Construction (Vietnam) Market Value
| L18 Stock | 39,600 1,100 2.86% |
| Symbol | Construction |
Construction '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 Construction'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 Construction.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Construction on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Construction And Investment or generate 0.0% return on investment in Construction over 720 days. Construction is related to or competes with POT, Hanoi Plastics, Ben Thanh, An Phat, Danang Rubber, and Post. More
Construction 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 Construction'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 Construction And Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.033 | |||
| Maximum Drawdown | 12.48 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 2.53 |
Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Construction's standard deviation. In reality, there are many statistical measures that can use Construction historical prices to predict the future Construction's volatility.| Risk Adjusted Performance | 0.0338 | |||
| Jensen Alpha | 0.0638 | |||
| Total Risk Alpha | 0.0608 | |||
| Sortino Ratio | 0.0426 | |||
| Treynor Ratio | (2.93) |
Construction And Inv Backtested Returns
As of now, Construction Stock is very steady. Construction And Inv secures Sharpe Ratio (or Efficiency) of 0.0229, which signifies that the company had a 0.0229 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Construction And Investment, which you can use to evaluate the volatility of the firm. Please confirm Construction's Downside Deviation of 1.47, mean deviation of 1.28, and Risk Adjusted Performance of 0.0338 to double-check if the risk estimate we provide is consistent with the expected return of 0.0436%. Construction has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0218, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Construction are expected to decrease at a much lower rate. During the bear market, Construction is likely to outperform the market. Construction And Inv right now shows a risk of 1.9%. Please confirm Construction And Inv sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Construction And Inv will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Construction And Investment has good reverse predictability. Overlapping area represents the amount of predictability between Construction time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Construction And Inv price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 11.6 M |
Construction And Inv lagged returns against current returns
Autocorrelation, which is Construction 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 Construction's stock expected returns. We can calculate the autocorrelation of Construction returns to help us make a trade decision. For example, suppose you find that Construction 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 |
Construction 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 Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Construction Lagged Returns
When evaluating Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Construction stock have on its future price. Construction 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, Construction autocorrelation shows the relationship between Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Construction And Investment.
Regressed Prices |
| Timeline |
Pair Trading with Construction
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 Construction 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 Construction will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Construction 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 Construction - 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 Construction And Investment to buy it.
The correlation of Construction 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 Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Construction And Inv 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 Construction 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 Construction Stock
Construction financial ratios help investors to determine whether Construction 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 Construction with respect to the benefits of owning Construction security.