Idico JSC (Vietnam) Market Value
| IDC Stock | 54,200 200.00 0.37% |
| Symbol | Idico |
Please note, there is a significant difference between Idico JSC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Idico JSC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Idico JSC'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.
Idico JSC '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 Idico JSC'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 Idico JSC.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Idico JSC on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Idico JSC or generate 0.0% return on investment in Idico JSC over 360 days. Idico JSC is related to or competes with TDT Investment, Tien Giang, Riverway Management, Tienlen Steel, Binh Duong, Tri Viet, and Vincom Retail. More
Idico JSC 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 Idico JSC'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 Idico JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.49 |
Idico JSC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Idico JSC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Idico JSC's standard deviation. In reality, there are many statistical measures that can use Idico JSC historical prices to predict the future Idico JSC's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.43) |
Idico JSC Backtested Returns
Idico JSC holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. Idico JSC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Idico JSC's Standard Deviation of 1.19, market risk adjusted performance of (0.42), and Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Idico JSC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Idico JSC is expected to be smaller as well. At this point, Idico JSC has a negative expected return of -0.17%. Please make sure to check out Idico JSC's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Idico JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Idico JSC has very good reverse predictability. Overlapping area represents the amount of predictability between Idico JSC time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Idico JSC price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Idico JSC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 6.1 M |
Idico JSC lagged returns against current returns
Autocorrelation, which is Idico JSC 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 Idico JSC's stock expected returns. We can calculate the autocorrelation of Idico JSC returns to help us make a trade decision. For example, suppose you find that Idico JSC 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 |
Idico JSC 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 Idico JSC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Idico JSC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Idico JSC stock over time.
Current vs Lagged Prices |
| Timeline |
Idico JSC Lagged Returns
When evaluating Idico JSC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Idico JSC stock have on its future price. Idico JSC 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, Idico JSC autocorrelation shows the relationship between Idico JSC stock current value and its past values and can show if there is a momentum factor associated with investing in Idico JSC.
Regressed Prices |
| Timeline |
Pair Trading with Idico JSC
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 Idico JSC 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 Idico JSC will appreciate offsetting losses from the drop in the long position's value.Moving together with Idico Stock
| 0.67 | ADS | Damsan JSC | PairCorr |
| 0.75 | AAA | An Phat Plastic | PairCorr |
| 0.79 | AME | Alphanam ME | PairCorr |
| 0.78 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Idico JSC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idico JSC 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 Idico JSC - 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 Idico JSC to buy it.
The correlation of Idico JSC 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 Idico JSC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idico JSC 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 Idico JSC 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 Idico Stock
Idico JSC financial ratios help investors to determine whether Idico 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 Idico with respect to the benefits of owning Idico JSC security.