South Books (Vietnam) Market Value
| SMN Stock | 13,000 0.00 0.00% |
| Symbol | South |
South Books '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 South Books' 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 South Books.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in South Books on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding South Books Educational or generate 0.0% return on investment in South Books over 30 days.
South Books 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 South Books' 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 South Books Educational upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.32 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 16.89 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 5.88 |
South Books Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for South Books' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as South Books' standard deviation. In reality, there are many statistical measures that can use South Books historical prices to predict the future South Books' volatility.| Risk Adjusted Performance | 0.037 | |||
| Jensen Alpha | 0.1307 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.0009) | |||
| Treynor Ratio | (0.94) |
South Books Educational Backtested Returns
South Books appears to be very steady, given 3 months investment horizon. South Books Educational owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0859, which indicates the firm had a 0.0859% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for South Books Educational, which you can use to evaluate the volatility of the company. Please review South Books' Risk Adjusted Performance of 0.037, coefficient of variation of 2614.29, and Semi Deviation of 3.17 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, South Books holds a performance score of 6. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning South Books are expected to decrease at a much lower rate. During the bear market, South Books is likely to outperform the market. Please check South Books' potential upside, as well as the relationship between the skewness and day typical price , to make a quick decision on whether South Books' existing price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
South Books Educational has modest predictability. Overlapping area represents the amount of predictability between South Books time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 South Books Educational price movement. The serial correlation of 0.53 indicates that about 53.0% of current South Books price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2222.22 |
South Books Educational lagged returns against current returns
Autocorrelation, which is South Books 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 South Books' stock expected returns. We can calculate the autocorrelation of South Books returns to help us make a trade decision. For example, suppose you find that South Books 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 |
South Books 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 South Books stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if South Books stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in South Books stock over time.
Current vs Lagged Prices |
| Timeline |
South Books Lagged Returns
When evaluating South Books' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of South Books stock have on its future price. South Books 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, South Books autocorrelation shows the relationship between South Books stock current value and its past values and can show if there is a momentum factor associated with investing in South Books Educational.
Regressed Prices |
| Timeline |
Pair Trading with South Books
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 South Books 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 South Books will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to South Books could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace South Books 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 South Books - 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 South Books Educational to buy it.
The correlation of South Books 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 South Books moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if South Books Educational 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 South Books 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.