoasen 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 |
Hoasen 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 Hoasen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoasen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hoasen stock over time.
Current vs Lagged Prices |
| Timeline |
Hoasen Lagged Returns
When evaluating Hoasen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoasen stock have on its future price. Hoasen 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, Hoasen autocorrelation shows the relationship between Hoasen stock current value and its past values and can show if there is a momentum factor associated with investing in Hoasen Group.
Regressed Prices |
| Timeline |
Pair Trading with Hoasen
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 Hoasen 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 Hoasen will appreciate offsetting losses from the drop in the long position's value.Moving together with Hoasen Stock
The ability to find closely correlated positions to Hoasen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hoasen 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 Hoasen - 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 Hoasen Group to buy it.
The correlation of Hoasen 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 Hoasen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hoasen 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 Hoasen 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 Hoasen Stock
Hoasen financial ratios help investors to determine whether Hoasen 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 Hoasen with respect to the benefits of owning Hoasen security.