Ha Noi (Vietnam) Market Value
| EID Stock | 26,700 100.00 0.38% |
| Symbol | EID |
Ha Noi '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 Ha Noi'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 Ha Noi.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Ha Noi on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Ha Noi Education or generate 0.0% return on investment in Ha Noi over 30 days. Ha Noi is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Ha Noi 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 Ha Noi'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 Ha Noi Education upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.14 |
Ha Noi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ha Noi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ha Noi's standard deviation. In reality, there are many statistical measures that can use Ha Noi historical prices to predict the future Ha Noi's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (2.11) |
Ha Noi Education Backtested Returns
Ha Noi Education retains Efficiency (Sharpe Ratio) of -0.0203, which attests that the entity had a -0.0203% return per unit of price deviation over the last 3 months. Ha Noi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ha Noi's Coefficient Of Variation of (9,196), information ratio of (0.14), and Market Risk Adjusted Performance of (2.10) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0087, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Ha Noi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ha Noi is expected to be smaller as well. At this point, Ha Noi Education has a negative expected return of -0.0159%. Please make sure to check out Ha Noi's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if Ha Noi Education performance from the past will be repeated at some future date.
Auto-correlation | 0.28 |
Poor predictability
Ha Noi Education has poor predictability. Overlapping area represents the amount of predictability between Ha Noi time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Ha Noi Education price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Ha Noi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 45.6 K |
Ha Noi Education lagged returns against current returns
Autocorrelation, which is Ha Noi 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 Ha Noi's stock expected returns. We can calculate the autocorrelation of Ha Noi returns to help us make a trade decision. For example, suppose you find that Ha Noi 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 |
Ha Noi 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 Ha Noi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ha Noi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ha Noi stock over time.
Current vs Lagged Prices |
| Timeline |
Ha Noi Lagged Returns
When evaluating Ha Noi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ha Noi stock have on its future price. Ha Noi 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, Ha Noi autocorrelation shows the relationship between Ha Noi stock current value and its past values and can show if there is a momentum factor associated with investing in Ha Noi Education.
Regressed Prices |
| Timeline |
Pair Trading with Ha Noi
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 Ha Noi 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 Ha Noi will appreciate offsetting losses from the drop in the long position's value.Moving against EID Stock
The ability to find closely correlated positions to Ha Noi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ha Noi 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 Ha Noi - 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 Ha Noi Education to buy it.
The correlation of Ha Noi 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 Ha Noi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ha Noi Education 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 Ha Noi 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 EID Stock
Ha Noi financial ratios help investors to determine whether EID 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 EID with respect to the benefits of owning Ha Noi security.