Techno Agricultural (Vietnam) Market Value
| TSC Stock | 2,460 10.00 0.40% |
| Symbol | Techno |
Techno Agricultural '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 Techno Agricultural'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 Techno Agricultural.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Techno Agricultural on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Techno Agricultural Supplying or generate 0.0% return on investment in Techno Agricultural over 510 days. Techno Agricultural is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Techno Agricultural 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 Techno Agricultural'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 Techno Agricultural Supplying upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.17 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 1.7 |
Techno Agricultural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techno Agricultural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techno Agricultural's standard deviation. In reality, there are many statistical measures that can use Techno Agricultural historical prices to predict the future Techno Agricultural's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (8.74) |
Techno Agricultural Backtested Returns
Techno Agricultural owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.095, which indicates the firm had a -0.095% return per unit of risk over the last 3 months. Techno Agricultural Supplying exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Techno Agricultural's Variance of 2.43, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,110) to confirm the risk estimate we provide. The entity has a beta of 0.0172, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Techno Agricultural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Techno Agricultural is expected to be smaller as well. At this point, Techno Agricultural has a negative expected return of -0.15%. Please make sure to validate Techno Agricultural's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Techno Agricultural performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Techno Agricultural Supplying has modest predictability. Overlapping area represents the amount of predictability between Techno Agricultural time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Techno Agricultural price movement. The serial correlation of 0.51 indicates that about 51.0% of current Techno Agricultural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 89.9 K |
Techno Agricultural lagged returns against current returns
Autocorrelation, which is Techno Agricultural 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 Techno Agricultural's stock expected returns. We can calculate the autocorrelation of Techno Agricultural returns to help us make a trade decision. For example, suppose you find that Techno Agricultural 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 |
Techno Agricultural 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 Techno Agricultural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techno Agricultural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techno Agricultural stock over time.
Current vs Lagged Prices |
| Timeline |
Techno Agricultural Lagged Returns
When evaluating Techno Agricultural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techno Agricultural stock have on its future price. Techno Agricultural 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, Techno Agricultural autocorrelation shows the relationship between Techno Agricultural stock current value and its past values and can show if there is a momentum factor associated with investing in Techno Agricultural Supplying.
Regressed Prices |
| Timeline |
Pair Trading with Techno Agricultural
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 Techno Agricultural 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 Techno Agricultural will appreciate offsetting losses from the drop in the long position's value.Moving together with Techno Stock
The ability to find closely correlated positions to Techno Agricultural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Techno Agricultural 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 Techno Agricultural - 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 Techno Agricultural Supplying to buy it.
The correlation of Techno Agricultural 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 Techno Agricultural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Techno 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 Techno Agricultural 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 Techno Stock
Techno Agricultural financial ratios help investors to determine whether Techno 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 Techno with respect to the benefits of owning Techno Agricultural security.