Saigon Viendong (Vietnam) Market Value
| SVT Stock | 11,400 50.00 0.44% |
| Symbol | Saigon |
Saigon Viendong '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 Viendong'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 Viendong.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Saigon Viendong on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Saigon Viendong Technology or generate 0.0% return on investment in Saigon Viendong over 90 days. Saigon Viendong is related to or competes with Bao Ngoc, Techcom Vietnam, Din Capital, PetroVietnam Drilling, MST Investment, Danang Education, and Development Investment. More
Saigon Viendong 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 Viendong'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 Viendong Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 15.02 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 1.79 |
Saigon Viendong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saigon Viendong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saigon Viendong's standard deviation. In reality, there are many statistical measures that can use Saigon Viendong historical prices to predict the future Saigon Viendong's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 0.3876 |
Saigon Viendong Tech Backtested Returns
Saigon Viendong Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Saigon Viendong Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saigon Viendong's Variance of 5.51, coefficient of variation of (842.30), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Saigon Viendong are expected to decrease at a much lower rate. During the bear market, Saigon Viendong is likely to outperform the market. At this point, Saigon Viendong Tech has a negative expected return of -0.28%. Please make sure to validate Saigon Viendong's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Saigon Viendong Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Saigon Viendong Technology has below average predictability. Overlapping area represents the amount of predictability between Saigon Viendong time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Viendong Tech price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Saigon Viendong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 26.5 K |
Saigon Viendong Tech lagged returns against current returns
Autocorrelation, which is Saigon Viendong 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 Viendong's stock expected returns. We can calculate the autocorrelation of Saigon Viendong returns to help us make a trade decision. For example, suppose you find that Saigon Viendong 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 Viendong 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 Viendong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saigon Viendong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saigon Viendong stock over time.
Current vs Lagged Prices |
| Timeline |
Saigon Viendong Lagged Returns
When evaluating Saigon Viendong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saigon Viendong stock have on its future price. Saigon Viendong 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 Viendong autocorrelation shows the relationship between Saigon Viendong stock current value and its past values and can show if there is a momentum factor associated with investing in Saigon Viendong Technology.
Regressed Prices |
| Timeline |
Pair Trading with Saigon Viendong
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 Viendong 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 Viendong will appreciate offsetting losses from the drop in the long position's value.Moving against Saigon Stock
The ability to find closely correlated positions to Saigon Viendong 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 Viendong 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 Viendong - 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 Viendong Technology to buy it.
The correlation of Saigon Viendong 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 Viendong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saigon Viendong Tech 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 Viendong 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 Viendong 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 Viendong security.