Tng Investment (Vietnam) Market Value
| TNG Stock | 24,300 600.00 2.41% |
| Symbol | Tng |
Tng Investment '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 Tng Investment'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 Tng Investment.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Tng Investment on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Tng Investment And or generate 0.0% return on investment in Tng Investment over 570 days. Tng Investment is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Tng Investment 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 Tng Investment'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 Tng Investment And upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.96 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.34 |
Tng Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tng Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tng Investment's standard deviation. In reality, there are many statistical measures that can use Tng Investment historical prices to predict the future Tng Investment's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.73) |
Tng Investment And Backtested Returns
Tng Investment And owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Tng Investment And exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tng Investment's Risk Adjusted Performance of (0.09), coefficient of variation of (815.82), and Variance of 2.39 to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tng Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tng Investment is expected to be smaller as well. At this point, Tng Investment And has a negative expected return of -0.17%. Please make sure to validate Tng Investment's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Tng Investment And performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Tng Investment And has poor predictability. Overlapping area represents the amount of predictability between Tng Investment time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Tng Investment And price movement. The serial correlation of 0.25 indicates that over 25.0% of current Tng Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 7.2 M |
Tng Investment And lagged returns against current returns
Autocorrelation, which is Tng Investment 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 Tng Investment's stock expected returns. We can calculate the autocorrelation of Tng Investment returns to help us make a trade decision. For example, suppose you find that Tng Investment 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 |
Tng Investment 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 Tng Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tng Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tng Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Tng Investment Lagged Returns
When evaluating Tng Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tng Investment stock have on its future price. Tng Investment 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, Tng Investment autocorrelation shows the relationship between Tng Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Tng Investment And.
Regressed Prices |
| Timeline |
Pair Trading with Tng Investment
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 Tng Investment 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 Tng Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Tng Stock
The ability to find closely correlated positions to Tng Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tng Investment 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 Tng Investment - 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 Tng Investment And to buy it.
The correlation of Tng Investment 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 Tng Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tng Investment And 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 Tng Investment 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 Tng Stock
Tng Investment financial ratios help investors to determine whether Tng 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 Tng with respect to the benefits of owning Tng Investment security.