Atesco Industrial (Vietnam) Market Value
| ATS Stock | 20,000 400.00 2.04% |
| Symbol | Atesco |
Atesco Industrial '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 Atesco Industrial'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 Atesco Industrial.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Atesco Industrial on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Atesco Industrial Cartering or generate 0.0% return on investment in Atesco Industrial over 30 days.
Atesco Industrial 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 Atesco Industrial'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 Atesco Industrial Cartering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.55 | |||
| Information Ratio | 0.0588 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 10.0 |
Atesco Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atesco Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atesco Industrial's standard deviation. In reality, there are many statistical measures that can use Atesco Industrial historical prices to predict the future Atesco Industrial's volatility.| Risk Adjusted Performance | 0.0509 | |||
| Jensen Alpha | 0.3481 | |||
| Total Risk Alpha | 0.5952 | |||
| Sortino Ratio | 0.0617 | |||
| Treynor Ratio | (0.27) |
Atesco Industrial Backtested Returns
Atesco Industrial is very steady given 3 months investment horizon. Atesco Industrial secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17 % return per unit of standard deviation over the last 3 months. We are able to interpolate and collect twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use Atesco Industrial risk adjusted performance of 0.0509, and Mean Deviation of 5.89 to evaluate company specific risk that cannot be diversified away. Atesco Industrial holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.43, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Atesco Industrial are expected to decrease by larger amounts. On the other hand, during market turmoil, Atesco Industrial is expected to outperform it. Use Atesco Industrial potential upside, day median price, and the relationship between the sortino ratio and skewness , to analyze future returns on Atesco Industrial.
Auto-correlation | 0.58 |
Modest predictability
Atesco Industrial Cartering has modest predictability. Overlapping area represents the amount of predictability between Atesco Industrial time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Atesco Industrial price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Atesco Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 4.4 M |
Atesco Industrial lagged returns against current returns
Autocorrelation, which is Atesco Industrial 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 Atesco Industrial's stock expected returns. We can calculate the autocorrelation of Atesco Industrial returns to help us make a trade decision. For example, suppose you find that Atesco Industrial 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 |
Atesco Industrial 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 Atesco Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atesco Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atesco Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Atesco Industrial Lagged Returns
When evaluating Atesco Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atesco Industrial stock have on its future price. Atesco Industrial 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, Atesco Industrial autocorrelation shows the relationship between Atesco Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Atesco Industrial Cartering.
Regressed Prices |
| Timeline |
Pair Trading with Atesco Industrial
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 Atesco Industrial 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 Atesco Industrial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Atesco Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atesco Industrial 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 Atesco Industrial - 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 Atesco Industrial Cartering to buy it.
The correlation of Atesco Industrial 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 Atesco Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atesco Industrial 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 Atesco Industrial 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.