Educational Book (Vietnam) Market Value
| DAE Stock | 15,500 500.00 3.33% |
| Symbol | Educational |
Educational Book '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 Educational Book'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 Educational Book.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Educational Book on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Educational Book In or generate 0.0% return on investment in Educational Book over 30 days.
Educational Book 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 Educational Book'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 Educational Book In upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.81 | |||
| Information Ratio | 0.0198 | |||
| Maximum Drawdown | 19.86 | |||
| Value At Risk | (7.59) | |||
| Potential Upside | 9.86 |
Educational Book Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Educational Book's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Educational Book's standard deviation. In reality, there are many statistical measures that can use Educational Book historical prices to predict the future Educational Book's volatility.| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | 0.1404 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0159 | |||
| Treynor Ratio | 0.389 |
Educational Book Backtested Returns
Educational Book secures Sharpe Ratio (or Efficiency) of -0.088, which denotes the company had a -0.088% return per unit of risk over the last 3 months. Educational Book In exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Educational Book's Mean Deviation of 3.1, coefficient of variation of 2424.68, and Downside Deviation of 5.81 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, Educational Book's returns are expected to increase less than the market. However, during the bear market, the loss of holding Educational Book is expected to be smaller as well. At this point, Educational Book has a negative expected return of -0.32%. Please make sure to confirm Educational Book's treynor ratio, expected short fall, day typical price, as well as the relationship between the potential upside and daily balance of power , to decide if Educational Book performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Educational Book In has no correlation between past and present. Overlapping area represents the amount of predictability between Educational Book time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Educational Book price movement. The serial correlation of 0.0 indicates that just 0.0% of current Educational Book price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Educational Book lagged returns against current returns
Autocorrelation, which is Educational Book 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 Educational Book's stock expected returns. We can calculate the autocorrelation of Educational Book returns to help us make a trade decision. For example, suppose you find that Educational Book 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 |
Educational Book 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 Educational Book stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Educational Book stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Educational Book stock over time.
Current vs Lagged Prices |
| Timeline |
Educational Book Lagged Returns
When evaluating Educational Book's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Educational Book stock have on its future price. Educational Book 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, Educational Book autocorrelation shows the relationship between Educational Book stock current value and its past values and can show if there is a momentum factor associated with investing in Educational Book In.
Regressed Prices |
| Timeline |
Pair Trading with Educational Book
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 Educational Book 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 Educational Book will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Educational Book could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Educational Book 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 Educational Book - 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 Educational Book In to buy it.
The correlation of Educational Book 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 Educational Book moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Educational Book 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 Educational Book 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.