Cotec Construction (Vietnam) Market Value
| CTD Stock | 84,900 4,100 4.61% |
| Symbol | Cotec |
Cotec 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 Cotec 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 Cotec Construction.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Cotec Construction on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Cotec Construction JSC or generate 0.0% return on investment in Cotec Construction over 90 days. Cotec Construction is related to or competes with Saigon Viendong, Innovative Technology, Tay Ninh, Vnsteel Vicasa, and Hochiminh City. More
Cotec 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 Cotec 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 Cotec Construction JSC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.2503 | |||
| Maximum Drawdown | 11.57 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 5.03 |
Cotec Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cotec Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cotec Construction's standard deviation. In reality, there are many statistical measures that can use Cotec Construction historical prices to predict the future Cotec Construction's volatility.| Risk Adjusted Performance | 0.1858 | |||
| Jensen Alpha | 0.4872 | |||
| Total Risk Alpha | 0.7372 | |||
| Sortino Ratio | 0.2816 | |||
| Treynor Ratio | 1.54 |
Cotec Construction JSC Backtested Returns
Cotec Construction appears to be very steady, given 3 months investment horizon. Cotec Construction JSC secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cotec Construction JSC, which you can use to evaluate the volatility of the firm. Please makes use of Cotec Construction's Mean Deviation of 1.66, downside deviation of 2.0, and Risk Adjusted Performance of 0.1858 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cotec Construction holds a performance score of 16. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cotec Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cotec Construction is expected to be smaller as well. Please check Cotec Construction's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Cotec Construction's price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Cotec Construction JSC has good predictability. Overlapping area represents the amount of predictability between Cotec Construction time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Cotec Construction JSC price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Cotec Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 33.5 M |
Cotec Construction JSC lagged returns against current returns
Autocorrelation, which is Cotec 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 Cotec Construction's stock expected returns. We can calculate the autocorrelation of Cotec Construction returns to help us make a trade decision. For example, suppose you find that Cotec 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 |
Cotec 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 Cotec Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cotec Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cotec Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Cotec Construction Lagged Returns
When evaluating Cotec Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cotec Construction stock have on its future price. Cotec 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, Cotec Construction autocorrelation shows the relationship between Cotec Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Cotec Construction JSC.
Regressed Prices |
| Timeline |
Pair Trading with Cotec 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 Cotec 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 Cotec Construction will appreciate offsetting losses from the drop in the long position's value.Moving together with Cotec Stock
Moving against Cotec Stock
The ability to find closely correlated positions to Cotec 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 Cotec 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 Cotec 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 Cotec Construction JSC to buy it.
The correlation of Cotec 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 Cotec Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cotec 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 Cotec 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 Cotec Stock
Cotec Construction financial ratios help investors to determine whether Cotec 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 Cotec with respect to the benefits of owning Cotec Construction security.