VTC Telecommunicatio (Vietnam) Market Value
| VTC Stock | 8,400 100.00 1.20% |
| Symbol | VTC |
VTC Telecommunicatio '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 VTC Telecommunicatio'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 VTC Telecommunicatio.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in VTC Telecommunicatio on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding VTC Telecommunications JSC or generate 0.0% return on investment in VTC Telecommunicatio over 30 days.
VTC Telecommunicatio 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 VTC Telecommunicatio'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 VTC Telecommunications JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.73 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.71 |
VTC Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VTC Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VTC Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use VTC Telecommunicatio historical prices to predict the future VTC Telecommunicatio's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.0205 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.762 |
VTC Telecommunications Backtested Returns
VTC Telecommunications retains Efficiency (Sharpe Ratio) of -0.0239, which indicates the firm had a -0.0239% return per unit of volatility over the last 3 months. VTC Telecommunicatio exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VTC Telecommunicatio's downside deviation of 3.14, and Risk Adjusted Performance of 0.0171 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.0319, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VTC Telecommunicatio's returns are expected to increase less than the market. However, during the bear market, the loss of holding VTC Telecommunicatio is expected to be smaller as well. At this point, VTC Telecommunications has a negative expected return of -0.0641%. Please make sure to validate VTC Telecommunicatio's jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to decide if VTC Telecommunications performance from the past will be repeated at future time.
Auto-correlation | -0.4 |
Poor reverse predictability
VTC Telecommunications JSC has poor reverse predictability. Overlapping area represents the amount of predictability between VTC Telecommunicatio 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 VTC Telecommunications price movement. The serial correlation of -0.4 indicates that just about 40.0% of current VTC Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 66.7 K |
VTC Telecommunications lagged returns against current returns
Autocorrelation, which is VTC Telecommunicatio 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 VTC Telecommunicatio's stock expected returns. We can calculate the autocorrelation of VTC Telecommunicatio returns to help us make a trade decision. For example, suppose you find that VTC Telecommunicatio 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 |
VTC Telecommunicatio 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 VTC Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VTC Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VTC Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
VTC Telecommunicatio Lagged Returns
When evaluating VTC Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VTC Telecommunicatio stock have on its future price. VTC Telecommunicatio 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, VTC Telecommunicatio autocorrelation shows the relationship between VTC Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in VTC Telecommunications JSC.
Regressed Prices |
| Timeline |
Pair Trading with VTC Telecommunicatio
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 VTC Telecommunicatio 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 VTC Telecommunicatio will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to VTC Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VTC Telecommunicatio 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 VTC Telecommunicatio - 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 VTC Telecommunications JSC to buy it.
The correlation of VTC Telecommunicatio 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 VTC Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VTC Telecommunications 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 VTC Telecommunicatio 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.