HUD1 Investment (Vietnam) Market Value
| HU1 Stock | 6,010 450.00 6.97% |
| Symbol | HUD1 |
HUD1 Investment '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 HUD1 Investment'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 HUD1 Investment.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in HUD1 Investment on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding HUD1 Investment and or generate 0.0% return on investment in HUD1 Investment over 600 days. HUD1 Investment is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
HUD1 Investment 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 HUD1 Investment'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 HUD1 Investment and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.95 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.14 | |||
| Value At Risk | (6.92) | |||
| Potential Upside | 6.85 |
HUD1 Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUD1 Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HUD1 Investment's standard deviation. In reality, there are many statistical measures that can use HUD1 Investment historical prices to predict the future HUD1 Investment's volatility.| Risk Adjusted Performance | 0.0168 | |||
| Jensen Alpha | 0.122 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.05) |
HUD1 Investment Backtested Returns
As of now, HUD1 Stock is very steady. HUD1 Investment holds Efficiency (Sharpe) Ratio of 0.003, which attests that the entity had a 0.003% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for HUD1 Investment, which you can use to evaluate the volatility of the firm. Please check out HUD1 Investment's Risk Adjusted Performance of 0.0168, market risk adjusted performance of (0.04), and Semi Deviation of 4.14 to validate if the risk estimate we provide is consistent with the expected return of 0.0139%. The company retains a Market Volatility (i.e., Beta) of -0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HUD1 Investment are expected to decrease at a much lower rate. During the bear market, HUD1 Investment is likely to outperform the market. HUD1 Investment currently retains a risk of 4.69%. Please check out HUD1 Investment coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if HUD1 Investment will be following its current trending patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
HUD1 Investment and has weak reverse predictability. Overlapping area represents the amount of predictability between HUD1 Investment time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 HUD1 Investment price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current HUD1 Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 176.6 K |
HUD1 Investment lagged returns against current returns
Autocorrelation, which is HUD1 Investment 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 HUD1 Investment's stock expected returns. We can calculate the autocorrelation of HUD1 Investment returns to help us make a trade decision. For example, suppose you find that HUD1 Investment 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 |
HUD1 Investment 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 HUD1 Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUD1 Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUD1 Investment stock over time.
Current vs Lagged Prices |
| Timeline |
HUD1 Investment Lagged Returns
When evaluating HUD1 Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HUD1 Investment stock have on its future price. HUD1 Investment 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, HUD1 Investment autocorrelation shows the relationship between HUD1 Investment stock current value and its past values and can show if there is a momentum factor associated with investing in HUD1 Investment and.
Regressed Prices |
| Timeline |
Pair Trading with HUD1 Investment
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 HUD1 Investment 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 HUD1 Investment will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to HUD1 Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HUD1 Investment 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 HUD1 Investment - 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 HUD1 Investment and to buy it.
The correlation of HUD1 Investment 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 HUD1 Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HUD1 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 HUD1 Investment 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 HUD1 Stock
HUD1 Investment financial ratios help investors to determine whether HUD1 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 HUD1 with respect to the benefits of owning HUD1 Investment security.