Travel Investment (Vietnam) Market Value
| DAT Stock | 7,690 80.00 1.03% |
| Symbol | Travel |
Travel Investment '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 Travel Investment'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 Travel Investment.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Travel Investment on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Travel Investment and or generate 0.0% return on investment in Travel Investment over 180 days. Travel Investment is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Travel Investment 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 Travel Investment'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 Travel Investment and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 4.25 |
Travel Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Travel Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Travel Investment's standard deviation. In reality, there are many statistical measures that can use Travel Investment historical prices to predict the future Travel Investment's volatility.| Risk Adjusted Performance | 0.0079 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0388 |
Travel Investment Backtested Returns
Travel Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0361, which indicates the firm had a -0.0361% return per unit of risk over the last 3 months. Travel Investment and exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Travel Investment's Coefficient Of Variation of 59116.16, risk adjusted performance of 0.0079, and Semi Deviation of 1.8 to confirm the risk estimate we provide. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Travel Investment are expected to decrease at a much lower rate. During the bear market, Travel Investment is likely to outperform the market. At this point, Travel Investment has a negative expected return of -0.0723%. Please make sure to validate Travel Investment's value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to decide if Travel Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Travel Investment and has modest predictability. Overlapping area represents the amount of predictability between Travel Investment time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Travel Investment price movement. The serial correlation of 0.52 indicates that about 52.0% of current Travel Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 62.8 K |
Travel Investment lagged returns against current returns
Autocorrelation, which is Travel Investment 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 Travel Investment's stock expected returns. We can calculate the autocorrelation of Travel Investment returns to help us make a trade decision. For example, suppose you find that Travel Investment 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 |
Travel Investment 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 Travel Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Travel Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Travel Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Travel Investment Lagged Returns
When evaluating Travel Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Travel Investment stock have on its future price. Travel Investment 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, Travel Investment autocorrelation shows the relationship between Travel Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Travel Investment and.
Regressed Prices |
| Timeline |
Pair Trading with Travel Investment
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 Travel Investment 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 Travel Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Travel Stock
Moving against Travel Stock
| 0.69 | BCF | Bich Chi Food | PairCorr |
| 0.63 | ELC | Elcom Technology Com | PairCorr |
| 0.62 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.49 | FPT | FPT Corp | PairCorr |
| 0.39 | SMA | Saigon Machinery Spare | PairCorr |
The ability to find closely correlated positions to Travel Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Travel Investment 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 Travel Investment - 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 Travel Investment and to buy it.
The correlation of Travel Investment 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 Travel Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Travel Investment 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 Travel Investment 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 Travel Stock
Travel Investment financial ratios help investors to determine whether Travel 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 Travel with respect to the benefits of owning Travel Investment security.