Hanoi Plastics (Vietnam) Market Value
| NHH Stock | 13,150 50.00 0.38% |
| Symbol | Hanoi |
Hanoi Plastics '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 Hanoi Plastics' 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 Hanoi Plastics.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Hanoi Plastics on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Hanoi Plastics JSC or generate 0.0% return on investment in Hanoi Plastics over 720 days. Hanoi Plastics is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Hanoi Plastics 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 Hanoi Plastics' 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 Hanoi Plastics JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.79 |
Hanoi Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanoi Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanoi Plastics' standard deviation. In reality, there are many statistical measures that can use Hanoi Plastics historical prices to predict the future Hanoi Plastics' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.85) |
Hanoi Plastics JSC Backtested Returns
Hanoi Plastics JSC holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. Hanoi Plastics JSC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hanoi Plastics' Risk Adjusted Performance of (0.12), market risk adjusted performance of (0.84), and Standard Deviation of 1.35 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hanoi Plastics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hanoi Plastics is expected to be smaller as well. At this point, Hanoi Plastics JSC has a negative expected return of -0.16%. Please make sure to check out Hanoi Plastics' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Hanoi Plastics JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Hanoi Plastics JSC has very good reverse predictability. Overlapping area represents the amount of predictability between Hanoi Plastics time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Hanoi Plastics JSC price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Hanoi Plastics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 3.5 M |
Hanoi Plastics JSC lagged returns against current returns
Autocorrelation, which is Hanoi Plastics 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 Hanoi Plastics' stock expected returns. We can calculate the autocorrelation of Hanoi Plastics returns to help us make a trade decision. For example, suppose you find that Hanoi Plastics 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 |
Hanoi Plastics 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 Hanoi Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanoi Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanoi Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
Hanoi Plastics Lagged Returns
When evaluating Hanoi Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanoi Plastics stock have on its future price. Hanoi Plastics 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, Hanoi Plastics autocorrelation shows the relationship between Hanoi Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in Hanoi Plastics JSC.
Regressed Prices |
| Timeline |
Pair Trading with Hanoi Plastics
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 Hanoi Plastics 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 Hanoi Plastics will appreciate offsetting losses from the drop in the long position's value.Moving together with Hanoi Stock
Moving against Hanoi Stock
The ability to find closely correlated positions to Hanoi Plastics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanoi Plastics 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 Hanoi Plastics - 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 Hanoi Plastics JSC to buy it.
The correlation of Hanoi Plastics 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 Hanoi Plastics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanoi Plastics 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 Hanoi Plastics 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 Hanoi Stock
Hanoi Plastics financial ratios help investors to determine whether Hanoi 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 Hanoi with respect to the benefits of owning Hanoi Plastics security.