PetroVietnam Transportation (Vietnam) Market Value
| PVT Stock | 26,800 450.00 1.65% |
| Symbol | PetroVietnam |
PetroVietnam Transportation '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 PetroVietnam Transportation'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 PetroVietnam Transportation.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in PetroVietnam Transportation on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding PetroVietnam Transportation Corp or generate 0.0% return on investment in PetroVietnam Transportation over 690 days. PetroVietnam Transportation is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
PetroVietnam Transportation 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 PetroVietnam Transportation'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 PetroVietnam Transportation Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.8 |
PetroVietnam Transportation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PetroVietnam Transportation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PetroVietnam Transportation's standard deviation. In reality, there are many statistical measures that can use PetroVietnam Transportation historical prices to predict the future PetroVietnam Transportation's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.49) |
PetroVietnam Transportation Backtested Returns
PetroVietnam Transportation maintains Sharpe Ratio (i.e., Efficiency) of -0.0648, which implies the firm had a -0.0648% return per unit of risk over the last 3 months. PetroVietnam Transportation exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PetroVietnam Transportation's Coefficient Of Variation of (1,318), variance of 1.45, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, PetroVietnam Transportation's returns are expected to increase less than the market. However, during the bear market, the loss of holding PetroVietnam Transportation is expected to be smaller as well. At this point, PetroVietnam Transportation has a negative expected return of -0.0779%. Please make sure to check PetroVietnam Transportation's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if PetroVietnam Transportation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
PetroVietnam Transportation Corp has modest predictability. Overlapping area represents the amount of predictability between PetroVietnam Transportation time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 PetroVietnam Transportation price movement. The serial correlation of 0.54 indicates that about 54.0% of current PetroVietnam Transportation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 4.8 M |
PetroVietnam Transportation lagged returns against current returns
Autocorrelation, which is PetroVietnam Transportation 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 PetroVietnam Transportation's stock expected returns. We can calculate the autocorrelation of PetroVietnam Transportation returns to help us make a trade decision. For example, suppose you find that PetroVietnam Transportation 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 |
PetroVietnam Transportation 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 PetroVietnam Transportation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PetroVietnam Transportation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PetroVietnam Transportation stock over time.
Current vs Lagged Prices |
| Timeline |
PetroVietnam Transportation Lagged Returns
When evaluating PetroVietnam Transportation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PetroVietnam Transportation stock have on its future price. PetroVietnam Transportation 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, PetroVietnam Transportation autocorrelation shows the relationship between PetroVietnam Transportation stock current value and its past values and can show if there is a momentum factor associated with investing in PetroVietnam Transportation Corp.
Regressed Prices |
| Timeline |
Pair Trading with PetroVietnam Transportation
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 PetroVietnam Transportation 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 PetroVietnam Transportation will appreciate offsetting losses from the drop in the long position's value.Moving together with PetroVietnam Stock
The ability to find closely correlated positions to PetroVietnam Transportation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PetroVietnam Transportation 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 PetroVietnam Transportation - 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 PetroVietnam Transportation Corp to buy it.
The correlation of PetroVietnam Transportation 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 PetroVietnam Transportation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PetroVietnam Transportation 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 PetroVietnam Transportation 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 PetroVietnam Stock
PetroVietnam Transportation financial ratios help investors to determine whether PetroVietnam 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 PetroVietnam with respect to the benefits of owning PetroVietnam Transportation security.