PVI Holdings (Vietnam) Market Value
| PVI Stock | 47,100 800.00 1.67% |
| Symbol | PVI |
PVI Holdings '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 PVI Holdings' 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 PVI Holdings.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in PVI Holdings on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding PVI Holdings or generate 0.0% return on investment in PVI Holdings over 30 days.
PVI Holdings 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 PVI Holdings' 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 PVI Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.57 |
PVI Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PVI Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PVI Holdings' standard deviation. In reality, there are many statistical measures that can use PVI Holdings historical prices to predict the future PVI Holdings' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (1.75) |
PVI Holdings Backtested Returns
PVI Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0648, which implies the firm had a -0.0648% return per unit of volatility over the last 3 months. PVI Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PVI Holdings' coefficient of variation of (1,913), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 0.0356, which implies not very significant fluctuations relative to the market. As returns on the market increase, PVI Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding PVI Holdings is expected to be smaller as well. At this point, PVI Holdings has a negative expected return of -0.0634%. Please make sure to check PVI Holdings' kurtosis, and the relationship between the maximum drawdown and day median price , to decide if PVI Holdings performance from the past will be repeated at future time.
Auto-correlation | 0.37 |
Below average predictability
PVI Holdings has below average predictability. Overlapping area represents the amount of predictability between PVI Holdings time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 PVI Holdings price movement. The serial correlation of 0.37 indicates that just about 37.0% of current PVI Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 207.3 K |
PVI Holdings lagged returns against current returns
Autocorrelation, which is PVI Holdings 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 PVI Holdings' stock expected returns. We can calculate the autocorrelation of PVI Holdings returns to help us make a trade decision. For example, suppose you find that PVI Holdings 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 |
PVI Holdings 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 PVI Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PVI Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PVI Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
PVI Holdings Lagged Returns
When evaluating PVI Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PVI Holdings stock have on its future price. PVI Holdings 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, PVI Holdings autocorrelation shows the relationship between PVI Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in PVI Holdings.
Regressed Prices |
| Timeline |
Pair Trading with PVI Holdings
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 PVI Holdings 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 PVI Holdings will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to PVI Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PVI Holdings 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 PVI Holdings - 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 PVI Holdings to buy it.
The correlation of PVI Holdings 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 PVI Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PVI Holdings 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 PVI Holdings 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.