LDG Investment (Vietnam) Market Value
| LDG Stock | 1,880 30.00 1.62% |
| Symbol | LDG |
LDG 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 LDG 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 LDG Investment.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in LDG Investment on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding LDG Investment JSC or generate 0.0% return on investment in LDG Investment over 90 days. LDG Investment is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
LDG 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 LDG 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 LDG Investment JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 6.49 |
LDG Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LDG Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LDG Investment's standard deviation. In reality, there are many statistical measures that can use LDG Investment historical prices to predict the future LDG Investment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.05) |
LDG Investment JSC Backtested Returns
LDG Investment JSC has Sharpe Ratio of -0.0118, which conveys that the firm had a -0.0118% return per unit of risk over the last 3 months. LDG Investment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LDG Investment's risk adjusted performance of (0.01), and Mean Deviation of 1.67 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.01, which conveys a somewhat significant risk relative to the market. LDG Investment returns are very sensitive to returns on the market. As the market goes up or down, LDG Investment is expected to follow. At this point, LDG Investment JSC has a negative expected return of -0.0289%. Please make sure to verify LDG Investment's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if LDG Investment JSC performance from the past will be repeated in the future.
Auto-correlation | 0.31 |
Below average predictability
LDG Investment JSC has below average predictability. Overlapping area represents the amount of predictability between LDG Investment time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 LDG Investment JSC price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current LDG Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1235.38 |
LDG Investment JSC lagged returns against current returns
Autocorrelation, which is LDG 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 LDG Investment's stock expected returns. We can calculate the autocorrelation of LDG Investment returns to help us make a trade decision. For example, suppose you find that LDG 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 |
LDG 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 LDG Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LDG Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LDG Investment stock over time.
Current vs Lagged Prices |
| Timeline |
LDG Investment Lagged Returns
When evaluating LDG Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LDG Investment stock have on its future price. LDG 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, LDG Investment autocorrelation shows the relationship between LDG Investment stock current value and its past values and can show if there is a momentum factor associated with investing in LDG Investment JSC.
Regressed Prices |
| Timeline |
Pair Trading with LDG 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 LDG 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 LDG Investment will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to LDG 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 LDG 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 LDG 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 LDG Investment JSC to buy it.
The correlation of LDG 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 LDG Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LDG Investment 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 LDG 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 LDG Stock
LDG Investment financial ratios help investors to determine whether LDG 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 LDG with respect to the benefits of owning LDG Investment security.