Saigon Beer (Vietnam) Market Value
| SAB Stock | 55,400 100.00 0.18% |
| Symbol | Saigon |
Saigon Beer '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 Saigon Beer'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 Saigon Beer.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Saigon Beer on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Saigon Beer Alcohol or generate 0.0% return on investment in Saigon Beer over 330 days. Saigon Beer is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Saigon Beer 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 Saigon Beer'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 Saigon Beer Alcohol upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.26 |
Saigon Beer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saigon Beer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saigon Beer's standard deviation. In reality, there are many statistical measures that can use Saigon Beer historical prices to predict the future Saigon Beer's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.48) |
Saigon Beer Alcohol Backtested Returns
Saigon Beer Alcohol owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0407, which indicates the firm had a -0.0407% return per unit of risk over the last 3 months. Saigon Beer Alcohol exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saigon Beer's Coefficient Of Variation of (1,589), risk adjusted performance of (0.05), and Variance of 0.6455 to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Saigon Beer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saigon Beer is expected to be smaller as well. At this point, Saigon Beer Alcohol has a negative expected return of -0.033%. Please make sure to validate Saigon Beer's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Saigon Beer Alcohol performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Saigon Beer Alcohol has weak predictability. Overlapping area represents the amount of predictability between Saigon Beer time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 Saigon Beer Alcohol price movement. The serial correlation of 0.21 indicates that over 21.0% of current Saigon Beer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 6.6 M |
Saigon Beer Alcohol lagged returns against current returns
Autocorrelation, which is Saigon Beer 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 Saigon Beer's stock expected returns. We can calculate the autocorrelation of Saigon Beer returns to help us make a trade decision. For example, suppose you find that Saigon Beer 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 |
Saigon Beer 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 Saigon Beer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saigon Beer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saigon Beer stock over time.
Current vs Lagged Prices |
| Timeline |
Saigon Beer Lagged Returns
When evaluating Saigon Beer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saigon Beer stock have on its future price. Saigon Beer 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, Saigon Beer autocorrelation shows the relationship between Saigon Beer stock current value and its past values and can show if there is a momentum factor associated with investing in Saigon Beer Alcohol.
Regressed Prices |
| Timeline |
Pair Trading with Saigon Beer
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 Saigon Beer 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 Saigon Beer will appreciate offsetting losses from the drop in the long position's value.Moving together with Saigon Stock
Moving against Saigon Stock
The ability to find closely correlated positions to Saigon Beer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saigon Beer 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 Saigon Beer - 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 Saigon Beer Alcohol to buy it.
The correlation of Saigon Beer 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 Saigon Beer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saigon Beer Alcohol 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 Saigon Beer 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 Saigon Stock
Saigon Beer financial ratios help investors to determine whether Saigon 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 Saigon with respect to the benefits of owning Saigon Beer security.