SCG Construction (Vietnam) Market Value
| SCG Stock | 65,700 300.00 0.45% |
| Symbol | SCG |
SCG Construction '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 SCG Construction'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 SCG Construction.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in SCG Construction on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding SCG Construction JSC or generate 0.0% return on investment in SCG Construction over 60 days. SCG Construction is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
SCG Construction 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 SCG Construction'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 SCG Construction JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4033 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.4666 |
SCG Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCG Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCG Construction's standard deviation. In reality, there are many statistical measures that can use SCG Construction historical prices to predict the future SCG Construction's volatility.| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | (0.03) |
SCG Construction JSC Backtested Returns
As of now, SCG Stock is very steady. SCG Construction JSC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0605, which indicates the company had a 0.0605% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SCG Construction JSC, which you can use to evaluate the volatility of the entity. Please validate SCG Construction's Market Risk Adjusted Performance of (0.02), downside deviation of 0.4033, and Risk Adjusted Performance of 0.0049 to confirm if the risk estimate we provide is consistent with the expected return of 0.0226%. SCG Construction has a performance score of 4 on a scale of 0 to 100. The firm has a beta of 0.0765, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SCG Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding SCG Construction is expected to be smaller as well. SCG Construction JSC now has a risk of 0.37%. Please validate SCG Construction total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if SCG Construction will be following its existing price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
SCG Construction JSC has very weak reverse predictability. Overlapping area represents the amount of predictability between SCG Construction time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 SCG Construction JSC price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current SCG Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 118.6 K |
SCG Construction JSC lagged returns against current returns
Autocorrelation, which is SCG Construction 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 SCG Construction's stock expected returns. We can calculate the autocorrelation of SCG Construction returns to help us make a trade decision. For example, suppose you find that SCG Construction 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 |
SCG Construction 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 SCG Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCG Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCG Construction stock over time.
Current vs Lagged Prices |
| Timeline |
SCG Construction Lagged Returns
When evaluating SCG Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCG Construction stock have on its future price. SCG Construction 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, SCG Construction autocorrelation shows the relationship between SCG Construction stock current value and its past values and can show if there is a momentum factor associated with investing in SCG Construction JSC.
Regressed Prices |
| Timeline |
Pair Trading with SCG Construction
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 SCG Construction 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 SCG Construction will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SCG Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SCG Construction 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 SCG Construction - 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 SCG Construction JSC to buy it.
The correlation of SCG Construction 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 SCG Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SCG Construction 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 SCG Construction 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 SCG Stock
SCG Construction financial ratios help investors to determine whether SCG 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 SCG with respect to the benefits of owning SCG Construction security.