Truong Thanh (Vietnam) Market Value
| TTF Stock | 3,030 10.00 0.33% |
| Symbol | Truong |
Truong Thanh '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 Truong Thanh'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 Truong Thanh.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Truong Thanh on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Truong Thanh Furniture or generate 0.0% return on investment in Truong Thanh over 690 days. Truong Thanh is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Truong Thanh 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 Truong Thanh'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 Truong Thanh Furniture upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 10.58 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 1.99 |
Truong Thanh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Truong Thanh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Truong Thanh's standard deviation. In reality, there are many statistical measures that can use Truong Thanh historical prices to predict the future Truong Thanh's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (31.74) |
Truong Thanh Furniture Backtested Returns
Truong Thanh Furniture owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Truong Thanh Furniture exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Truong Thanh's Coefficient Of Variation of (528.24), variance of 2.37, and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The entity has a beta of 0.0095, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Truong Thanh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Truong Thanh is expected to be smaller as well. At this point, Truong Thanh Furniture has a negative expected return of -0.26%. Please make sure to validate Truong Thanh's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Truong Thanh Furniture performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Truong Thanh Furniture has virtually no predictability. Overlapping area represents the amount of predictability between Truong Thanh time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Truong Thanh Furniture price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Truong Thanh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 265.7 K |
Truong Thanh Furniture lagged returns against current returns
Autocorrelation, which is Truong Thanh 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 Truong Thanh's stock expected returns. We can calculate the autocorrelation of Truong Thanh returns to help us make a trade decision. For example, suppose you find that Truong Thanh 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 |
Truong Thanh 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 Truong Thanh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Truong Thanh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Truong Thanh stock over time.
Current vs Lagged Prices |
| Timeline |
Truong Thanh Lagged Returns
When evaluating Truong Thanh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Truong Thanh stock have on its future price. Truong Thanh 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, Truong Thanh autocorrelation shows the relationship between Truong Thanh stock current value and its past values and can show if there is a momentum factor associated with investing in Truong Thanh Furniture.
Regressed Prices |
| Timeline |
Pair Trading with Truong Thanh
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 Truong Thanh 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 Truong Thanh will appreciate offsetting losses from the drop in the long position's value.Moving together with Truong Stock
| 0.65 | ADS | Damsan JSC | PairCorr |
| 0.81 | AAA | An Phat Plastic | PairCorr |
| 0.87 | AME | Alphanam ME | PairCorr |
| 0.77 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Truong Thanh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Truong Thanh 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 Truong Thanh - 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 Truong Thanh Furniture to buy it.
The correlation of Truong Thanh 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 Truong Thanh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Truong Thanh Furniture 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 Truong Thanh 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 Truong Stock
Truong Thanh financial ratios help investors to determine whether Truong 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 Truong with respect to the benefits of owning Truong Thanh security.