Pha Le (Vietnam) Market Value
| PLP Stock | 4,520 150.00 3.21% |
| Symbol | Pha |
Pha Le '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 Pha Le'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 Pha Le.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Pha Le on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Pha Le Plastics or generate 0.0% return on investment in Pha Le over 720 days. Pha Le is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Pha Le 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 Pha Le'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 Pha Le Plastics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.7 |
Pha Le Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pha Le's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pha Le's standard deviation. In reality, there are many statistical measures that can use Pha Le historical prices to predict the future Pha Le's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.18) |
Pha Le Plastics Backtested Returns
Pha Le Plastics maintains Sharpe Ratio (i.e., Efficiency) of -0.0582, which implies the firm had a -0.0582% return per unit of risk over the last 3 months. Pha Le Plastics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pha Le's Coefficient Of Variation of (3,994), risk adjusted performance of (0.01), and Variance of 1.97 to confirm the risk estimate we provide. The company holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pha Le's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pha Le is expected to be smaller as well. At this point, Pha Le Plastics has a negative expected return of -0.0861%. Please make sure to check Pha Le's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Pha Le Plastics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Pha Le Plastics has modest predictability. Overlapping area represents the amount of predictability between Pha Le time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Pha Le Plastics price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Pha Le price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 106.7 K |
Pha Le Plastics lagged returns against current returns
Autocorrelation, which is Pha Le 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 Pha Le's stock expected returns. We can calculate the autocorrelation of Pha Le returns to help us make a trade decision. For example, suppose you find that Pha Le 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 |
Pha Le 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 Pha Le stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pha Le stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pha Le stock over time.
Current vs Lagged Prices |
| Timeline |
Pha Le Lagged Returns
When evaluating Pha Le's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pha Le stock have on its future price. Pha Le 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, Pha Le autocorrelation shows the relationship between Pha Le stock current value and its past values and can show if there is a momentum factor associated with investing in Pha Le Plastics.
Regressed Prices |
| Timeline |
Pair Trading with Pha Le
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 Pha Le 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 Pha Le will appreciate offsetting losses from the drop in the long position's value.Moving together with Pha Stock
Moving against Pha Stock
The ability to find closely correlated positions to Pha Le could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pha Le 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 Pha Le - 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 Pha Le Plastics to buy it.
The correlation of Pha Le 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 Pha Le moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pha Le Plastics 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 Pha Le 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 Pha Stock
Pha Le financial ratios help investors to determine whether Pha 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 Pha with respect to the benefits of owning Pha Le security.