Vien Dong (Vietnam) Market Value
| VID Stock | 5,160 40.00 0.78% |
| Symbol | Vien |
Vien Dong '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 Vien Dong'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 Vien Dong.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Vien Dong on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Vien Dong Investment or generate 0.0% return on investment in Vien Dong over 510 days. Vien Dong is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Vien Dong 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 Vien Dong'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 Vien Dong Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.41 |
Vien Dong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vien Dong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vien Dong's standard deviation. In reality, there are many statistical measures that can use Vien Dong historical prices to predict the future Vien Dong's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.1999 |
Vien Dong Investment Backtested Returns
Vien Dong Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0722, which indicates the firm had a -0.0722% return per unit of risk over the last 3 months. Vien Dong Investment exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vien Dong's Coefficient Of Variation of (1,475), variance of 2.06, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Vien Dong are expected to decrease at a much lower rate. During the bear market, Vien Dong is likely to outperform the market. At this point, Vien Dong Investment has a negative expected return of -0.0944%. Please make sure to validate Vien Dong's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Vien Dong Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Vien Dong Investment has good reverse predictability. Overlapping area represents the amount of predictability between Vien Dong 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 Vien Dong Investment price movement. The serial correlation of -0.52 indicates that about 52.0% of current Vien Dong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 47 K |
Vien Dong Investment lagged returns against current returns
Autocorrelation, which is Vien Dong 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 Vien Dong's stock expected returns. We can calculate the autocorrelation of Vien Dong returns to help us make a trade decision. For example, suppose you find that Vien Dong 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 |
Vien Dong 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 Vien Dong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vien Dong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vien Dong stock over time.
Current vs Lagged Prices |
| Timeline |
Vien Dong Lagged Returns
When evaluating Vien Dong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vien Dong stock have on its future price. Vien Dong 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, Vien Dong autocorrelation shows the relationship between Vien Dong stock current value and its past values and can show if there is a momentum factor associated with investing in Vien Dong Investment.
Regressed Prices |
| Timeline |
Pair Trading with Vien Dong
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 Vien Dong 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 Vien Dong will appreciate offsetting losses from the drop in the long position's value.Moving together with Vien Stock
Moving against Vien Stock
The ability to find closely correlated positions to Vien Dong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vien Dong 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 Vien Dong - 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 Vien Dong Investment to buy it.
The correlation of Vien Dong 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 Vien Dong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vien Dong Investment 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 Vien Dong 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 Vien Stock
Vien Dong financial ratios help investors to determine whether Vien 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 Vien with respect to the benefits of owning Vien Dong security.