Saigon Telecommunicatio (Vietnam) Market Value
| SGT Stock | 14,650 150.00 1.03% |
| Symbol | Saigon |
Saigon Telecommunicatio '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 Telecommunicatio'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 Telecommunicatio.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Saigon Telecommunicatio on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Saigon Telecommunication Technologies or generate 0.0% return on investment in Saigon Telecommunicatio over 30 days. Saigon Telecommunicatio is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Saigon Telecommunicatio 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 Telecommunicatio'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 Telecommunication Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 7.34 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.59 |
Saigon Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saigon Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saigon Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Saigon Telecommunicatio historical prices to predict the future Saigon Telecommunicatio's volatility.| Risk Adjusted Performance | 0.0613 | |||
| Jensen Alpha | 0.086 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.9418 |
Saigon Telecommunicatio Backtested Returns
As of now, Saigon Stock is very steady. Saigon Telecommunicatio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0741, which indicates the firm had a 0.0741% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Saigon Telecommunication Technologies, which you can use to evaluate the volatility of the company. Please validate Saigon Telecommunicatio's Risk Adjusted Performance of 0.0613, coefficient of variation of 1346.76, and Semi Deviation of 1.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Saigon Telecommunicatio has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Saigon Telecommunicatio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Saigon Telecommunicatio is expected to be smaller as well. Saigon Telecommunicatio right now has a risk of 1.41%. Please validate Saigon Telecommunicatio sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Saigon Telecommunicatio will be following its existing price patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
Saigon Telecommunication Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Saigon Telecommunicatio time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Telecommunicatio price movement. The serial correlation of -0.21 indicates that over 21.0% of current Saigon Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 184.4 K |
Saigon Telecommunicatio lagged returns against current returns
Autocorrelation, which is Saigon Telecommunicatio 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 Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Saigon Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Saigon Telecommunicatio 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 Telecommunicatio 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 Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saigon Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saigon Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
Saigon Telecommunicatio Lagged Returns
When evaluating Saigon Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saigon Telecommunicatio stock have on its future price. Saigon Telecommunicatio 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 Telecommunicatio autocorrelation shows the relationship between Saigon Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Saigon Telecommunication Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Saigon Telecommunicatio
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 Telecommunicatio 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 Telecommunicatio will appreciate offsetting losses from the drop in the long position's value.Moving against Saigon Stock
| 0.76 | AME | Alphanam ME | PairCorr |
| 0.71 | APG | APG Securities Joint | PairCorr |
| 0.64 | AAA | An Phat Plastic | PairCorr |
| 0.62 | ABS | Binhthuan Agriculture | PairCorr |
| 0.46 | AAM | Mekong Fisheries JSC | PairCorr |
The ability to find closely correlated positions to Saigon Telecommunicatio 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 Telecommunicatio 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 Telecommunicatio - 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 Telecommunication Technologies to buy it.
The correlation of Saigon Telecommunicatio 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 Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saigon Telecommunicatio 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 Telecommunicatio 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 Telecommunicatio 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 Telecommunicatio security.