PC1 Group (Vietnam) Market Value
| PC1 Stock | 22,400 100.00 0.45% |
| Symbol | PC1 |
Please note, there is a significant difference between PC1 Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if PC1 Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PC1 Group'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.
PC1 Group '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 PC1 Group'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 PC1 Group.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in PC1 Group on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding PC1 Group JSC or generate 0.0% return on investment in PC1 Group over 30 days. PC1 Group is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
PC1 Group 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 PC1 Group'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 PC1 Group JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 27.38 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 1.76 |
PC1 Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PC1 Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PC1 Group's standard deviation. In reality, there are many statistical measures that can use PC1 Group historical prices to predict the future PC1 Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.26) |
PC1 Group JSC Backtested Returns
PC1 Group JSC retains Efficiency (Sharpe Ratio) of -0.0672, which implies the company had a -0.0672% return per unit of price deviation over the last 3 months. PC1 Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PC1 Group's information ratio of (0.10), and Market Risk Adjusted Performance of (0.25) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.69, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PC1 Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding PC1 Group is expected to be smaller as well. At this point, PC1 Group JSC has a negative expected return of -0.18%. Please make sure to check PC1 Group's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if PC1 Group JSC performance from the past will be repeated at some future date.
Auto-correlation | 0.93 |
Excellent predictability
PC1 Group JSC has excellent predictability. Overlapping area represents the amount of predictability between PC1 Group time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 PC1 Group JSC price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current PC1 Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 350.6 K |
PC1 Group JSC lagged returns against current returns
Autocorrelation, which is PC1 Group 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 PC1 Group's stock expected returns. We can calculate the autocorrelation of PC1 Group returns to help us make a trade decision. For example, suppose you find that PC1 Group 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 |
PC1 Group 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 PC1 Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PC1 Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PC1 Group stock over time.
Current vs Lagged Prices |
| Timeline |
PC1 Group Lagged Returns
When evaluating PC1 Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PC1 Group stock have on its future price. PC1 Group 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, PC1 Group autocorrelation shows the relationship between PC1 Group stock current value and its past values and can show if there is a momentum factor associated with investing in PC1 Group JSC.
Regressed Prices |
| Timeline |
Pair Trading with PC1 Group
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 PC1 Group 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 PC1 Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to PC1 Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PC1 Group 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 PC1 Group - 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 PC1 Group JSC to buy it.
The correlation of PC1 Group 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 PC1 Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PC1 Group 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 PC1 Group 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 PC1 Stock
PC1 Group financial ratios help investors to determine whether PC1 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 PC1 with respect to the benefits of owning PC1 Group security.