Binh Minh (Vietnam) Market Value
| BMP Stock | 135,000 2,000 1.46% |
| Symbol | Binh |
Binh Minh '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 Binh Minh'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 Binh Minh.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Binh Minh on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Binh Minh Plastics or generate 0.0% return on investment in Binh Minh over 720 days. Binh Minh is related to or competes with Post, Military Insurance, Din Capital, HUD1 Investment, Tien Giang, and BaoMinh Insurance. More
Binh Minh 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 Binh Minh'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 Binh Minh Plastics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.1092 | |||
| Maximum Drawdown | 14.46 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 3.41 |
Binh Minh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Binh Minh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Binh Minh's standard deviation. In reality, there are many statistical measures that can use Binh Minh historical prices to predict the future Binh Minh's volatility.| Risk Adjusted Performance | 0.1032 | |||
| Jensen Alpha | 0.2591 | |||
| Total Risk Alpha | 0.2132 | |||
| Sortino Ratio | 0.1359 | |||
| Treynor Ratio | 1.38 |
Binh Minh Plastics Backtested Returns
Binh Minh appears to be very steady, given 3 months investment horizon. Binh Minh Plastics secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Binh Minh Plastics, which you can use to evaluate the volatility of the firm. Please makes use of Binh Minh's Risk Adjusted Performance of 0.1032, downside deviation of 1.8, and Mean Deviation of 1.66 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Binh Minh holds a performance score of 8. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Binh Minh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Binh Minh is expected to be smaller as well. Please check Binh Minh's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Binh Minh's price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Binh Minh Plastics has good predictability. Overlapping area represents the amount of predictability between Binh Minh time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 Binh Minh Plastics price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Binh Minh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 207.2 M |
Binh Minh Plastics lagged returns against current returns
Autocorrelation, which is Binh Minh 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 Binh Minh's stock expected returns. We can calculate the autocorrelation of Binh Minh returns to help us make a trade decision. For example, suppose you find that Binh Minh 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 |
Binh Minh 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 Binh Minh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Binh Minh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Binh Minh stock over time.
Current vs Lagged Prices |
| Timeline |
Binh Minh Lagged Returns
When evaluating Binh Minh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Binh Minh stock have on its future price. Binh Minh 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, Binh Minh autocorrelation shows the relationship between Binh Minh stock current value and its past values and can show if there is a momentum factor associated with investing in Binh Minh Plastics.
Regressed Prices |
| Timeline |
Pair Trading with Binh Minh
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 Binh Minh 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 Binh Minh will appreciate offsetting losses from the drop in the long position's value.Moving against Binh Stock
| 0.54 | APG | APG Securities Joint | PairCorr |
| 0.44 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.37 | AME | Alphanam ME | PairCorr |
| 0.32 | ADS | Damsan JSC | PairCorr |
The ability to find closely correlated positions to Binh Minh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Binh Minh 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 Binh Minh - 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 Binh Minh Plastics to buy it.
The correlation of Binh Minh 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 Binh Minh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Binh Minh Plastics 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 Binh Minh 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 Binh Stock
Binh Minh financial ratios help investors to determine whether Binh 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 Binh with respect to the benefits of owning Binh Minh security.