POT (Vietnam) Market Value
| POT Stock | 15,900 1,600 9.14% |
| Symbol | POT |
POT '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 POT'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 POT.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in POT on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding PostTelecommunication Equipment or generate 0.0% return on investment in POT over 60 days. POT is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
POT 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 POT'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 PostTelecommunication Equipment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.29 | |||
| Value At Risk | (8.05) | |||
| Potential Upside | 7.39 |
POT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POT's standard deviation. In reality, there are many statistical measures that can use POT historical prices to predict the future POT's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | 0.1429 |
PostTelecommunication Backtested Returns
PostTelecommunication maintains Sharpe Ratio (i.e., Efficiency) of -0.0398, which implies the firm had a -0.0398% return per unit of risk over the last 3 months. PostTelecommunication exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check POT's Risk Adjusted Performance of (0.01), variance of 22.29, and Coefficient Of Variation of (4,267) to confirm the risk estimate we provide. The company holds a Beta of -0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning POT are expected to decrease at a much lower rate. During the bear market, POT is likely to outperform the market. At this point, PostTelecommunication has a negative expected return of -0.2%. Please make sure to check POT's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if PostTelecommunication performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
PostTelecommunication Equipment has virtually no predictability. Overlapping area represents the amount of predictability between POT time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 PostTelecommunication price movement. The serial correlation of 0.08 indicates that barely 8.0% of current POT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 397.8 K |
PostTelecommunication lagged returns against current returns
Autocorrelation, which is POT 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 POT's stock expected returns. We can calculate the autocorrelation of POT returns to help us make a trade decision. For example, suppose you find that POT 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 |
POT 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 POT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POT stock over time.
Current vs Lagged Prices |
| Timeline |
POT Lagged Returns
When evaluating POT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POT stock have on its future price. POT 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, POT autocorrelation shows the relationship between POT stock current value and its past values and can show if there is a momentum factor associated with investing in PostTelecommunication Equipment.
Regressed Prices |
| Timeline |
Pair Trading with POT
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 POT 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 POT will appreciate offsetting losses from the drop in the long position's value.Moving together with POT Stock
The ability to find closely correlated positions to POT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace POT 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 POT - 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 PostTelecommunication Equipment to buy it.
The correlation of POT 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 POT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PostTelecommunication 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 POT 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 POT Stock
POT financial ratios help investors to determine whether POT 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 POT with respect to the benefits of owning POT security.