Ducgiang Chemicals (Vietnam) Market Value
| DGC Stock | 107,000 1,900 1.74% |
| Symbol | Ducgiang |
Ducgiang Chemicals '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 Ducgiang Chemicals' 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 Ducgiang Chemicals.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Ducgiang Chemicals on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Ducgiang Chemicals Detergent or generate 0.0% return on investment in Ducgiang Chemicals over 90 days. Ducgiang Chemicals is related to or competes with Tin Nghia, Hochiminh City, Vietnam Petroleum, Dong Nai, Industrial Urban, and Tien Phong. More
Ducgiang Chemicals 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 Ducgiang Chemicals' 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 Ducgiang Chemicals Detergent upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.72 |
Ducgiang Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ducgiang Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ducgiang Chemicals' standard deviation. In reality, there are many statistical measures that can use Ducgiang Chemicals historical prices to predict the future Ducgiang Chemicals' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 8.78 |
Ducgiang Chemicals Backtested Returns
Ducgiang Chemicals secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12 % return per unit of standard deviation over the last 3 months. Ducgiang Chemicals Detergent exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ducgiang Chemicals' Standard Deviation of 1.02, mean deviation of 0.773, and Coefficient Of Variation of (823.78) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0153, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ducgiang Chemicals are expected to decrease at a much lower rate. During the bear market, Ducgiang Chemicals is likely to outperform the market. At this point, Ducgiang Chemicals has a negative expected return of -0.12%. Please make sure to confirm Ducgiang Chemicals' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Ducgiang Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Ducgiang Chemicals Detergent has modest reverse predictability. Overlapping area represents the amount of predictability between Ducgiang Chemicals 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 Ducgiang Chemicals price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Ducgiang Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 2.6 M |
Ducgiang Chemicals lagged returns against current returns
Autocorrelation, which is Ducgiang Chemicals 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 Ducgiang Chemicals' stock expected returns. We can calculate the autocorrelation of Ducgiang Chemicals returns to help us make a trade decision. For example, suppose you find that Ducgiang Chemicals 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 |
Ducgiang Chemicals 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 Ducgiang Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ducgiang Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ducgiang Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Ducgiang Chemicals Lagged Returns
When evaluating Ducgiang Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ducgiang Chemicals stock have on its future price. Ducgiang Chemicals 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, Ducgiang Chemicals autocorrelation shows the relationship between Ducgiang Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Ducgiang Chemicals Detergent.
Regressed Prices |
| Timeline |
Pair Trading with Ducgiang Chemicals
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 Ducgiang Chemicals 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 Ducgiang Chemicals will appreciate offsetting losses from the drop in the long position's value.Moving against Ducgiang Stock
The ability to find closely correlated positions to Ducgiang Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ducgiang Chemicals 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 Ducgiang Chemicals - 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 Ducgiang Chemicals Detergent to buy it.
The correlation of Ducgiang Chemicals 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 Ducgiang Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ducgiang Chemicals 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 Ducgiang Chemicals 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 Ducgiang Stock
Ducgiang Chemicals financial ratios help investors to determine whether Ducgiang 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 Ducgiang with respect to the benefits of owning Ducgiang Chemicals security.