Viet Thang (Vietnam) Market Value
| TVT Stock | 15,800 150.00 0.94% |
| Symbol | Viet |
Viet Thang '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 Viet Thang'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 Viet Thang.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Viet Thang on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Viet Thang Corp or generate 0.0% return on investment in Viet Thang over 30 days.
Viet Thang 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 Viet Thang'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 Viet Thang Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.67 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.6 |
Viet Thang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viet Thang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viet Thang's standard deviation. In reality, there are many statistical measures that can use Viet Thang historical prices to predict the future Viet Thang's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.63) |
Viet Thang Corp Backtested Returns
Viet Thang Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0457, which indicates the firm had a -0.0457% return per unit of risk over the last 3 months. Viet Thang Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Viet Thang's Risk Adjusted Performance of (0.04), coefficient of variation of (1,895), and Variance of 0.9723 to confirm the risk estimate we provide. The entity has a beta of 0.0977, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Viet Thang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Viet Thang is expected to be smaller as well. At this point, Viet Thang Corp has a negative expected return of -0.0441%. Please make sure to validate Viet Thang's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Viet Thang Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Viet Thang Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Viet Thang time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Viet Thang Corp price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Viet Thang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 20.2 K |
Viet Thang Corp lagged returns against current returns
Autocorrelation, which is Viet Thang 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 Viet Thang's stock expected returns. We can calculate the autocorrelation of Viet Thang returns to help us make a trade decision. For example, suppose you find that Viet Thang 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 |
Viet Thang 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 Viet Thang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viet Thang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viet Thang stock over time.
Current vs Lagged Prices |
| Timeline |
Viet Thang Lagged Returns
When evaluating Viet Thang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viet Thang stock have on its future price. Viet Thang 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, Viet Thang autocorrelation shows the relationship between Viet Thang stock current value and its past values and can show if there is a momentum factor associated with investing in Viet Thang Corp.
Regressed Prices |
| Timeline |
Pair Trading with Viet Thang
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 Viet Thang 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 Viet Thang will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Viet Thang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Viet Thang 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 Viet Thang - 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 Viet Thang Corp to buy it.
The correlation of Viet Thang 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 Viet Thang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viet Thang Corp 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 Viet Thang 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.