PV2 Investment (Vietnam) Market Value
| PV2 Stock | 2,400 100.00 4.35% |
| Symbol | PV2 |
PV2 Investment '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 PV2 Investment'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 PV2 Investment.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in PV2 Investment on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding PV2 Investment JSC or generate 0.0% return on investment in PV2 Investment over 30 days. PV2 Investment is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
PV2 Investment 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 PV2 Investment'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 PV2 Investment JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.79 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.33 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.35 |
PV2 Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PV2 Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PV2 Investment's standard deviation. In reality, there are many statistical measures that can use PV2 Investment historical prices to predict the future PV2 Investment's volatility.| Risk Adjusted Performance | 0.0198 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1153 |
PV2 Investment JSC Backtested Returns
As of now, PV2 Stock is very steady. PV2 Investment JSC retains Efficiency (Sharpe Ratio) of 0.0163, which implies the firm had a 0.0163% return per unit of risk over the last 3 months. We have found thirty technical indicators for PV2 Investment, which you can use to evaluate the volatility of the company. Please check PV2 Investment's market risk adjusted performance of 0.1253, and Coefficient Of Variation of 6292.33 to confirm if the risk estimate we provide is consistent with the expected return of 0.0538%. PV2 Investment has a performance score of 1 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PV2 Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding PV2 Investment is expected to be smaller as well. PV2 Investment JSC now owns a risk of 3.31%. Please check PV2 Investment JSC semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to decide if PV2 Investment JSC will be following its current price history.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
PV2 Investment JSC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between PV2 Investment time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 PV2 Investment JSC price movement. The serial correlation of -0.73 indicates that around 73.0% of current PV2 Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 12.4 K |
PV2 Investment JSC lagged returns against current returns
Autocorrelation, which is PV2 Investment 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 PV2 Investment's stock expected returns. We can calculate the autocorrelation of PV2 Investment returns to help us make a trade decision. For example, suppose you find that PV2 Investment 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 |
PV2 Investment 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 PV2 Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PV2 Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PV2 Investment stock over time.
Current vs Lagged Prices |
| Timeline |
PV2 Investment Lagged Returns
When evaluating PV2 Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PV2 Investment stock have on its future price. PV2 Investment 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, PV2 Investment autocorrelation shows the relationship between PV2 Investment stock current value and its past values and can show if there is a momentum factor associated with investing in PV2 Investment JSC.
Regressed Prices |
| Timeline |
Pair Trading with PV2 Investment
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 PV2 Investment 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 PV2 Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with PV2 Stock
The ability to find closely correlated positions to PV2 Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PV2 Investment 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 PV2 Investment - 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 PV2 Investment JSC to buy it.
The correlation of PV2 Investment 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 PV2 Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PV2 Investment 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 PV2 Investment 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 PV2 Stock
PV2 Investment financial ratios help investors to determine whether PV2 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 PV2 with respect to the benefits of owning PV2 Investment security.