Hung Hau (Vietnam) Market Value
| SJ1 Stock | 11,000 800.00 7.84% |
| Symbol | Hung |
Hung Hau '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 Hung Hau'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 Hung Hau.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hung Hau on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hung Hau Agricultural or generate 0.0% return on investment in Hung Hau over 180 days.
Hung Hau 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 Hung Hau'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 Hung Hau Agricultural upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.12 | |||
| Information Ratio | 0.0055 | |||
| Maximum Drawdown | 17.89 | |||
| Value At Risk | (9.32) | |||
| Potential Upside | 8.18 |
Hung Hau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hung Hau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hung Hau's standard deviation. In reality, there are many statistical measures that can use Hung Hau historical prices to predict the future Hung Hau's volatility.| Risk Adjusted Performance | 0.0332 | |||
| Jensen Alpha | 0.1036 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0042 | |||
| Treynor Ratio | 0.4181 |
Hung Hau Agricultural Backtested Returns
Hung Hau Agricultural holds Efficiency (Sharpe) Ratio of -0.0148, which attests that the entity had a -0.0148% return per unit of risk over the last 3 months. Hung Hau Agricultural exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hung Hau's Risk Adjusted Performance of 0.0332, downside deviation of 6.12, and Market Risk Adjusted Performance of 0.4281 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hung Hau's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hung Hau is expected to be smaller as well. At this point, Hung Hau Agricultural has a negative expected return of -0.0631%. Please make sure to check out Hung Hau's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Hung Hau Agricultural performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Hung Hau Agricultural has insignificant predictability. Overlapping area represents the amount of predictability between Hung Hau time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Hung Hau Agricultural price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Hung Hau price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 320.5 K |
Hung Hau Agricultural lagged returns against current returns
Autocorrelation, which is Hung Hau 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 Hung Hau's stock expected returns. We can calculate the autocorrelation of Hung Hau returns to help us make a trade decision. For example, suppose you find that Hung Hau 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 |
Hung Hau 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 Hung Hau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hung Hau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hung Hau stock over time.
Current vs Lagged Prices |
| Timeline |
Hung Hau Lagged Returns
When evaluating Hung Hau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hung Hau stock have on its future price. Hung Hau 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, Hung Hau autocorrelation shows the relationship between Hung Hau stock current value and its past values and can show if there is a momentum factor associated with investing in Hung Hau Agricultural.
Regressed Prices |
| Timeline |
Pair Trading with Hung Hau
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 Hung Hau 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 Hung Hau will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hung Hau could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hung Hau 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 Hung Hau - 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 Hung Hau Agricultural to buy it.
The correlation of Hung Hau 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 Hung Hau moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hung Hau Agricultural 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 Hung Hau 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.