Japan Vietnam (Vietnam) Market Value
| JVC Stock | 2,970 60.00 1.98% |
| Symbol | Japan |
Japan Vietnam '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 Japan Vietnam'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 Japan Vietnam.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Japan Vietnam on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Japan Vietnam Medical or generate 0.0% return on investment in Japan Vietnam over 30 days. Japan Vietnam is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Japan Vietnam 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 Japan Vietnam'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 Japan Vietnam Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 0.9063 |
Japan Vietnam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Japan Vietnam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Japan Vietnam's standard deviation. In reality, there are many statistical measures that can use Japan Vietnam historical prices to predict the future Japan Vietnam's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 2.6 |
Japan Vietnam Medical Backtested Returns
Japan Vietnam Medical holds Efficiency (Sharpe) Ratio of -0.23, which attests that the entity had a -0.23% return per unit of risk over the last 3 months. Japan Vietnam Medical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Japan Vietnam's Market Risk Adjusted Performance of 2.61, risk adjusted performance of (0.17), and Standard Deviation of 0.8085 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.071, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Japan Vietnam are expected to decrease at a much lower rate. During the bear market, Japan Vietnam is likely to outperform the market. At this point, Japan Vietnam Medical has a negative expected return of -0.19%. Please make sure to check out Japan Vietnam's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Japan Vietnam Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
Japan Vietnam Medical has very good predictability. Overlapping area represents the amount of predictability between Japan Vietnam time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Japan Vietnam Medical price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Japan Vietnam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 10.1 K |
Japan Vietnam Medical lagged returns against current returns
Autocorrelation, which is Japan Vietnam 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 Japan Vietnam's stock expected returns. We can calculate the autocorrelation of Japan Vietnam returns to help us make a trade decision. For example, suppose you find that Japan Vietnam 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 |
Japan Vietnam 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 Japan Vietnam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Japan Vietnam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Japan Vietnam stock over time.
Current vs Lagged Prices |
| Timeline |
Japan Vietnam Lagged Returns
When evaluating Japan Vietnam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Japan Vietnam stock have on its future price. Japan Vietnam 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, Japan Vietnam autocorrelation shows the relationship between Japan Vietnam stock current value and its past values and can show if there is a momentum factor associated with investing in Japan Vietnam Medical.
Regressed Prices |
| Timeline |
Pair Trading with Japan Vietnam
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 Japan Vietnam 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 Japan Vietnam will appreciate offsetting losses from the drop in the long position's value.Moving together with Japan Stock
The ability to find closely correlated positions to Japan Vietnam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Japan Vietnam 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 Japan Vietnam - 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 Japan Vietnam Medical to buy it.
The correlation of Japan Vietnam 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 Japan Vietnam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Japan Vietnam Medical 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 Japan Vietnam 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 Japan Stock
Japan Vietnam financial ratios help investors to determine whether Japan 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 Japan with respect to the benefits of owning Japan Vietnam security.