1369 Construction (Vietnam) Market Value
| C69 Stock | 6,300 100.00 1.56% |
| Symbol | 1369 |
1369 Construction '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 1369 Construction'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 1369 Construction.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in 1369 Construction on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding 1369 Construction JSC or generate 0.0% return on investment in 1369 Construction over 30 days. 1369 Construction is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
1369 Construction 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 1369 Construction'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 1369 Construction JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.12 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 2.74 |
1369 Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1369 Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1369 Construction's standard deviation. In reality, there are many statistical measures that can use 1369 Construction historical prices to predict the future 1369 Construction's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (3.01) |
1369 Construction JSC Backtested Returns
1369 Construction JSC retains Efficiency (Sharpe Ratio) of -0.23, which signifies that the company had a -0.23% return per unit of price deviation over the last 3 months. 1369 Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 1369 Construction's Information Ratio of (0.20), market risk adjusted performance of (3.00), and Variance of 3.06 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 1369 Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1369 Construction is expected to be smaller as well. At this point, 1369 Construction JSC has a negative expected return of -0.4%. Please make sure to confirm 1369 Construction's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if 1369 Construction JSC performance from the past will be repeated sooner or later.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
1369 Construction JSC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 1369 Construction time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 1369 Construction JSC price movement. The serial correlation of -0.73 indicates that around 73.0% of current 1369 Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 5950.41 |
1369 Construction JSC lagged returns against current returns
Autocorrelation, which is 1369 Construction 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 1369 Construction's stock expected returns. We can calculate the autocorrelation of 1369 Construction returns to help us make a trade decision. For example, suppose you find that 1369 Construction 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 |
1369 Construction 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 1369 Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1369 Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1369 Construction stock over time.
Current vs Lagged Prices |
| Timeline |
1369 Construction Lagged Returns
When evaluating 1369 Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1369 Construction stock have on its future price. 1369 Construction 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, 1369 Construction autocorrelation shows the relationship between 1369 Construction stock current value and its past values and can show if there is a momentum factor associated with investing in 1369 Construction JSC.
Regressed Prices |
| Timeline |
Pair Trading with 1369 Construction
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 1369 Construction 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 1369 Construction will appreciate offsetting losses from the drop in the long position's value.Moving together with 1369 Stock
| 0.68 | FIT | FIT INVEST JSC | PairCorr |
| 0.89 | ADS | Damsan JSC | PairCorr |
| 0.9 | AAA | An Phat Plastic | PairCorr |
| 0.9 | AME | Alphanam ME | PairCorr |
| 0.77 | APG | APG Securities Joint | PairCorr |
The ability to find closely correlated positions to 1369 Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 1369 Construction 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 1369 Construction - 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 1369 Construction JSC to buy it.
The correlation of 1369 Construction 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 1369 Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 1369 Construction JSC 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 1369 Construction 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 1369 Stock
1369 Construction financial ratios help investors to determine whether 1369 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 1369 with respect to the benefits of owning 1369 Construction security.