Duong Hieu (Vietnam) Market Value
| DHM Stock | 8,400 80.00 0.94% |
| Symbol | Duong |
Duong Hieu '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 Duong Hieu'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 Duong Hieu.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Duong Hieu on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Duong Hieu Trading or generate 0.0% return on investment in Duong Hieu over 720 days. Duong Hieu is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Duong Hieu 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 Duong Hieu'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 Duong Hieu Trading upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.84 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 6.12 |
Duong Hieu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Duong Hieu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Duong Hieu's standard deviation. In reality, there are many statistical measures that can use Duong Hieu historical prices to predict the future Duong Hieu's volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | 0.0233 | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.0439 |
Duong Hieu Trading Backtested Returns
Duong Hieu Trading secures Sharpe Ratio (or Efficiency) of -0.0042, which denotes the company had a -0.0042% return per unit of risk over the last 3 months. Duong Hieu Trading exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Duong Hieu's Standard Deviation of 2.88, variance of 8.28, and Mean Deviation of 1.72 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.5, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Duong Hieu are expected to decrease at a much lower rate. During the bear market, Duong Hieu is likely to outperform the market. At this point, Duong Hieu Trading has a negative expected return of -0.0123%. Please make sure to confirm Duong Hieu's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Duong Hieu Trading performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Duong Hieu Trading has insignificant predictability. Overlapping area represents the amount of predictability between Duong Hieu time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Duong Hieu Trading price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Duong Hieu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 617.2 K |
Duong Hieu Trading lagged returns against current returns
Autocorrelation, which is Duong Hieu 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 Duong Hieu's stock expected returns. We can calculate the autocorrelation of Duong Hieu returns to help us make a trade decision. For example, suppose you find that Duong Hieu 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 |
Duong Hieu 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 Duong Hieu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Duong Hieu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Duong Hieu stock over time.
Current vs Lagged Prices |
| Timeline |
Duong Hieu Lagged Returns
When evaluating Duong Hieu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Duong Hieu stock have on its future price. Duong Hieu 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, Duong Hieu autocorrelation shows the relationship between Duong Hieu stock current value and its past values and can show if there is a momentum factor associated with investing in Duong Hieu Trading.
Regressed Prices |
| Timeline |
Pair Trading with Duong Hieu
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 Duong Hieu 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 Duong Hieu will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Duong Hieu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duong Hieu 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 Duong Hieu - 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 Duong Hieu Trading to buy it.
The correlation of Duong Hieu 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 Duong Hieu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duong Hieu Trading 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 Duong Hieu 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 Duong Stock
Duong Hieu financial ratios help investors to determine whether Duong 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 Duong with respect to the benefits of owning Duong Hieu security.