Vietnam Petroleum (Vietnam) Market Value
| VIP Stock | 13,850 50.00 0.36% |
| Symbol | Vietnam |
Vietnam Petroleum '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 Vietnam Petroleum'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 Vietnam Petroleum.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Vietnam Petroleum on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Vietnam Petroleum Transport or generate 0.0% return on investment in Vietnam Petroleum over 300 days. Vietnam Petroleum is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Vietnam Petroleum 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 Vietnam Petroleum'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 Vietnam Petroleum Transport upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.17 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.98 |
Vietnam Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam Petroleum's standard deviation. In reality, there are many statistical measures that can use Vietnam Petroleum historical prices to predict the future Vietnam Petroleum's volatility.| Risk Adjusted Performance | 0.0465 | |||
| Jensen Alpha | 0.0629 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.7605 |
Vietnam Petroleum Backtested Returns
As of now, Vietnam Stock is very steady. Vietnam Petroleum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0869, which indicates the firm had a 0.0869% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vietnam Petroleum Transport, which you can use to evaluate the volatility of the company. Please validate Vietnam Petroleum's Coefficient Of Variation of 1849.3, semi deviation of 1.06, and Risk Adjusted Performance of 0.0465 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Vietnam Petroleum has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.0983, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vietnam Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vietnam Petroleum is expected to be smaller as well. Vietnam Petroleum right now has a risk of 1.58%. Please validate Vietnam Petroleum total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Vietnam Petroleum will be following its existing price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Vietnam Petroleum Transport has insignificant reverse predictability. Overlapping area represents the amount of predictability between Vietnam Petroleum time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Vietnam Petroleum price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Vietnam Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 518.5 K |
Vietnam Petroleum lagged returns against current returns
Autocorrelation, which is Vietnam Petroleum 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 Vietnam Petroleum's stock expected returns. We can calculate the autocorrelation of Vietnam Petroleum returns to help us make a trade decision. For example, suppose you find that Vietnam Petroleum 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 |
Vietnam Petroleum 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 Vietnam Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam Petroleum Lagged Returns
When evaluating Vietnam Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam Petroleum stock have on its future price. Vietnam Petroleum 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, Vietnam Petroleum autocorrelation shows the relationship between Vietnam Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam Petroleum Transport.
Regressed Prices |
| Timeline |
Pair Trading with Vietnam Petroleum
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 Vietnam Petroleum 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 Vietnam Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving against Vietnam Stock
| 0.68 | AME | Alphanam ME | PairCorr |
| 0.62 | AAA | An Phat Plastic | PairCorr |
| 0.53 | ADS | Damsan JSC | PairCorr |
| 0.43 | APG | APG Securities Joint | PairCorr |
| 0.38 | ABS | Binhthuan Agriculture | PairCorr |
The ability to find closely correlated positions to Vietnam Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vietnam Petroleum 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 Vietnam Petroleum - 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 Vietnam Petroleum Transport to buy it.
The correlation of Vietnam Petroleum 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 Vietnam Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam Petroleum 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 Vietnam Petroleum 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 Vietnam Stock
Vietnam Petroleum financial ratios help investors to determine whether Vietnam 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 Vietnam with respect to the benefits of owning Vietnam Petroleum security.