Visicons Construction (Vietnam) Market Value
| VC6 Stock | 19,300 300.00 1.58% |
| Symbol | Visicons |
Visicons Construction '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 Visicons Construction'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 Visicons Construction.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Visicons Construction on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Visicons Construction and or generate 0.0% return on investment in Visicons Construction over 30 days.
Visicons Construction 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 Visicons Construction'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 Visicons Construction and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.9 | |||
| Value At Risk | (9.78) | |||
| Potential Upside | 8.37 |
Visicons Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Visicons Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Visicons Construction's standard deviation. In reality, there are many statistical measures that can use Visicons Construction historical prices to predict the future Visicons Construction's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.2659 |
Visicons Construction and Backtested Returns
Visicons Construction and owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0833, which indicates the firm had a -0.0833% return per unit of risk over the last 3 months. Visicons Construction and exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Visicons Construction's Risk Adjusted Performance of (0.03), coefficient of variation of (2,160), and Variance of 28.76 to confirm the risk estimate we provide. The entity has a beta of -0.97, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Visicons Construction are expected to decrease slowly. On the other hand, during market turmoil, Visicons Construction is expected to outperform it slightly. At this point, Visicons Construction and has a negative expected return of -0.37%. Please make sure to validate Visicons Construction's rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if Visicons Construction and performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Visicons Construction and has very weak predictability. Overlapping area represents the amount of predictability between Visicons Construction time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Visicons Construction and price movement. The serial correlation of 0.17 indicates that over 17.0% of current Visicons Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 93.6 K |
Visicons Construction and lagged returns against current returns
Autocorrelation, which is Visicons Construction 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 Visicons Construction's stock expected returns. We can calculate the autocorrelation of Visicons Construction returns to help us make a trade decision. For example, suppose you find that Visicons Construction 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 |
Visicons Construction 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 Visicons Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Visicons Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Visicons Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Visicons Construction Lagged Returns
When evaluating Visicons Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Visicons Construction stock have on its future price. Visicons Construction 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, Visicons Construction autocorrelation shows the relationship between Visicons Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Visicons Construction and.
Regressed Prices |
| Timeline |
Pair Trading with Visicons Construction
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 Visicons Construction 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 Visicons Construction will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Visicons Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Visicons Construction 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 Visicons Construction - 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 Visicons Construction and to buy it.
The correlation of Visicons Construction 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 Visicons Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Visicons Construction 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 Visicons Construction 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.