Nam Viet (Vietnam) Market Value
| ANV Stock | 17,200 50.00 0.29% |
| Symbol | Nam |
Nam Viet '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 Nam Viet'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 Nam Viet.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Nam Viet on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Nam Viet Corp or generate 0.0% return on investment in Nam Viet over 90 days. Nam Viet is related to or competes with Petrolimex International, Industrial Urban, Hanoi Beer, Vien Dong, Vincom Retail, and TDG Global. More
Nam Viet 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 Nam Viet'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 Nam Viet Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.1 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 2.67 |
Nam Viet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nam Viet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nam Viet's standard deviation. In reality, there are many statistical measures that can use Nam Viet historical prices to predict the future Nam Viet's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | 0.051 | |||
| Treynor Ratio | 0.5397 |
Nam Viet Corp Backtested Returns
Nam Viet Corp has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18 % return per unit of risk over the last 3 months. Nam Viet exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nam Viet's Risk Adjusted Performance of (0.07), mean deviation of 1.39, and Standard Deviation of 1.81 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nam Viet are expected to decrease at a much lower rate. During the bear market, Nam Viet is likely to outperform the market. At this point, Nam Viet Corp has a negative expected return of -0.32%. Please make sure to verify Nam Viet's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Nam Viet Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Nam Viet Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Nam Viet time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nam Viet Corp price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Nam Viet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 95.2 K |
Nam Viet Corp lagged returns against current returns
Autocorrelation, which is Nam Viet 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 Nam Viet's stock expected returns. We can calculate the autocorrelation of Nam Viet returns to help us make a trade decision. For example, suppose you find that Nam Viet 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 |
Nam Viet 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 Nam Viet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nam Viet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nam Viet stock over time.
Current vs Lagged Prices |
| Timeline |
Nam Viet Lagged Returns
When evaluating Nam Viet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nam Viet stock have on its future price. Nam Viet 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, Nam Viet autocorrelation shows the relationship between Nam Viet stock current value and its past values and can show if there is a momentum factor associated with investing in Nam Viet Corp.
Regressed Prices |
| Timeline |
Pair Trading with Nam Viet
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 Nam Viet 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 Nam Viet will appreciate offsetting losses from the drop in the long position's value.Moving together with Nam Stock
Moving against Nam Stock
The ability to find closely correlated positions to Nam Viet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nam Viet 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 Nam Viet - 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 Nam Viet Corp to buy it.
The correlation of Nam Viet 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 Nam Viet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nam Viet Corp 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 Nam Viet 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 Nam Stock
Nam Viet financial ratios help investors to determine whether Nam 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 Nam with respect to the benefits of owning Nam Viet security.