Petrolimex Information (Vietnam) Market Value
| PIA Stock | 26,900 2,000 6.92% |
| Symbol | Petrolimex |
Petrolimex Information '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 Petrolimex Information'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 Petrolimex Information.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Petrolimex Information on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Petrolimex Information Technology or generate 0.0% return on investment in Petrolimex Information over 30 days.
Petrolimex Information 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 Petrolimex Information'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 Petrolimex Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 8.65 |
Petrolimex Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrolimex Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrolimex Information's standard deviation. In reality, there are many statistical measures that can use Petrolimex Information historical prices to predict the future Petrolimex Information's volatility.| Risk Adjusted Performance | 0.0242 | |||
| Jensen Alpha | 0.044 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.429 |
Petrolimex Information Backtested Returns
Petrolimex Information maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Petrolimex Information exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petrolimex Information's Semi Deviation of 2.68, coefficient of variation of 4656.56, and Risk Adjusted Performance of 0.0242 to confirm the risk estimate we provide. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, Petrolimex Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petrolimex Information is expected to be smaller as well. At this point, Petrolimex Information has a negative expected return of -0.35%. Please make sure to check Petrolimex Information's skewness, and the relationship between the potential upside and day median price , to decide if Petrolimex Information performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Petrolimex Information Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Petrolimex Information time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Petrolimex Information price movement. The serial correlation of -0.73 indicates that around 73.0% of current Petrolimex Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 640 K |
Petrolimex Information lagged returns against current returns
Autocorrelation, which is Petrolimex Information 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 Petrolimex Information's stock expected returns. We can calculate the autocorrelation of Petrolimex Information returns to help us make a trade decision. For example, suppose you find that Petrolimex Information 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 |
Petrolimex Information 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 Petrolimex Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrolimex Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrolimex Information stock over time.
Current vs Lagged Prices |
| Timeline |
Petrolimex Information Lagged Returns
When evaluating Petrolimex Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrolimex Information stock have on its future price. Petrolimex Information 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, Petrolimex Information autocorrelation shows the relationship between Petrolimex Information stock current value and its past values and can show if there is a momentum factor associated with investing in Petrolimex Information Technology.
Regressed Prices |
| Timeline |
Pair Trading with Petrolimex Information
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 Petrolimex Information 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 Petrolimex Information will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Petrolimex Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petrolimex Information 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 Petrolimex Information - 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 Petrolimex Information Technology to buy it.
The correlation of Petrolimex Information 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 Petrolimex Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petrolimex Information 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 Petrolimex Information 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.