KSD (Vietnam) Market Value
| KSD Stock | 5,400 400.00 8.00% |
| Symbol | KSD |
Please note, there is a significant difference between KSD's value and its price as these two are different measures arrived at by different means. Investors typically determine if KSD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KSD'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.
KSD '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 KSD'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 KSD.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in KSD on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding KSD or generate 0.0% return on investment in KSD over 720 days. KSD is related to or competes with Duong Hieu, Ha Long, Dinhvu Port, Vina2 Investment, and Development Investment. More
KSD 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 KSD'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 KSD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.96 | |||
| Information Ratio | 0.1299 | |||
| Maximum Drawdown | 19.37 | |||
| Value At Risk | (9.26) | |||
| Potential Upside | 8.62 |
KSD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KSD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KSD's standard deviation. In reality, there are many statistical measures that can use KSD historical prices to predict the future KSD's volatility.| Risk Adjusted Performance | 0.1264 | |||
| Jensen Alpha | 0.7927 | |||
| Total Risk Alpha | 0.0139 | |||
| Sortino Ratio | 0.1113 | |||
| Treynor Ratio | (5.96) |
KSD Backtested Returns
KSD has Sharpe Ratio of -0.0115, which conveys that the firm had a -0.0115% return per unit of return volatility over the last 3 months. KSD exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KSD's Mean Deviation of 4.05, downside deviation of 5.96, and Risk Adjusted Performance of 0.1264 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning KSD are expected to decrease at a much lower rate. During the bear market, KSD is likely to outperform the market. At this point, KSD has a negative expected return of -0.0542%. Please make sure to verify KSD's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if KSD performance from the past will be repeated at future time.
Auto-correlation | -0.34 |
Poor reverse predictability
KSD has poor reverse predictability. Overlapping area represents the amount of predictability between KSD time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 KSD price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current KSD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 407.5 K |
KSD lagged returns against current returns
Autocorrelation, which is KSD 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 KSD's stock expected returns. We can calculate the autocorrelation of KSD returns to help us make a trade decision. For example, suppose you find that KSD 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 |
KSD 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 KSD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KSD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KSD stock over time.
Current vs Lagged Prices |
| Timeline |
KSD Lagged Returns
When evaluating KSD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KSD stock have on its future price. KSD 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, KSD autocorrelation shows the relationship between KSD stock current value and its past values and can show if there is a momentum factor associated with investing in KSD.
Regressed Prices |
| Timeline |
Pair Trading with KSD
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 KSD 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 KSD will appreciate offsetting losses from the drop in the long position's value.Moving against KSD Stock
The ability to find closely correlated positions to KSD could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KSD 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 KSD - 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 KSD to buy it.
The correlation of KSD 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 KSD moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KSD 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 KSD 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 KSD Stock
KSD financial ratios help investors to determine whether KSD 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 KSD with respect to the benefits of owning KSD security.