Sao Mai (Vietnam) Market Value
| ASM Stock | 8,040 30.00 0.37% |
| Symbol | Sao |
Sao Mai '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 Sao Mai'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 Sao Mai.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Sao Mai on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Sao Mai Group or generate 0.0% return on investment in Sao Mai over 90 days. Sao Mai is related to or competes with TDT Investment, Development Investment, Mobile World, Hoang Huy, Travel Investment, Vien Dong, and Long Giang. More
Sao Mai 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 Sao Mai'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 Sao Mai Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 2.03 |
Sao Mai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sao Mai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sao Mai's standard deviation. In reality, there are many statistical measures that can use Sao Mai historical prices to predict the future Sao Mai's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.10) |
Sao Mai Group Backtested Returns
Sao Mai Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12 % return per unit of risk over the last 3 months. Sao Mai Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sao Mai's Coefficient Of Variation of (723.21), risk adjusted performance of (0.12), and Variance of 1.05 to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sao Mai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sao Mai is expected to be smaller as well. At this point, Sao Mai Group has a negative expected return of -0.12%. Please make sure to validate Sao Mai's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Sao Mai Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
Sao Mai Group has poor reverse predictability. Overlapping area represents the amount of predictability between Sao Mai 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 Sao Mai Group price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Sao Mai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 16.5 K |
Sao Mai Group lagged returns against current returns
Autocorrelation, which is Sao Mai 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 Sao Mai's stock expected returns. We can calculate the autocorrelation of Sao Mai returns to help us make a trade decision. For example, suppose you find that Sao Mai 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 |
Sao Mai 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 Sao Mai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sao Mai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sao Mai stock over time.
Current vs Lagged Prices |
| Timeline |
Sao Mai Lagged Returns
When evaluating Sao Mai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sao Mai stock have on its future price. Sao Mai 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, Sao Mai autocorrelation shows the relationship between Sao Mai stock current value and its past values and can show if there is a momentum factor associated with investing in Sao Mai Group.
Regressed Prices |
| Timeline |
Pair Trading with Sao Mai
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 Sao Mai 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 Sao Mai will appreciate offsetting losses from the drop in the long position's value.Moving together with Sao Stock
Moving against Sao Stock
The ability to find closely correlated positions to Sao Mai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sao Mai 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 Sao Mai - 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 Sao Mai Group to buy it.
The correlation of Sao Mai 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 Sao Mai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sao Mai Group 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 Sao Mai 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 Sao Stock
Sao Mai financial ratios help investors to determine whether Sao 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 Sao with respect to the benefits of owning Sao Mai security.