VNDIRECT Securities (Vietnam) Market Value
| VND Stock | 13,900 100.00 0.72% |
| Symbol | VNDIRECT |
Please note, there is a significant difference between VNDIRECT Securities' value and its price as these two are different measures arrived at by different means. Investors typically determine if VNDIRECT Securities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VNDIRECT Securities' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
VNDIRECT Securities '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 VNDIRECT Securities' 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 VNDIRECT Securities.
| 07/28/2024 |
| 11/25/2024 |
If you would invest 0.00 in VNDIRECT Securities on July 28, 2024 and sell it all today you would earn a total of 0.00 from holding VNDIRECT Securities Corp or generate 0.0% return on investment in VNDIRECT Securities over 120 days. VNDIRECT Securities is related to or competes with Danang Education, FPT Digital, IDJ FINANCIAL, Bao Ngoc, Vu Dang, and HUD1 Investment. More
VNDIRECT Securities 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 VNDIRECT Securities' 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 VNDIRECT Securities Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.63 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.36 |
VNDIRECT Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VNDIRECT Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VNDIRECT Securities' standard deviation. In reality, there are many statistical measures that can use VNDIRECT Securities historical prices to predict the future VNDIRECT Securities' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.76) |
VNDIRECT Securities Corp Backtested Returns
VNDIRECT Securities Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0819, which indicates the firm had a -0.0819% return per unit of volatility over the last 3 months. VNDIRECT Securities Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VNDIRECT Securities' variance of 1.68, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VNDIRECT Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding VNDIRECT Securities is expected to be smaller as well. At this point, VNDIRECT Securities Corp has a negative expected return of -0.11%. Please make sure to validate VNDIRECT Securities' skewness, and the relationship between the treynor ratio and rate of daily change , to decide if VNDIRECT Securities Corp performance from the past will be repeated at future time.
Auto-correlation | -0.28 |
Weak reverse predictability
VNDIRECT Securities Corp has weak reverse predictability. Overlapping area represents the amount of predictability between VNDIRECT Securities time series from 28th of July 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 VNDIRECT Securities Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current VNDIRECT Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 200.4 K |
VNDIRECT Securities Corp lagged returns against current returns
Autocorrelation, which is VNDIRECT Securities 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 VNDIRECT Securities' stock expected returns. We can calculate the autocorrelation of VNDIRECT Securities returns to help us make a trade decision. For example, suppose you find that VNDIRECT Securities 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 |
VNDIRECT Securities 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 VNDIRECT Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VNDIRECT Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VNDIRECT Securities stock over time.
Current vs Lagged Prices |
| Timeline |
VNDIRECT Securities Lagged Returns
When evaluating VNDIRECT Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VNDIRECT Securities stock have on its future price. VNDIRECT Securities 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, VNDIRECT Securities autocorrelation shows the relationship between VNDIRECT Securities stock current value and its past values and can show if there is a momentum factor associated with investing in VNDIRECT Securities Corp.
Regressed Prices |
| Timeline |
Pair Trading with VNDIRECT Securities
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 VNDIRECT Securities 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 VNDIRECT Securities will appreciate offsetting losses from the drop in the long position's value.Moving together with VNDIRECT Stock
The ability to find closely correlated positions to VNDIRECT Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VNDIRECT Securities 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 VNDIRECT Securities - 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 VNDIRECT Securities Corp to buy it.
The correlation of VNDIRECT Securities 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 VNDIRECT Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VNDIRECT Securities 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 VNDIRECT Securities 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 VNDIRECT Stock
VNDIRECT Securities financial ratios help investors to determine whether VNDIRECT 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 VNDIRECT with respect to the benefits of owning VNDIRECT Securities security.