Joint Stock (Vietnam) Market Value
| BID Stock | 37,550 700.00 1.83% |
| Symbol | Joint |
Please note, there is a significant difference between Joint Stock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Joint Stock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Joint Stock's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Joint Stock '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 Joint Stock'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 Joint Stock.
| 01/13/2023 |
| 01/02/2025 |
If you would invest 0.00 in Joint Stock on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Joint Stock Commercial or generate 0.0% return on investment in Joint Stock over 720 days. Joint Stock is related to or competes with FIT INVEST, Damsan JSC, An Phat, APG Securities, Binhthuan Agriculture, Mekong Fisheries, and Bentre Aquaproduct. More
Joint Stock 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 Joint Stock'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 Joint Stock Commercial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 18.61 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.41 |
Joint Stock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Joint Stock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Joint Stock's standard deviation. In reality, there are many statistical measures that can use Joint Stock historical prices to predict the future Joint Stock's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (2.11) |
Joint Stock Commercial Backtested Returns
Joint Stock Commercial holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Joint Stock Commercial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Joint Stock's Risk Adjusted Performance of (0.14), market risk adjusted performance of (2.10), and Standard Deviation of 2.24 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Joint Stock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Joint Stock is expected to be smaller as well. At this point, Joint Stock Commercial has a negative expected return of -0.39%. Please make sure to check out Joint Stock's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Joint Stock Commercial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Joint Stock Commercial has weak reverse predictability. Overlapping area represents the amount of predictability between Joint Stock time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 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 Joint Stock Commercial price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Joint Stock price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 9.5 M |
Joint Stock Commercial lagged returns against current returns
Autocorrelation, which is Joint Stock 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 Joint Stock's stock expected returns. We can calculate the autocorrelation of Joint Stock returns to help us make a trade decision. For example, suppose you find that Joint Stock 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 |
Joint Stock 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 Joint Stock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Joint Stock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Joint Stock stock over time.
Current vs Lagged Prices |
| Timeline |
Joint Stock Lagged Returns
When evaluating Joint Stock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Joint Stock stock have on its future price. Joint Stock 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, Joint Stock autocorrelation shows the relationship between Joint Stock stock current value and its past values and can show if there is a momentum factor associated with investing in Joint Stock Commercial.
Regressed Prices |
| Timeline |
Pair Trading with Joint Stock
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 Joint Stock 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 Joint Stock will appreciate offsetting losses from the drop in the long position's value.Moving together with Joint Stock
Moving against Joint Stock
The ability to find closely correlated positions to Joint Stock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Joint Stock 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 Joint Stock - 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 Joint Stock Commercial to buy it.
The correlation of Joint Stock 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 Joint Stock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Joint Stock Commercial 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 Joint Stock 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 Joint Stock
Joint Stock financial ratios help investors to determine whether Joint 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 Joint with respect to the benefits of owning Joint Stock security.