Materials Petroleum (Vietnam) Market Value
| COM Stock | 30,700 150.00 0.49% |
| Symbol | Materials |
Materials Petroleum '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 Materials Petroleum'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 Materials Petroleum.
| 02/08/2025 |
| 03/10/2025 |
If you would invest 0.00 in Materials Petroleum on February 8, 2025 and sell it all today you would earn a total of 0.00 from holding Materials Petroleum JSC or generate 0.0% return on investment in Materials Petroleum over 30 days. Materials Petroleum is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Materials Petroleum 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 Materials Petroleum'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 Materials Petroleum JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.35 | |||
| Information Ratio | 0.0824 | |||
| Maximum Drawdown | 13.86 | |||
| Value At Risk | (6.88) | |||
| Potential Upside | 6.7 |
Materials Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Materials Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Materials Petroleum's standard deviation. In reality, there are many statistical measures that can use Materials Petroleum historical prices to predict the future Materials Petroleum's volatility.| Risk Adjusted Performance | 0.06 | |||
| Jensen Alpha | 0.2664 | |||
| Total Risk Alpha | 0.6243 | |||
| Sortino Ratio | 0.0746 | |||
| Treynor Ratio | 1.08 |
Materials Petroleum JSC Backtested Returns
Materials Petroleum appears to be very steady, given 3 months investment horizon. Materials Petroleum JSC has Sharpe Ratio of 0.0854, which conveys that the firm had a 0.0854 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Materials Petroleum, which you can use to evaluate the volatility of the firm. Please exercise Materials Petroleum's Mean Deviation of 3.07, downside deviation of 4.35, and Risk Adjusted Performance of 0.06 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Materials Petroleum holds a performance score of 6. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Materials Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Materials Petroleum is expected to be smaller as well. Please check Materials Petroleum's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Materials Petroleum's current price movements will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
Materials Petroleum JSC has excellent reverse predictability. Overlapping area represents the amount of predictability between Materials Petroleum time series from 8th of February 2025 to 23rd of February 2025 and 23rd of February 2025 to 10th 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 Materials Petroleum JSC price movement. The serial correlation of -0.84 indicates that around 84.0% of current Materials Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 486.4 K |
Materials Petroleum JSC lagged returns against current returns
Autocorrelation, which is Materials Petroleum 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 Materials Petroleum's stock expected returns. We can calculate the autocorrelation of Materials Petroleum returns to help us make a trade decision. For example, suppose you find that Materials Petroleum 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 |
Materials Petroleum 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 Materials Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Materials Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Materials Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Materials Petroleum Lagged Returns
When evaluating Materials Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Materials Petroleum stock have on its future price. Materials Petroleum 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, Materials Petroleum autocorrelation shows the relationship between Materials Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Materials Petroleum JSC.
Regressed Prices |
| Timeline |
Pair Trading with Materials Petroleum
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 Materials Petroleum 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 Materials Petroleum will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Materials Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Materials Petroleum 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 Materials Petroleum - 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 Materials Petroleum JSC to buy it.
The correlation of Materials Petroleum 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 Materials Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Materials Petroleum 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 Materials Petroleum 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 Materials Stock
Materials Petroleum financial ratios help investors to determine whether Materials 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 Materials with respect to the benefits of owning Materials Petroleum security.