Saigon Thuong (Vietnam) Market Value
| SCR Stock | 5,370 10.00 0.19% |
| Symbol | Saigon |
Saigon Thuong '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 Thuong'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 Thuong.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Saigon Thuong on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Saigon Thuong Tin or generate 0.0% return on investment in Saigon Thuong over 360 days.
Saigon Thuong 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 Thuong'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 Thuong Tin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.45 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.52 |
Saigon Thuong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saigon Thuong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saigon Thuong's standard deviation. In reality, there are many statistical measures that can use Saigon Thuong historical prices to predict the future Saigon Thuong's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.36) |
Saigon Thuong Tin Backtested Returns
Saigon Thuong Tin owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0778, which indicates the firm had a -0.0778% return per unit of risk over the last 3 months. Saigon Thuong Tin exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saigon Thuong's Variance of 1.96, coefficient of variation of (1,167), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Saigon Thuong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saigon Thuong is expected to be smaller as well. At this point, Saigon Thuong Tin has a negative expected return of -0.11%. Please make sure to validate Saigon Thuong's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Saigon Thuong Tin performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Saigon Thuong Tin has virtually no predictability. Overlapping area represents the amount of predictability between Saigon Thuong time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Thuong Tin price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Saigon Thuong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 462.2 K |
Saigon Thuong Tin lagged returns against current returns
Autocorrelation, which is Saigon Thuong 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 Thuong's stock expected returns. We can calculate the autocorrelation of Saigon Thuong returns to help us make a trade decision. For example, suppose you find that Saigon Thuong 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 Thuong 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 Thuong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saigon Thuong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saigon Thuong stock over time.
Current vs Lagged Prices |
| Timeline |
Saigon Thuong Lagged Returns
When evaluating Saigon Thuong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saigon Thuong stock have on its future price. Saigon Thuong 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 Thuong autocorrelation shows the relationship between Saigon Thuong stock current value and its past values and can show if there is a momentum factor associated with investing in Saigon Thuong Tin.
Regressed Prices |
| Timeline |
Pair Trading with Saigon Thuong
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 Thuong 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 Thuong will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Saigon Thuong 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 Thuong 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 Thuong - 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 Thuong Tin to buy it.
The correlation of Saigon Thuong 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 Thuong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saigon Thuong Tin 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 Thuong 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.