Vietnam Ocean (Vietnam) Market Value
| VOS Stock | 14,800 300.00 1.99% |
| Symbol | Vietnam |
Vietnam Ocean '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 Ocean'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 Ocean.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Vietnam Ocean on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Vietnam Ocean Shipping or generate 0.0% return on investment in Vietnam Ocean over 30 days.
Vietnam Ocean 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 Ocean'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 Ocean Shipping upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 2.94 |
Vietnam Ocean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vietnam Ocean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vietnam Ocean's standard deviation. In reality, there are many statistical measures that can use Vietnam Ocean historical prices to predict the future Vietnam Ocean's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.27) |
Vietnam Ocean Shipping Backtested Returns
Vietnam Ocean Shipping owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0752, which indicates the firm had a -0.0752% return per unit of risk over the last 3 months. Vietnam Ocean Shipping exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vietnam Ocean's Variance of 5.64, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,216) to confirm the risk estimate we provide. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vietnam Ocean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vietnam Ocean is expected to be smaller as well. At this point, Vietnam Ocean Shipping has a negative expected return of -0.18%. Please make sure to validate Vietnam Ocean's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Vietnam Ocean Shipping performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Vietnam Ocean Shipping has good reverse predictability. Overlapping area represents the amount of predictability between Vietnam Ocean time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Vietnam Ocean Shipping price movement. The serial correlation of -0.55 indicates that about 55.0% of current Vietnam Ocean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 593.4 K |
Vietnam Ocean Shipping lagged returns against current returns
Autocorrelation, which is Vietnam Ocean 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 Ocean's stock expected returns. We can calculate the autocorrelation of Vietnam Ocean returns to help us make a trade decision. For example, suppose you find that Vietnam Ocean 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 Ocean 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 Ocean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vietnam Ocean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vietnam Ocean stock over time.
Current vs Lagged Prices |
| Timeline |
Vietnam Ocean Lagged Returns
When evaluating Vietnam Ocean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vietnam Ocean stock have on its future price. Vietnam Ocean 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 Ocean autocorrelation shows the relationship between Vietnam Ocean stock current value and its past values and can show if there is a momentum factor associated with investing in Vietnam Ocean Shipping.
Regressed Prices |
| Timeline |
Pair Trading with Vietnam Ocean
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 Ocean 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 Ocean will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Vietnam Ocean 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 Ocean 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 Ocean - 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 Ocean Shipping to buy it.
The correlation of Vietnam Ocean 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 Ocean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam Ocean Shipping 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 Ocean 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.