Kien Giang (Vietnam) Market Value
| CKG Stock | 19,800 150.00 0.75% |
| Symbol | Kien |
Kien Giang '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 Kien Giang'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 Kien Giang.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Kien Giang on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Kien Giang Construction or generate 0.0% return on investment in Kien Giang over 90 days. Kien Giang is related to or competes with Pha Lai, Post, Saigon Telecommunicatio, POT, and FPT Digital. More
Kien Giang 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 Kien Giang'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 Kien Giang Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.75 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 2.25 |
Kien Giang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kien Giang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kien Giang's standard deviation. In reality, there are many statistical measures that can use Kien Giang historical prices to predict the future Kien Giang's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | 0.0163 | |||
| Treynor Ratio | 0.4358 |
Kien Giang Construction Backtested Returns
Kien Giang Construction has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1 % return per unit of risk over the last 3 months. Kien Giang exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kien Giang's Mean Deviation of 1.17, risk adjusted performance of (0.09), and Standard Deviation of 1.88 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kien Giang are expected to decrease at a much lower rate. During the bear market, Kien Giang is likely to outperform the market. At this point, Kien Giang Construction has a negative expected return of -0.2%. Please make sure to verify Kien Giang's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Kien Giang Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Kien Giang Construction has poor predictability. Overlapping area represents the amount of predictability between Kien Giang time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Kien Giang Construction price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Kien Giang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 445.4 K |
Kien Giang Construction lagged returns against current returns
Autocorrelation, which is Kien Giang 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 Kien Giang's stock expected returns. We can calculate the autocorrelation of Kien Giang returns to help us make a trade decision. For example, suppose you find that Kien Giang 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 |
Kien Giang 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 Kien Giang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kien Giang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kien Giang stock over time.
Current vs Lagged Prices |
| Timeline |
Kien Giang Lagged Returns
When evaluating Kien Giang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kien Giang stock have on its future price. Kien Giang 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, Kien Giang autocorrelation shows the relationship between Kien Giang stock current value and its past values and can show if there is a momentum factor associated with investing in Kien Giang Construction.
Regressed Prices |
| Timeline |
Pair Trading with Kien Giang
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 Kien Giang 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 Kien Giang will appreciate offsetting losses from the drop in the long position's value.Moving together with Kien Stock
Moving against Kien Stock
The ability to find closely correlated positions to Kien Giang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kien Giang 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 Kien Giang - 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 Kien Giang Construction to buy it.
The correlation of Kien Giang 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 Kien Giang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kien Giang Construction 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 Kien Giang 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 Kien Stock
Kien Giang financial ratios help investors to determine whether Kien 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 Kien with respect to the benefits of owning Kien Giang security.