Vincom Retail (Vietnam) Market Value
| VRE Stock | 18,300 50.00 0.27% |
| Symbol | Vincom |
Vincom Retail '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 Vincom Retail'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 Vincom Retail.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Vincom Retail on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Vincom Retail JSC or generate 0.0% return on investment in Vincom Retail over 30 days. Vincom Retail is related to or competes with Tien Giang, Duong Hieu, Ben Thanh, LDG Investment, Vietnam Rubber, Petrolimex International, and Dinhvu Port. More
Vincom Retail 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 Vincom Retail'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 Vincom Retail JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.03 |
Vincom Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vincom Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vincom Retail's standard deviation. In reality, there are many statistical measures that can use Vincom Retail historical prices to predict the future Vincom Retail's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.35) |
Vincom Retail JSC Backtested Returns
Vincom Retail JSC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0513, which indicates the firm had a -0.0513% return per unit of risk over the last 3 months. Vincom Retail JSC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vincom Retail's Risk Adjusted Performance of (0.05), variance of 2.06, and Coefficient Of Variation of (1,358) to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vincom Retail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vincom Retail is expected to be smaller as well. At this point, Vincom Retail JSC has a negative expected return of -0.0719%. Please make sure to validate Vincom Retail's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Vincom Retail JSC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Vincom Retail JSC has below average predictability. Overlapping area represents the amount of predictability between Vincom Retail time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Vincom Retail JSC price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Vincom Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 15.7 K |
Vincom Retail JSC lagged returns against current returns
Autocorrelation, which is Vincom Retail 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 Vincom Retail's stock expected returns. We can calculate the autocorrelation of Vincom Retail returns to help us make a trade decision. For example, suppose you find that Vincom Retail 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 |
Vincom Retail 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 Vincom Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vincom Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vincom Retail stock over time.
Current vs Lagged Prices |
| Timeline |
Vincom Retail Lagged Returns
When evaluating Vincom Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vincom Retail stock have on its future price. Vincom Retail 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, Vincom Retail autocorrelation shows the relationship between Vincom Retail stock current value and its past values and can show if there is a momentum factor associated with investing in Vincom Retail JSC.
Regressed Prices |
| Timeline |
Pair Trading with Vincom Retail
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 Vincom Retail 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 Vincom Retail will appreciate offsetting losses from the drop in the long position's value.Moving together with Vincom Stock
| 0.82 | ADS | Damsan JSC | PairCorr |
| 0.89 | AAA | An Phat Plastic | PairCorr |
| 0.82 | AME | Alphanam ME | PairCorr |
| 0.77 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to Vincom Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vincom Retail 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 Vincom Retail - 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 Vincom Retail JSC to buy it.
The correlation of Vincom Retail 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 Vincom Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vincom Retail JSC 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 Vincom Retail 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 Vincom Stock
Vincom Retail financial ratios help investors to determine whether Vincom 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 Vincom with respect to the benefits of owning Vincom Retail security.