VN 30's market value is the price at which a share of VN 30 trades on a public exchange. It measures the collective expectations of VN 30 investors about its performance. VN 30 is listed for 1301.52 as of the 29th of November 2024. This is a 0.04% up since the beginning of the trading day. The index's open price was 1301.06. With this module, you can estimate the performance of a buy and hold strategy of VN 30 and determine expected loss or profit from investing in VN 30 over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
VNI30
VN 30 '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 VN 30's index 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 VN 30.
0.00
10/30/2024
No Change 0.00
0.0
In 30 days
11/29/2024
0.00
If you would invest 0.00 in VN 30 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding VN 30 or generate 0.0% return on investment in VN 30 over 30 days.
VN 30 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 VN 30's index 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 VN 30 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for VN 30's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VN 30's standard deviation. In reality, there are many statistical measures that can use VN 30 historical prices to predict the future VN 30's volatility.
VN 30 retains Efficiency (Sharpe Ratio) of -0.0263, which indicates the index had a -0.0263% return per unit of price deviation over the last 3 months. VN 30 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and VN 30 are completely uncorrelated.
Auto-correlation
-0.52
Good reverse predictability
VN 30 has good reverse predictability. Overlapping area represents the amount of predictability between VN 30 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 VN 30 price movement. The serial correlation of -0.52 indicates that about 52.0% of current VN 30 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.52
Spearman Rank Test
-0.69
Residual Average
0.0
Price Variance
192.73
VN 30 lagged returns against current returns
Autocorrelation, which is VN 30 index'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 VN 30's index expected returns. We can calculate the autocorrelation of VN 30 returns to help us make a trade decision. For example, suppose you find that VN 30 has exhibited high autocorrelation historically, and you observe that the index 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
VN 30 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 VN 30 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VN 30 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VN 30 index over time.
Current vs Lagged Prices
Timeline
VN 30 Lagged Returns
When evaluating VN 30's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VN 30 index have on its future price. VN 30 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, VN 30 autocorrelation shows the relationship between VN 30 index current value and its past values and can show if there is a momentum factor associated with investing in VN 30.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.