EVN Finance (Vietnam) Market Value
| EVF Stock | 8,800 300.00 3.30% |
| Symbol | EVN |
EVN Finance '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 EVN Finance'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 EVN Finance.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in EVN Finance on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding EVN Finance JSC or generate 0.0% return on investment in EVN Finance over 30 days. EVN Finance is related to or competes with Da Nang, and Hochiminh City. More
EVN Finance 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 EVN Finance'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 EVN Finance JSC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 2.83 |
EVN Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVN Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVN Finance's standard deviation. In reality, there are many statistical measures that can use EVN Finance historical prices to predict the future EVN Finance's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (7.37) |
EVN Finance JSC Backtested Returns
EVN Finance JSC secures Sharpe Ratio (or Efficiency) of -0.22, which denotes the company had a -0.22% return per unit of risk over the last 3 months. EVN Finance JSC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EVN Finance's Standard Deviation of 1.96, coefficient of variation of (453.20), and Mean Deviation of 1.51 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.06, which means not very significant fluctuations relative to the market. As returns on the market increase, EVN Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding EVN Finance is expected to be smaller as well. At this point, EVN Finance JSC has a negative expected return of -0.43%. Please make sure to confirm EVN Finance's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if EVN Finance JSC performance from the past will be repeated at future time.
Auto-correlation | 0.91 |
Excellent predictability
EVN Finance JSC has excellent predictability. Overlapping area represents the amount of predictability between EVN Finance time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 EVN Finance JSC price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current EVN Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 155.8 K |
EVN Finance JSC lagged returns against current returns
Autocorrelation, which is EVN Finance 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 EVN Finance's stock expected returns. We can calculate the autocorrelation of EVN Finance returns to help us make a trade decision. For example, suppose you find that EVN Finance 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 |
EVN Finance 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 EVN Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVN Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVN Finance stock over time.
Current vs Lagged Prices |
| Timeline |
EVN Finance Lagged Returns
When evaluating EVN Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVN Finance stock have on its future price. EVN Finance 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, EVN Finance autocorrelation shows the relationship between EVN Finance stock current value and its past values and can show if there is a momentum factor associated with investing in EVN Finance JSC.
Regressed Prices |
| Timeline |
Pair Trading with EVN Finance
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 EVN Finance 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 EVN Finance will appreciate offsetting losses from the drop in the long position's value.Moving together with EVN Stock
Moving against EVN Stock
| 0.62 | ABS | Binhthuan Agriculture | PairCorr |
| 0.54 | NTP | Tien Phong Plastic | PairCorr |
| 0.36 | AAM | Mekong Fisheries JSC | PairCorr |
The ability to find closely correlated positions to EVN Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EVN Finance 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 EVN Finance - 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 EVN Finance JSC to buy it.
The correlation of EVN Finance 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 EVN Finance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVN Finance JSC 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 EVN Finance 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 EVN Stock
EVN Finance financial ratios help investors to determine whether EVN 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 EVN with respect to the benefits of owning EVN Finance security.