Tien Giang (Vietnam) Market Value
| THG Stock | 43,700 100.00 0.23% |
| Symbol | Tien |
Tien Giang '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 Tien Giang'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 Tien Giang.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Tien Giang on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tien Giang Investment or generate 0.0% return on investment in Tien Giang over 180 days. Tien Giang is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Tien Giang 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 Tien Giang'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 Tien Giang Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6819 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.86 |
Tien Giang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tien Giang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tien Giang's standard deviation. In reality, there are many statistical measures that can use Tien Giang historical prices to predict the future Tien Giang's volatility.| Risk Adjusted Performance | 0.0829 | |||
| Jensen Alpha | 0.0843 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (1.20) |
Tien Giang Investment Backtested Returns
As of now, Tien Stock is very steady. Tien Giang Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0416, which indicates the firm had a 0.0416% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tien Giang Investment, which you can use to evaluate the volatility of the company. Please validate Tien Giang's Risk Adjusted Performance of 0.0829, coefficient of variation of 928.1, and Semi Deviation of 0.4913 to confirm if the risk estimate we provide is consistent with the expected return of 0.0322%. Tien Giang has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0639, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tien Giang are expected to decrease at a much lower rate. During the bear market, Tien Giang is likely to outperform the market. Tien Giang Investment right now has a risk of 0.77%. Please validate Tien Giang jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Tien Giang will be following its existing price patterns.
Auto-correlation | 0.30 |
Below average predictability
Tien Giang Investment has below average predictability. Overlapping area represents the amount of predictability between Tien Giang 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 Tien Giang Investment price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Tien Giang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 389.4 K |
Tien Giang Investment lagged returns against current returns
Autocorrelation, which is Tien Giang 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 Tien Giang's stock expected returns. We can calculate the autocorrelation of Tien Giang returns to help us make a trade decision. For example, suppose you find that Tien Giang 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 |
Tien Giang 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 Tien Giang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tien Giang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tien Giang stock over time.
Current vs Lagged Prices |
| Timeline |
Tien Giang Lagged Returns
When evaluating Tien Giang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tien Giang stock have on its future price. Tien Giang 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, Tien Giang autocorrelation shows the relationship between Tien Giang stock current value and its past values and can show if there is a momentum factor associated with investing in Tien Giang Investment.
Regressed Prices |
| Timeline |
Pair Trading with Tien Giang
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 Tien Giang 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 Tien Giang will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Tien Giang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tien Giang 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 Tien Giang - 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 Tien Giang Investment to buy it.
The correlation of Tien Giang 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 Tien Giang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tien Giang Investment 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 Tien Giang 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 Tien Stock
Tien Giang financial ratios help investors to determine whether Tien 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 Tien with respect to the benefits of owning Tien Giang security.