Mechanics Construction (Vietnam) Market Value
| MCF Stock | 8,400 100.00 1.18% |
| Symbol | Mechanics |
Mechanics 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 Mechanics 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 Mechanics Construction.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Mechanics Construction on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Mechanics Construction and or generate 0.0% return on investment in Mechanics Construction over 510 days. Mechanics Construction is related to or competes with Development Investment, MST Investment, Dong Nai, Vinhomes JSC, Sao Vang, Vu Dang, and Vina2 Investment. More
Mechanics 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 Mechanics 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 Mechanics Construction and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.3 |
Mechanics Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mechanics Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mechanics Construction's standard deviation. In reality, there are many statistical measures that can use Mechanics Construction historical prices to predict the future Mechanics Construction's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.6504 |
Mechanics Construction Backtested Returns
Mechanics Construction has Sharpe Ratio of -0.0667, which conveys that the firm had a -0.0667% return per unit of risk over the last 3 months. Mechanics Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mechanics Construction's Mean Deviation of 0.7434, standard deviation of 1.19, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0595, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mechanics Construction are expected to decrease at a much lower rate. During the bear market, Mechanics Construction is likely to outperform the market. At this point, Mechanics Construction has a negative expected return of -0.0835%. Please make sure to verify Mechanics Construction's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Mechanics Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Mechanics Construction and has modest predictability. Overlapping area represents the amount of predictability between Mechanics Construction time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Mechanics Construction price movement. The serial correlation of 0.52 indicates that about 52.0% of current Mechanics Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 198.4 K |
Mechanics Construction lagged returns against current returns
Autocorrelation, which is Mechanics 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 Mechanics Construction's stock expected returns. We can calculate the autocorrelation of Mechanics Construction returns to help us make a trade decision. For example, suppose you find that Mechanics 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 |
Mechanics 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 Mechanics Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mechanics Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mechanics Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Mechanics Construction Lagged Returns
When evaluating Mechanics Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mechanics Construction stock have on its future price. Mechanics 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, Mechanics Construction autocorrelation shows the relationship between Mechanics Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Mechanics Construction and.
Regressed Prices |
| Timeline |
Pair Trading with Mechanics 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 Mechanics 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 Mechanics Construction will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Mechanics 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 Mechanics 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 Mechanics 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 Mechanics Construction and to buy it.
The correlation of Mechanics 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 Mechanics Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mechanics Construction 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 Mechanics 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 Mechanics Stock
Mechanics Construction financial ratios help investors to determine whether Mechanics 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 Mechanics with respect to the benefits of owning Mechanics Construction security.