Thong Nhat (Vietnam) Performance
| TNC Stock | 32,500 1,200 3.56% |
The entity has a beta of -0.86, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Thong Nhat are expected to decrease slowly. On the other hand, during market turmoil, Thong Nhat is expected to outperform it slightly. At this point, Thong Nhat Rubber has a negative expected return of -0.21%. Please make sure to validate Thong Nhat's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Thong Nhat Rubber performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Thong Nhat Rubber has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's fundamental indicators remain very healthy which may send shares a bit higher in December 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Thong |
Thong Nhat Relative Risk vs. Return Landscape
If you would invest 3,650,000 in Thong Nhat Rubber on August 30, 2024 and sell it today you would lose (400,000) from holding Thong Nhat Rubber or give up 10.96% of portfolio value over 90 days. Thong Nhat Rubber is producing return of less than zero assuming 3.9778% volatility of returns over the 90 days investment horizon. Simply put, 35% of all stocks have less volatile historical return distribution than Thong Nhat, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Thong Nhat Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thong Nhat's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Thong Nhat Rubber, and traders can use it to determine the average amount a Thong Nhat's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0534
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| Negative Returns | TNC |
Estimated Market Risk
| 3.98 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Thong Nhat is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Thong Nhat by adding Thong Nhat to a well-diversified portfolio.
About Thong Nhat Performance
By examining Thong Nhat's fundamental ratios, stakeholders can obtain critical insights into Thong Nhat's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Thong Nhat is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Things to note about Thong Nhat Rubber performance evaluation
Checking the ongoing alerts about Thong Nhat for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Thong Nhat Rubber help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Thong Nhat Rubber generated a negative expected return over the last 90 days | |
| Thong Nhat Rubber has high historical volatility and very poor performance |
- Analyzing Thong Nhat's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Thong Nhat's stock is overvalued or undervalued compared to its peers.
- Examining Thong Nhat's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Thong Nhat's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Thong Nhat's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Thong Nhat's stock. These opinions can provide insight into Thong Nhat's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Thong Stock
Thong Nhat financial ratios help investors to determine whether Thong 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 Thong with respect to the benefits of owning Thong Nhat security.